Revo Capital Fund I B.V. (IFC-37661)

Countries
  • Turkey
Where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
FI
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Mar 30, 2016
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
REVO CAPITAL
The holder of the loan, grant, or other investment.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Equity
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 8.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 75.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Aug 9, 2018

Disclosed by Bank Mar 1, 2016


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Project Description

The proposed project is an investment in Revo Capital Fund I B.V., a Netherlands incorporated entity, which will invest in equity and equity-linked instruments of fast-growing early stage technology companies in Turkey.

Investment Description
  • International Finance Corporation (IFC)
Private Actors
  • Revo Capital -- Fund Manager
  • Revo Capital Fund I B.V. -- Financial Intermediary

Revo Capital Management B.V., a Netherlands incorporated entity will be engaged by the Fund to serve as its investment manager. The sole shareholder of the Manager is Mr. Özcan Tahincioglu, a real person and Turkish resident who will exercise control and supervision over the operations of the Manager.

Revo Capital Fund I B.V., is a Netherlands incorporated entity which will invest in equity and equity-linked instruments of fast-growing early stage technology companies in Turkey.

Contact Information

Mr. Cenk Bayrakdar
mailto:cenk@revoistanbul.com
Revo Capital Liaison Office
Halk Cad Kardelen Sok 2 Palladium Tower 36
Atasehir Istanbul Turkey

ACCOUNTABILITY MECHANISM OF IFC

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