Core Finance Advised Medianova On Its Significant Minority M&a With Turkven | Core Finance
Summary
Core Finance served as the exclusive sell-side advisor to Medianova on its significant minority transaction with Turkven.Medianova, one of Turkiyes largest pure-play providers of connectivity and a pioneer in information and communication technology (ICT) servicescovering areas such as performance, cybersecurity, and cloudannounced today the completion of its Growth Equity round led by Turkven, a leading alternative asset manager with an AUM of $1.5 billion.Founded in 2005 in Istanbul, Medianova operates a robust network of over 50 Points of Presence (PoPs) across five continents, including 25+ cloud locations. With a well-established presence, strong brand, proven track record in the MENA region, and high-performance capabilities, Medianova is uniquely positioned to meet the surging global demand for ICT services especially hyper-growing businesses like social media platforms, video streaming services and e-commerce.Medianova has over 70 employees serving a diversified client base of more than 300 enterprise clients across 20+ countries.This investment will empower Medianova to enhance its regional market presence and broaden its range of services. With Turkvens support, we can accelerate our expansion, bolstering our global competitiveness and reinforcing our regional market leadership. Together, we will create secure, fast, and scalable solutions that position us to compete even more vigorously against global technology giants.Core Finance acted as the exclusive sell-side advisor to Medianova. This transaction reinforces Core Finances expertise in advising leading technology and software companies.