Ronesans Holding A.S., ("RHOL", or "the Group"), is a well-known company with operations in the construction, real estate development, healthcare private public partnerships ("PPP"), and energy sectors. IFC is considering to invest up to US$ 215 M in the form of either equity, quasi-equity, quasi-loan or loan in RHOL. IFC's investment will help the Group expand its activities in Africa, the Middle East and the Caucuses Region (Armenia, Azerbaijan, Georgia and Russia), and (ii) strengthen its sectoral presence in infrastructure (including energy investments), Turkish real estate and healthcare PPPs.Headquartered in Ankara, Turkey; RHOL is currently operating in 17 countries, including Turkey, Russia, Turkmenistan, Belarus, Kazakhstan, Azerbaijan, Iraq, Qatar, Gabon, Nigeria, , Mozambique, Germany, Austria, Finland, the Netherlands, Sweden and Switzerland.
All Group companies are consolidated under RHOL which is 95% owned by Mr. Erman Ilicak, and 2.5% each by Bahar and Ipek Ilicak. As founder and main shareholder, Erman Ilicak started his venture in Saint Petersburg, Russia as a construction engineer. RHOL is currently operating in 17 countries including Turkey, Russia, and various other developing countries in the wider- CEU region.
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