Pretium Advisory does not believe that “One size fits all”. Each corporation is unique and needs to be assessed by its own standards, which involves understanding;

• Stakeholder vision
• Corporate culture
• Operational and financial standing
• Management readiness

Pretium Advisory readiness review is crucial to prepare alternative corporate finance solutions among – where necessary – with ESG and Sustainable Finance focus;

• Strategic Alliance Options
• Equity Capital Markets (“ECM”)
• Debt Capital Markets (“DCM “)
• Credit Markets / Alternative Lenders Market

Sell Side Offering (Disposal) – Turkish Corporates

• M&A Strategy
  • Portfolio Review & Strategy
  • JV / Alliance Assessment
• Transaction Readiness
  • Deal Structuring & Investment Story
  • Buyer Identification
  • Preparation of Market Pack
  • Business Plan Support
  • Review of VDD Need
• Transaction / Due Diligence Assistance
  • Buyer Contact Strategy
  • NBO Evaluation
  • Management Presentation
  • Dataroom Preparation
  • Negotiation Support
• Closing
  • Transaction Documents Negotiation Assistance

Buy Side Offering (Inbound & Outbound) – Turkish Corporates

• Market Entry Strategy Review
  • Discover Geographical / Sector Specific Opportunities
  • Partner / Target Identification (Long& Short Lists)
  • Field Trip Organization
    • Meet Service Providers
    • Meet Targets
  • Readiness Review
• Transaction Readiness
  • Pre-Bid Advisory
  • 3P Team Building
  • Bid Strategy
• Transaction / Due Diligence Execution Assistance
  • Deal Structure
  • Negotiation Support / Bid Support
  • Transaction Execution Support
    • Model Support
    • Financing Support
  • Closing
    • Transaction Documents Negotiation Assistance

The founding partner of Pretium Advisory has been involved in equity underwriting and placements since 1990, since when he has established underwriting protocols, run a research-based equity trading and sales platform and conducted equity deal and non-deal roadshows into US, Europe and the GCC regions.

The Turkish ECM are still trying to mature though there are now around 500 listed firms on Borsa Istanbul (BIST), with a market capitalization of around $350 Bn, equivalent to around 30% of GDP – representing a slow growth and ranked 26^th (2024) in global exchanges list. Until 2021, growth potential was limited as the window for IPOs only opened in short cycles thus necessitating alternative equity raising models like pre-IPOs, private placements or mezzanine solutions (2010-2020: Total IPOs numbered 86). After 2022, IPO frenzy started (2021-2023 IPOs reached 148 in three years) attracting millions of retail investors to Borsa Istanbul, which significantly increased number of listed companies.

Pretium Advisory understands and offers ECM Preparedness services including;

• Corporate Governance Checklists
• Management Preparedness
• MIS Infrastructure and Review
• Business Plan Strategy & Development
• Selection of Brokers
• Assistance in Pricing, Timing & Distribution strategy

The Turkish DCM have started to be re-activated only after crowding-out ended and real-interest rates started to decrease to sustainable levels opening the way to issues of domestic currency bonds. The amounts and maturities are very limited and need to be extended.

The Turkish credit market is heavily populated and is competitive and liquid at the same time for conventional products. However, project finance or long term financing is a different story. Knowing the limited number of players in Türkiye and access to alternative lenders market in Europe could be tested.

European direct lending funds have exceeded 450Bn Euros of capital dedicated to private debt. These alternative lenders markets are now functional in around 20 countries, with the UK leading in volumes. Preparedness is the key as only selected cases can be structured and introduced to institutional lenders. Key requirements include; audited reports, rating results and normal net Debt/Ebitda ratios.

If an optimal capital structure is agreed, the process is custom designed and normally completed within 14-16 weeks – longer for emerging economies.

Whether a Corporation is private or public, corporate communication solutions available are varied and need to fit the corporate. Therefore, developing a Corporate Communications Roadmap is of vital importance before implementing various initiatives that involve PR and/or IR solutions.

Pretium Advisory Corporate Communication Roadmap assistance will allow the corporate to develop a separate communication stream to current and potential investors/creditors. This Roadmap will also form the basis of the “investment story” – that is crucial in implementing any corporate finance solution. Over 2 decades of institutional research lead together with roadshows into US, UK and Gulf markets at all levels (IRO to CEO to Chairperson).