The Abraaj Group, a leading investor operating in global growth markets, has acquired a stake in BRN Yatak Baza Ev Tekstili Ýnþaat Sanayi Ticaret Anonim Þirketi, a Turkish mattress and sleep products manufacturer, exporter and retailer.

It has invested in the company through its Anatolia Growth Capital Fund, in partnership with European Bank for Reconstruction and Development (EBRD).

Established by Berna and Mustafa Ýlter in 2006 in Kayseri, BRN Sleep Products began its operations with a focus on export markets and has since grown to become Turkey’s leading mattress and sleep products exporter, with exports to over 50 countries.

It has been expanding in the domestic market since 2011 and currently has 11 company-owned retail stores in Turkey.
 
With Abraaj and EBRD’s support, BRN Sleep Products plans to increase the production capacity of its Kayseri manufacturing facility, enhance its export footprint by further penetrating existing markets as well as entering new markets, and expand in the domestic market by opening new retail stores.
 
Selçuk Yorgancýoðlu, partner and regional head of Turkey and Central Asia at The Abraaj Group, said: “Our investment in BRN Sleep Products is aligned with the Anatolia Growth Capital Fund’s strategy of seeking strong, growth-oriented and well-managed companies in the developing provinces and regions of Anatolia.

“With exports to over 50 countries and expansion in the domestic market, we see an exciting opportunity to drive BRN Sleep Products’ growth in Turkey, regionally and beyond. We look forward to working closely with Berna and Mustafa Ýlter, providing our financial and operational support to the business, and partnering once again with EBRD on investment opportunities in Turkey.”
 
Berna Ýlter, general manager of BRN Sleep Products, said: “We have experienced strong growth since our inception nine years ago. In order for us to reach the next stage of our growth trajectory, we felt it would be beneficial to bring on board experienced investors such as Abraaj and EBRD, who have solid track records in expanding businesses and creating further operational value.”
 
Mike Davey, director at EBRD, added: “The EBRD is pleased to partner with The Abraaj Group to support yet another successful Turkish company.

“Established and grown in Anatolia, BRN Sleep Products is a great example of how fast-growing family-run SMEs can boost economic development in the regions of Turkey. Supporting such companies is at the heart of the EBRD’s strategy in Turkey.” - TradeArabia News Service