Garanti Securities

Since its establishment, Garanti Securities has closed a total of 34 privatizations and 1 M&A transactions for both domestic and international clients. Garanti Securities led and co-led 41 and 76 equity offerings, respectively, and advised in offerings for 38 fixed-income securities. The total volume of corporate finance transactions performed to date has reached US$14.7 bn.

Garanti Securities led the privatization of Tupras in 2000 with a size of US$ 1.1 bn equity offering, which stood out as the biggest initial public offering (IPO) in Turkey until that date. Garanti Securities has also led the largest ever IPO in Turkey, the Turk Telecom offering in 2008 with a transaction volume of US$1.9 bn.

Other public offerings in which Garanti acted as lead manager are sole domestic bookrunner for the SPO of Migros with US$500 mn size; sole international bookrunner for the IPO of Bimeks with US$57 mn size; sole domestic bookrunner for the IPO of Bizim Toptan with US$250 mn size; IPO of TAV Airports with US$320 mn size; Akmerkez REIT with US$201 mn size; Dogus Automotive with US$172 mn size; and Ak Enerji with US$120 mn size.

Corporate Finance

As the leading securities house in Turkey, corporate finance transactions performed by Garanti Securities has reached US$14.7 bn.

Research and Institutional Sales

Portfolio recommendations of Garanti Securities’ experienced research team have outperformed the index returns by 54% in 2009. The team has an extensive and in-depth coverage of ISE-listed companies and produces research reports on macro economics and fixed income securities. The scope of coverage encompasses Turkey’s leading industries, including banking, telecoms, automotive, commodities and conglomerates. The research team provides periodical and daily updates with fundamental and technical analysis for stocks in its coverage to its domestic retail and institutional international clients. The research team also supports corporate finance projects such as IPOs, asset sales and M&A projects. The specialized department provides seamless execution to foreign investors’ orders for the ISE and the TURKDEX. As well as providing action-oriented and timely calls for clients, the department organizes regular road-shows for clients with representatives from top listed Turkish companies.

Brokerage Services

Garanti Securities offers brokerage services through its Domestic and International Capital Markets departments via Garanti Bank’s broad client base and branch network. Brokerage services are supported by the Research Department, which has an extensive track record and competence on preparing and publishing comprehensive reports on the Turkish macro economy, ISE-listed companies and investment recommendations.
Garanti Securities have been ranked as one of the top three companies, in terms of transaction volume on ISE, by reaching a market share of 6% in 2009 with an average daily volume of TL231 million. The total transaction volume of Garanti Securities during 2009 has reached the level of TL58 billion while serving 290,000 customers.

Besides the goal of remaining as one of the leaders and most reputable brands in the corporate finance and brokerage services sector by providing customer focused solutions; Garanti Securities have managed to establish in-depth experience through years, strong legislative knowledge and reputable relationships with regulatory bodies. Garanti Securities also aims to fully utilize the opportunities to be raised by the improvements in the economic environment and takes on the responsibility of contributing to Turkish economy by its initiations in attracting foreign direct investments and portfolio investments to Turkey.