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Portfolio
Serb
Serb
Pharma

Founded in Belgium in 1951, SERB is a fully-fledged specialty pharma group focused on complex niche medicines with unique expertise in biological products addressing critical care and rare conditions.

Co-Investment with: Charterhouse Capital Partners

Investment Date: 2023

Investment Status: Current

Sector: Pharma

Geography: Europe

Les Secrets de Loly
Les Secrets de Loly
Consumer and Retail
Consumer and Retail

Founded in France in 2009, Les Secrets de Loly is a brand of hair care products with natural ingredients dedicated to textured hair.

Co-Investment with: Quilvest Capital Partners

Co-Investment Date: 2022

Investment Status: Current

Sector: Consumer and Retail

Geography: Europe

Axplora
Axplora
Pharma
Pharma

Headquartered in Germany and France, Axplora is an active pharma ingredient manufacturer.

Co-Investment with: Bridgepoint

Investment Date: 2022

Investment Status: Current

Sector: Pharma

Geography: Europe

Symplr
Symplr
Healthcare
Healthcare

Founded in the US in 2006symplr is a leading healthcare SaaS platform offering mission critical software to hospitals & health systems.

Co-Investment with: Clearlake Capital

Investment Date: 2021

Investment Status: Current

Sector: Healthcare

Geography: North America

UrgentMED
UrgentMED
Healthcare
Healthcare

Founded in Los Angeles in 2007, UrgentMED is a leading independent operator of a network of urgent care clinics in Southern California.

Co-Investment with: Quilvest Capital Partners

Investment Date: 2021

Investment Status: Current

Sector: Healthcare

Geography: North America

Solenis
Solenis
Global
Global

Headquartered in the US, Solenis is a global manufacturer and distributor of chemicals and water treatment solutions.

Co-Investment with: Platinum Equity

Investment Date: 2021

Investment Status: Current

Sector: Industrials

Geography: Global

Velos IoT
Velos IoT
Europe
Europe

Headquartered in Jersey, Velos IoT (“Internet of Things”) is a leading global connectivity platform offering IoT solutions through its own proprietary software platform.

Co-Investment with: Perwyn

Investment Date: 2021

Investment Status: Current

Sector: Technology

Geography: Europe

Solem
Solem
Europe
Europe

Founded in France in 1984, Solem is a designer and assembler of connected devices focused on telecare, irrigation and pools.

Co-Investment with: Quilvest Capital Partners

Investment Date: 2021

Investment Status: Current

Sector: Technology

Geography: Europe

Minafin
Minafin
Europe
Europe

Founded in Belgium in 2005, Minafin is a provider of active pharmaceutical ingredients and fine chemicals.

Co-Investment with: Quilvest Capital Partners

Investment Date: 2021

Investment Status: Current

Sector: Pharma

Geography: Europe

ClearScore
ClearScore
Technology
Technology

Founded in the UK in 2014, ClearScore is a consumer finance technology platform.

Co-Investment with: Invus

Investment Date: 2021

Investment Status: Current

Sector: Technology

Geography: UK, South Africa, Australia

Cirkul
Cirkul
Consumer and Retail
Consumer and Retail

Headquartered in the US, Cirkul is an innovative CPG business focused on delivering products that make drinking water convenient, fun, delicious and personalizable.

Co-Investment with: SC Holdings

Investment Date: 2021 and 2022

Investment Status: Current

Sector: Consumer and Retail

Geography: North America

Athletic Greens
Athletic Greens
Consumer and Retail
Consumer and Retail

Founded in the US in 2010, Athletic Greens is a direct-to-consumer provider of multi-vitamins and superfoods.

Co-Investment with: SC Holdings

Investment Date: 2021

Investment Status: Current

Sector: Consumer and Retail

Geography: Global

Birkenstock
Birkenstock
Consumer and Retail
Consumer and Retail

Founded in Germany in 1774, Birkenstock is an iconic global shoe brand and manufacturer.

Co-Investment with: L Catterton

Investment Date: 2021

Investment Status: Current

Sector: Consumer and Retail

Geography: Global

Mediawan and Leonine
Mediawan and Leonine
Media
Media

Mediawan and Leonine is a global content production and distribution company.

Co-Investment with: KKR

Investment Date: 2020

Investment Status: Current

Sector: Media

Geography: Global

BT Blue
BT Blue
Business Services
Business Services

Founded in France in 2006, Blue is a B2B alternative telecom operator.

Co-Investment with: Quilvest Capital Partners

Investment Date: 2020

Investment Status: Current

Sector: Business Services

Geography: Europe

Bruin
Bruin
Sports and Media
Sports and Media

Founded in the US in 2015, Bruin is a global sports, entertainment, and media buy-and-build platform.

Direct Investment

Investment Date: 2020

Investment Status: Current

Sector: Sports and Media

Geography: Global

Tri-Imaging
Tri-Imaging
Healthcare
Healthcare

Founded in the US in 2013, Tri-Imaging Solutions is an integrated provider of parts and services to the diagnostic imaging equipment maintenance and repair market.

Co-Investment with: Quilvest Capital Partners

Investment Date: 2019

Investment Status: Current

Geography: Healthcare

Geography: North America

Transact
Transact
Technology
Technology

Founded in the US, Transact is a leading payment processing and campus engagement software provider.

Co-Investment with: Reverence Capital Partners

Investment Date: 2019

Investment Status: Current

Sector: Technology

Geography: North America

ByteDance
ByteDance
Technology
Technology

Founded in China in 2012, ByteDance is a global internet technology company.

Co-Investment with: KKR

Investment Date: 2018

Investment Status: Current

Sector: Technology

Geography: Global

Prospitalia
Prospitalia
Healthcare
Healthcare

Founded in Germany in 1993, Prospitalia is a healthcare services and technology platform for spend management and procurement.

Co-Investment with: Five Arrows Principle Investments

Investment Date: 2018

Investment Status: Current

Sector: Healthcare

Geography: Europe

Inspire Brands
Inspire Brands
Consumer and Retail
Consumer and Retail

Inspire Brands is a national, franchised fast casual restaurant chain in the US including brands such as Arby's, Buffalo Wild Wings, Sonic Drive-In, Jimmy John's, Mister Donut, Dunkin' Donuts and Baskin-Robbins.

Co-Investment with: Roark Capital Group

Investment Date: 2016

Investment Status: Current

Sector: Consumer and Retail

Geography: North America

Partial Exits
Hyperice
Hyperice
Consumer and Retail
Consumer and Retail

Founded in the US in 2010, Hyperice is a recovery technology company with products that enable users to warm up quicker, recover faster, and move better.

Co-Investment with: SC Holdings

Investment Date: 2020

Investment Status: Partial exit in 2023

Sector: Consumer and Retail

Headquarters: Global

CCC
CCC
Technology
Technology

Founded in the US in 1980, CCC is the provider of software solutions to automotive insurance market.

Co-Investment with: Advent International

Investment Date: 2017

Investment Status: Partial exit in 2021-22

Sector: Technology

Geography: North America

Pret Panera
Pret Panera
Consumer and Retail
Consumer and Retail

Pret Panera is a global restaurant platform operating leading and differentiated brands in the fast casual restaurant and coffee category: Pret a Manger, Panera Brands, Bagel Brands, Caribou Coffee and Espresso House.

Co-Investment with: JAB Consumer Fund II

Investment Date: 2021

Investment Status: Partial exit in 2021

Sector: Consumer and Retail

Geography: Global

JAB Consumer
JAB Consumer
Consumer and Retail
Consumer and Retail

JAB Consumer Fund is an investment vehicle focused on creating global drinks, restaurants and indulgence pstforms, including brands such as JDE, Keurig Dr. Pepper, Peet’s Coffee, Krispy Kreme and Pret a Manger and Panera Bread.

Investment alongside: JAB Holding

Investment Date: 2016

Investment Status: Partial exit in 2020-21

Sector: Consumer and Retail

Geography: Global

Select Exits
Phaidon
Phaidon
Business Services
Business Services

Founded in the UK in 2004, Phaidon is a global staffing business with multiple brands.

Co-Investment with: Quilvest Capital Partners

Investment Date: 2018

Investment Status: Full exit in 2022

Sector: Business Services

Geography: Global

EDH
EDH
Education
Education

Founded in France in 1961, EDH is a leading network of universities dedicated to communications, art and culture, graphics, design and journalism.

Co-Investment with: Quilvest Capital Partners

Investment Date: 2018

Investment Status: Full exit in 2022

Sector: Education

Geography: Europe

Lafayette
Lafayette
Consumer and Retail
Consumer and Retail

Founded in France in 2005, Lafayette is a disruptive, low-price network of pharmacies and optical stores.

Co-Investment with: Rothschild & Co

Investment Date: 2016

Investment Status: Full exit in 2022

Sector: Consumer and Retail

Geography: Europe

Cooper
Cooper
Pharma
Pharma

Founded in France in 2016, Cooper is a leading independent over-the-counter pan-European pharma company.

Co-Investment with: Charterhouse Capital Partners

Investment Date: 2016

Investment Status: Full exit in 2021

Sector: Pharma

Geography: Europe

Credit Karma
Credit Karma
Technology
Technology

Founded in the US in 2007, Credit Karma is a consumer finance technology platform.

Co-Investment with: Macquarie Capital

Investment Date: 2018

Investment Status: Full exit in 2020

Sector: Technology

Geograpgy: North America

Investment Committee
ALİ SABANCI
Chairperson Esas Holding

Ali Sabancı is Member of the Board of Pegasus Airlines and vice chairperson of Mars Sportif which are part of the Esas Private Equity portfolio. He also serves on the board of Esas Properties.

Ali is one of the co-founders of Esas Social, which was established to facilitate sustainable social investment. He focuses on increasing awareness of entrepreneurship in Turkey. As the president of the Young Entrepreneurs Board in the Union of Chambers and Commodity Exchanges of Turkey (TOBB), he has led successful projects including Angel Investing Legislation, Global Entrepreneurship Congress, G3 Forum, Global Entrepreneurship Week and TIM Innovation Week - Born Global. He is also an angel investor in more than 25 start-up companies.

Ali is a member of the Turkish American Business Association and the Turkish Family Business Association. In 2018 he was awarded the Légion d'Honneur by the French government for his contributions to economic relations between Turkey and France.

Ali Sabancı earned his M.B.A. degree with a major in International Finance from Columbia Business School and B.A. degree in Politics and Economics from Tufts University.

H. ÇAĞATAY ÖZDOĞRU
Member of the Board & CEO Esas Holding

Çağatay Özdoğru oversees all of Esas’ business segments including real estate, private equity, venture capital and wealth management, and serves on their investment committees. He is a board member of Esas Properties and various private equity portfolio companies including Pegasus Airlines, Mars Athletic, Korozo and Ayakkabı Dünyası.

Çağatay joined Esas Holding in 2005 as an executive board member. He played a major role in establishing Esas Private Equity where he served as CEO since 2010, until transitioning to his current role in 2019. He led a number of Esas’ private equity investments and exits of various portfolio companies including UN Ro-Ro, Mars Cinema Group and Peyman.

Previously, Çağatay was the president of IT & Telecommunications Investments at Sabancı Holding. Prior to that, he held various positions at France Telecom Group, where he last served as the executive vice president of the REEMEA region. He was also a member of the Global Operating Committee.

In 2020, Çağatay was appointed as the chairman of Turkey - France Business Council at DEIK (Foreign Economic Relations Council) and Independent Board Member of Fenerbahçe Football A.S in 2021. Çağatay is also a member of the Board of Directors at Tüsiad, Turkish Business & Industry Association as of April 2022. Previously, he served as the chairman of Turkey - Sweden Business Council and Turkey - Croatia Business Council, and board member of TBV (Turkey IT Foundation) and TUBISAD (Turkey IT Industry Association).

Çağatay Özdoğru earned his M.S. degree in Electrical Engineering from George Washington University, where he received the Hall of Fame Award for Alumni in 2016, and B.S. degree in Electronics and Telecommunications Engineering from Istanbul Technical University.

İPEK MUTLU
Managing Director & Head of International Private Equity

Ipek Mutlu leads Esas’ international private equity investments and is based in London. She is a member of the International Private Equity Investment Committee and serves on the board of Bruin Sports Capital and LP Advisory Committees of HQ Capital Co-investment Fund III and SC Holdings Fund II.

Prior to joining Esas in 2017, Ipek worked for Virgin Management, Richard Branson’s family office, in their Geneva and London offices. Previously, she was part of Blackstone’s Private Equity team in London. Before that, she worked for FTV Capital, a growth equity fund in New York. Ipek started her career as a business analyst in the Strategy and Corporate Finance Practice at Mckinsey’s New York office. 

Ipek Mutlu earned her M.B.A. degree from Harvard Business School and B.A. degree, cum laude, in Economics and Latin American Studies from Harvard University.

DAVID A. TANNER
Investment Committee Member

David Tanner joined Esas as an investment committee member of international private equity in 2020.

David is the Managing Director of Three Mile Capital, a private investment company. Previously, he served as the Managing Director of Arlon Group and Executive Vice President and a member of the Management Committee of Continental Grain Company. Prior to that, David was a Founder and Managing Principal of Quadrangle Group, Managing Director at Lazard Freres & Co. and Managing Principal at Lazard Capital Partners, and partner at Warburg Pincus. 

As an investor, David has invested in businesses at all stages of development across most sectors. He has served on the board of directors of numerous private and public companies in the US and Bermuda and currently serves on the boards of Northeast Bancorp, White Mountains Insurance Group Ltd. and Top Aces Corp (US).  He is also Chairman of the Board of the New York University School of Law, Trustee of New York University, Trustee of Central Synagogue, Director of Lawyers for Children, Director of The Carroll and Milton Petrie Foundation, Chair Emeritus of Montefiore Medicine Academic Health System and member of the Council on Foreign Relations.

David earned his J.D. from the New York University School of Law, Diploma of Economics from the London School of Economics and B.A. in history, with honors, from Princeton University.

DOMINIC SHORTHOUSE
Investment Committee Member

Dominic Shorthouse joined Esas as an investment committee member of international private equity in 2019.

Dominic is an active private investor based in London. Previously, he was the founder and managing partner of Englefield Capital, a mid-market private equity firm, from inception in 2001 until its sale in 2010 to the Brenninkmeijer family.  Prior to that, he was a partner at Warburg Pincus & Co. and co-head of Europe. He started his career at Morgan Stanley in London.

As an investor, Dominic has been involved in most sectors and invested in businesses at all stages of development. He has served on more than 50 boards in the UK, France, Germany, Denmark, Holland, Italy, Ireland, China and the US.  He is also the deputy chair of the Anna Freud Centre, a UK-based charity serving child and adolescent mental health.

Dominic Shorthouse earned his M.B.A. degree from Stanford Graduate School of Business and M.A. in Latin and Greek Literature and Philosophy from Oxford University.

Team
İPEK MUTLU
Managing Director & Head of International Private Equity

Ipek Mutlu leads Esas’ international private equity investments and is based in London. She is a member of the International Private Equity Investment Committee and serves on the board of Bruin Sports Capital and LP Advisory Committees of HQ Capital Co-investment Fund III and SC Holdings Fund II.

Prior to joining Esas in 2017, Ipek worked for Virgin Management, Richard Branson’s family office, in their Geneva and London offices. Previously, she was part of Blackstone’s Private Equity team in London. Before that, she worked for FTV Capital, a growth equity fund in New York. Ipek started her career as a business analyst in the Strategy and Corporate Finance Practice at Mckinsey’s New York office. 

Ipek Mutlu earned her M.B.A. degree from Harvard Business School and B.A. degree, cum laude, in Economics and Latin American Studies from Harvard University.

LUKA HABEK
Senior Investment Manager

Luka is involved in the sourcing, execution and monitoring of international private equity investments and is based in London.

Prior to joining Esas in 2020, Luka worked as an analyst at BNP Paribas Private Equity in Belgium where he focused on co-investments and fund investments across Europe. Previously, he was an analyst at Inpulse Investment Fund in Belgium and Poland. Luka started his career as a junior key account manager at L’Oréal in Croatia.

Luka Habek earned his M.S. degree in Financial Management from Vlerick Business School and B.A. degree, cum laude, in Business Administration from Zagreb School of Economics and Management.

BHIM SINGH
Investment Manager

Bhim is involved in the sourcing, execution and monitoring of international private equity investments and is based in London.

Prior to joining Esas in 2023, Bhim worked at Saranac Partners, a London-based multi-family office, where he focused on co-investments and fund investments globally. Bhim started his career in a boutique corporate finance firm, advising businesses on mid-market M&A and capital raising transactions across all sectors in Western Europe.

Bhim earned his BSc degree in Government & Economics from The London School of Economics.

TOM DARLEY
Associate

Tom is involved in the sourcing, execution and monitoring of international private equity investments and is based in London.

Prior to joining Esas in 2022, Tom worked at Jamieson Corporate Finance where he advised management teams in private equity backed transactions, working with companies across a range of sectors, geographies and sizes. Tom started his career at wealth management company Saunderson House.

Tom Darley earned his B.S. degree in Economics and Finance from the University of Exeter.

ESRA DEMİR
Investment Analyst

Esra is involved in the sourcing, execution and monitoring of international private equity investments and is based in London.

Prior to joining Esas in 2022, Esra worked at Forten, an early stage fintech start-up where she supported various functions with business development and analysis. Esra started her career as an analyst at Level39, an accelerator focused on the technology sector.

Esra Demir earned her B.S. degree in Economics and Mathematics from the University of California, San Diego.