Author: Murat Saray

Categories
Finance

Stellar Successfully Completes Yargıcı Sale!

Stellar Successfully Completes Yargıcı’s Strategic Sale!
A transformative six-month journey honoring Yargıcı’s legacy, ensuring a future aligned with its strategic vision. This milestone reaffirms Stellar’s expertise in M&A, delivering success with precision and trust.

At Stellar, we are thrilled to announce the successful completion of Yargıcı’s sale after an intensive six-month journey!

This strategic transaction was conducted with the utmost respect for Yargıcı’s rich legacy and brand value. By prioritizing the interests and sensitivities of all parties involved at every step, we navigated through detailed analyses and rigorous negotiations to achieve a successful outcome.

We ensured that Yargıcı embarks on a new chapter aligned with its strategic goals while adopting an approach that resonates with industry dynamics and our business partners’ expectations. This agreement goes beyond a mere company sale; it stands as a testament to Stellar’s expertise and reliability in M&A, solidifying our position in the industry.

We extend our deepest gratitude to the teams at Kamco, Yargıcı, Esin Attorney Partnership, PWC, TIMS, Acar & Ergönen Attorney Partnership, and KPMG for their invaluable contributions and collaboration throughout this journey. Their expertise and partnership played a crucial role in the successful conclusion of this transaction.

Categories
Finance

The Imperative of Damage Assessment and Due Diligence in Shaping Economic Policy

Amid the turbulent economic climate of Turkey, the importance of undertaking a rigorous damage assessment and exercising due diligence before implementing new financial policies cannot be overstated. With the economy reeling from a range of homegrown unorthodox and unscientific policies, the recent elections have given way to an opportunity for a much-needed shift in economic management and policy-making. However, charting the way forward requires a comprehensive understanding of the state of the nation’s economy, the damage inflicted thus far, and the potential impacts of new policies.

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Finance

Unveiling the Power of Budgeting and Forecasting for Corporate Success

As business consultants at Stellar Consult, we believe that a robust and effective budgeting process is the cornerstone of any successful company, irrespective of its size, industry, or geographic location.

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Categories
Management

“Founders” that should never start up

Dire mistakes for start-ups stem from the misalignment between the individual team members and the founders. Founders that have the following attitudes towards team members, that could inevitably be considered as NOT DOs and so nurturing a toxic and unsuccessful environment for a start up.

Founders that fall in love with themselves and so their startup ideas… This phenomena is the most critical barrier for a founders to overcome and unfortunately this is a solid character issue therefore a case for the therapists. Those type of founders might attract good talent and think having a “dream team” as a showcase to investors, however in reality they obsessively believe that their path is always accurate.

The second major mistake for founders is choosing the key staff according to obedience and flattery, not according to merit and performance. This is again related with above mentioned narcissist character, but more of a self confidence and trust issue. It is a common traditional problem that is observed mostly in Eastern cultures, where truly incapable and incompetent team member is always preferred over a challenging and scientific professional. However, not being able to retain the first class, prudent team is already the biggest hurdle in front of success. Founders, choosing indirect communication through incompetent team members as a vehicle to control the team create continuous fractures and feeling of inequality among team members.

Last but not the least major mistake consistent with above is the Founder’s opaque approach and reluctance in sharing information or selectively sharing among team members. In absence of collective intelligence and decision making, failure of the team and therefore the execution is inevitable.

This is only a summary of factors that contribute to failure of even greatest ideas is a demotivating environment, where employees will not enjoy and work with passion. If you are a part of a team portrayed above, then leaving for another venture might be a good idea.

Categories
Finance

How to become a Financial Center? Can Istanbul become a Financial Center?

What is a Financial Center (FC)?

A Financial Center is the term used to describe clusters where participants of banking, asset management, insurance, and financial markets carry out their activities, supported by legal and physical infrastructure.

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Finance

What is the Sovereign Wealth Fund’s intervention in BIST for?

Unlike its counterparts in the world, the fact that almost all of the companies in the sovereign wealth fund, which was established as a shareholder of institutions with public shares rather than aiming to manage funds, are traded on BIST is important for the formation of these companies’ market value. Since the sovereign wealth fund is designed as an unsupervised, unaccountable legal entity as an alternative new borrowing pocket for the Treasury, the market value of the companies it owns is of great importance.

The sovereign wealth fund tries to keep the market value and therefore the collateral value of foreign sources created abroad that can provide borrowing support high by supporting BIST derivative instruments on BIST and VIOB with its liquid funds. It is needless to say that this is a very dangerous and, as usual, an application contrary to market conditions. In addition, since this purchase support cannot continue indefinitely and lending institutions will be aware of this, they will already demand a much larger percentage of shares as collateral value or keep the LTV (loan-to-value) ratio low. As in every aspect of the market, opaque practices always face a higher risk premium and a high amount of debt as collateral against the Sovereign Wealth Fund. Above all, small investors who are lured into this virtual world with the exit of the stock market should be willing to accept much greater losses in the future. Neither inflation, nor exchange rates, nor unemployment, nor the current level of stock market indexes are realistic.