London, 20 October 2009
Macquarie Capital announces the appointment of Mehmet Abbasoglu as Managing Director in its Telecommunications, Media and Entertainment (TMET) sector advisory team.
Mr Abbasoglu joins Macquarie Capital from J.P.Morgan in London, where he was an Executive Director looking after the emerging markets telecommunications, media and technology franchise. Prior, Mr Abbasoglu was with Turkcell /Cukurova focusing on corporate strategy, business development and financial restructurings.
Mr Abbasoglu brings with him more than ten years of investment banking and five years of telecoms operating experience, through which he led client coverage and transaction execution efforts for all types of advisory, capital commitment, equity and debt markets transactions and restructurings. Most recently, Mr Abbasoglu advised Q-tel in its purchase of Indosat and Mobily in its secondary offering, among others. Mr Abbasoglu is a graduate of Harvard Business School and Macalester College.
“We are very pleased to welcome Mehmet into our advisory team,” said Graeme Conway, Head of Macquarie Capital’s European advisory business. “Macquarie Capital has a strong TMET sector specialisation globally and in Europe. Mehmet’s experience in the sector, relationships and proven ability to build coverage are a strong extension of our existing TMET capability in Europe, the Middle East and Africa.”
Macquarie Capital’s TMET advisory team are currently advising on the landmark Singapore Technologies Telemedia agreed offer for Eircom Holdings, the owner of a controlling shareholding in the incumbent Irish telecommunication company. The offer values Eircom at an enterprise value of approximately €4 billion and the offer has been unanimously recommended by the Eircom Holdings board. This milestone transaction is a strong example of leveraging Macquarie Capital’s global platform.
Mr Abbasoglu’s appointment further extends the capability within Macquarie Capital’s European advisory team, and is another step in the continuing expansion of Macquarie’s European advisory and capital markets platform.