Kamco Invest completes exit from Yargıcı in sale to TIMSGROUP

Kamco Invest has completed the sale of Yargıcı, a Turkish fashion and lifestyle retailer, to TIMSGROUP, a diversified Turkish business group with operations spanning content production, tourism, construction, and land development. The transaction represents the final exit of the Global Buyout Fund (“Under Liquidation”), a private equity fund managed by Kamco Invest outside the State of Kuwait.

The sale concludes a strategic process conducted under challenging economic conditions in Turkey, marked by high inflation and elevated interest rates. Kamco Invest navigated the complexities of the transaction to secure a successful outcome, positioning Yargıcı for continued growth under new ownership while remaining aligned with the brand’s heritage and values.

Founded in 1978 as a men’s fashion store, Yargıcı has evolved into a lifestyle brand known for its minimalist design and focus on quality craftsmanship. Since expanding into women’s fashion in 1988, the brand has broadened its portfolio to include accessories and home décor. The introduction of Yargıcı Homeworks in 2015 further strengthened its presence in interior design.

According to Mohammad F. Al Othman, Senior Executive Director of Alternative Investments at Kamco Invest, the transaction is the result of a multi-year value creation strategy that included operational restructuring and strategic repositioning, particularly through the COVID-19 period. He noted that Kamco Invest’s role extended beyond capital investment to supporting the long-term development of the business.

TIMSGROUP founder Timur Savci expressed optimism about Yargıcı’s future, citing the brand’s identity and strong market presence as key strengths. He emphasized TIMSGROUP’s intention to integrate its experience across industries to support Yargıcı’s growth and enhance its brand story.

The acquisition is expected to open new opportunities for Yargıcı, with TIMSGROUP aiming to build on the brand’s legacy while expanding its reach in Turkey and potentially to international markets.

KPMG acted as the financial advisor and Acar Ergonen Avukatlık Ortaklığı served as legal counsel for TIMSGROUP. On the sell side, StellarConsult (Stellar Consult Danışmanlık A.Ş.) was the financial advisor, while Esin Avukatlık Ortaklığı (a member firm of Baker McKenzie) provided legal advice.