KPMG: Mergers and Acquisitions in Turkey Increased by 50 percent.

KPMG Report: Mergers and Acquisitions in Turkey are Rapidly Increasing

KPMG Turkey announced the results of the "Mergers and Acquisitions Trends 2025 from KPMG's Perspective" report for the first 11 months of 2025. The report reveals a significant growth trend in Turkey's mergers and acquisitions market.

Global Mergers and Acquisitions Volume Breaks Record

The global mergers and acquisitions transaction volume was 2.7 trillion dollars for the first 11 months of 2024, increasing by 43% to reach 3.9 trillion dollars in the same period of 2025. The number of transactions also rose from 44,000 to 48,000 during this time.

Striking Increases in Turkey

According to data from disclosed transactions in Turkey, the transaction volume in the first 11 months of 2025 increased from 5.1 billion dollars in the same period last year to 7.8 billion dollars. The total estimated transaction volume reached 14.6 billion dollars, showing a marked increase.

Expectations for 2026 and Sectoral Developments

KPMG Turkey expects an increase in transaction volume for 2026 in the technology, media and telecommunications, retail, and energy sectors. This indicates that investors are refocusing on strategic transactions.

Significant Transactions in Retail and TMT Sectors

The largest transaction in Turkey during the first 11 months of 2025 was the transfer of operating rights for Vehicle Inspection Stations to the MOI Joint Venture under the TURKA brand for 1.72 billion dollars. Additionally, transactions involving Koç Holding's Tek-Art in the retail sector are noteworthy.

Foreign Investors are Attractive

Foreign investors engaged in 90 transactions worth 3 billion dollars in the first 11 months of 2025. This accounted for 18% of total transactions, representing 39% of the disclosed transaction volume.

Rapidly Growing Activities in Finance

Funds from private equity executed 306 transactions in the first 11 months of 2025. This reflects a 29% increase compared to the same period last year. Özge İlhan Acar, KPMG Turkey Mergers and Acquisitions Services Leader, noted that Turkey's exit from the grey list played a key role in increasing investor interest.