What Mediterra Capital does

Mediterra Capital is an independent, Turkey-focused private equity fund manager founded in 2011 and co-led by Ahmet Faralyalı (formerly KKR London) and Murat Erkurt (formerly Managing Director at Lehman Brothers Private Equity Division). The firm operates two limited partnerships — Mediterra Capital Partners I, LP (~€164 million) and Mediterra Capital Partners II, LP (~€166 million) — investing growth and control equity of €15-60 million per transaction into Turkish mid-market companies with enterprise values of €25-200 million. Its core proposition is providing these companies with growth capital, active board governance, international management practices, and strategic repositioning support, typically taking control, 50/50, or significant minority positions with board representation.

The firm generates revenue through two principal streams: recurring management fees charged on the approximately €330 million of aggregate fund commitments, and transaction-based carried interest on successful portfolio realizations. Its LP base comprises development finance institutions (EBRD, IFC, FMO), the European Investment Fund, fund-of-funds (Alpinvest), and multi-strategy managers (Siguler Guff), alongside Turkish institutional investors (KOSGEB, TTGV, TSKB). Deal sourcing is conducted via direct network relationships, private equity industry events, and referrals rather than traditional distribution channels.

Since inception Mediterra has executed 30+ investments across 11 countries spanning consumer (restaurants, food brands such as Tavuk Dünyası, Pizza Pizza, Dürümle, Söke Un), business services (ACP Sigorta, Mobiliz), export manufacturing (Arkel, Elba Bant), information technology (PayCore, Logo Yazılım, Zero Density, Sistem Global), and capital goods. The firm is headquartered in Guernsey with an operational office in Amsterdam, is a signatory to the UN Principles for Responsible Investment, and was named "Best Mid-Market PE Firm – Turkey" by Acquisition International in 2017.

Name

Mediterra Capital

Legal name

Mediterra Capital Management Limited

Website

https://mediterracapital.com

Company type

Private

Founded year

2011

Operating status

Operating

Headcount range

1–10 employees

Short description

Mediterra Capital is an independent Turkey-focused private equity firm managing ~€330M across two funds, investing €15-60M into Turkish mid-market companies (€25-200M EV) across consumer, business services, manufacturing, and IT sectors.

Ownership category

akta.pro rank

Product category

Private Equity Fund Management

NAICS

Portfolio Management and Investment Advice (523940)

SIC

Investment Advice (6282)

akta.pro primary industry

Micro-PE / Lower Middle Market ETA Funds (FSANALAG)

Keywords

• Private equity investments
• Growth capital
• Fund management
• Mid-market buyouts
• Portfolio management

Headquarters

HQ city

Sariyer

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Management Fees: Management fees charged on funds under management (Mediterra Capital Partners I LP with approx. Euro 164 million and Mediterra Capital Partners II LP with approx. Euro 166 million)
2. Carried Interest / Performance Fees: Carried interest from successful portfolio company exits and realizations

Distribution channels1 record

Marketing channels3 records

Core offering

Mediterra Capital is an independent private equity fund management company that manages two Turkey-focused mid-market PE funds (Mediterra Capital Partners I LP at ~€164M and Mediterra Capital Partners II LP at ~€166M). The firm invests €15–60 million per transaction in companies with enterprise values of €25–200 million, providing growth capital, strategic repositioning, ownership transition support, and active board governance to portfolio companies across consumer, business services, export manufacturing, capital goods, and IT sectors.

Product overview

Mediterra Capital is a private equity firm, not a product/technology company. It operates two private equity funds (Mediterra Capital Partners I LP and II LP) that invest in mid-market and SME companies across Turkey. The firm provides growth capital, corporate governance, and strategic guidance to portfolio companies. Its investment criteria target companies with EUR 25-200 million enterprise value, with investment sizes of EUR 15-60 million, focusing on sectors including Consumer, Business Services, Export Manufacturing, Capital Goods, and Information Technology. The firm takes various ownership positions including control, 50/50, or significant minority stakes with board representation.

Differentiator

Problem solved

Functional benefit

Brands

• Global Restaurant Investments: Subsidiary of Mediterra Capital Partners focused on restaurant investments

Products and services

• Mediterra Capital Partners I, LP First Turkey-focused private equity fund with approximately €164 million in commitments, investing in Turkish mid-market companies via growth equity, management buy-outs/buy-ins, and ownership transitions.
• Mediterra Capital Partners II, LP Second Turkey-focused private equity fund with approximately €166 million in commitments, targeting mid-market and SME investments in Turkey across consumer, business services, manufacturing, and technology sectors.

Quantifiable outcome

• 14th investment in Turkey completed with PayCore acquisition in 2021

Segments7 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Turkven Private Equity: Turkey-focused private equity firm investing across mid-market and growth-stage companies. Most direct comparable — same geography, similar mid-market ticket size, and several Mediterra partners previously worked at Turkven.
• Actera Group: Turkey's largest dedicated private equity manager, investing across consumer, services, and growth sectors. Closest head-to-head competitor in Turkish mid-market buyouts and growth equity.
• Esas Holding: Turkey-based private equity and venture investor operating across multiple funds. Directly comparable in terms of local Turkish PE coverage and mid-market deal sourcing.

Regional players

• Mid Europa Partners: Central and Eastern European private equity firm with historic Turkey exposure. Comparable in mid-market buyout focus, though primarily CEEMENA rather than Turkey-only.
• 3TS Capital Partners: CEE-focused growth equity firm with a similar mid-market ticket size. Comparable business model and DFI LP base, though geographically focused on Central Europe rather than Turkey.
• Penta Investments: Central European private equity group investing across multiple mid-market sectors. Comparable in mid-market growth and buyout activity, but Central Europe-focused.

Emerging players

• ADM Capital: Asia and emerging markets private credit and equity investor. Comparable in emerging-markets PE mandate and DFI-style LP relationships, though more credit-heavy.
• Emerging Capital Partners: Africa and emerging markets private equity fund manager with DFI LP base. Comparable in emerging-markets PE mandate and mid-market growth equity approach.

Broad incumbents

• Bridgepoint: Large European mid-market private equity firm. Comparable in mid-market focus and growth/buyout strategy, but operates across Europe with much larger fund sizes.
• Investcorp: Global alternative investment firm with emerging markets exposure including Turkey. Comparable in cross-border emerging-markets PE, though larger and more diversified across asset classes.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries17 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A10 records

Investments11 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Mediterra Capital