The private shareholders of Monopoli Sigorta A.S. have sold a significant stake in the company to EMF Capital Partners. Financial details have not been disclosed.
Monopoli Sigorta is a leading insurance agency based in Istanbul, Turkey. Then firm offers all types of non-life insurance policies to individual and corporate customers via its innovative MonoPolicy product. This partnership will provide further boost to Monopoli Sigorta’s high-growth trajectory with its unique product, customer friendly and efficient sales strategy, well-structured operational IT infrastructure, and sub-agency consolidation model. Following the transaction, the founders will remain as controlling shareholders and will manage the company.
EMF Capital Partners is a UK-based private equity firm dedicated exclusively to financial institutions in the CIS and non-EU Central and Eastern European countries.
Oaklins' team in Turkey acted as the financial and strategic advisor to Monopoli Sigorta and its shareholders.
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