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Business Finance
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About Besfin
Besfin is a corporate finance advisory firm specialized in Financial Advisory, Project Finance and M&A Advisory projects with a unique and innovative approach. Established in
2011 by Ferda Besli, Besfin provides advisory services to its broad customer base from a wide range of industries.
We aim to help our esteemed clients improve their company’s financial structure, stability and success in alliance with our Corporate Finance advisory services. Guided by the
goals of our customers and developed by our experienced team, we develop and execute strategic financial plans in order to provide financial stability, strength, value creation
and growth for our clients.
Besfin is one of the leading institutions in project finance advisory projects, specializing in timing and financing of investments
using innovative and scientific methods by an experienced team.
We provide advisory services for our buy/sell-side clients focusing on leading transaction processes, identifying potential
investors/targets; advising on M&A transactions, valuation projects, acquisition/sale strategies and other related topics.
We help our clients in determining strategic, operational and financial targets and preparing detailed budget and proforma
financial tables in order to increase rating of the companies and strengthen balance sheets. Also, we analyze liquidity
problems and provide customized solutions for a healthier financial and operational structure.
Project Finance
M&A Advisory
Financial Advisory
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Financial Advisory
Financial Check-UpFinancial Management, Planning and
LoansFinancial Restructuring
Revaluation, working capital management,
asset sales, etc. methods to increase the debt
service capacity
Capital increase, reduction of financial
expenses and improvement of debt ratios
Preparation of short and long term business
plan
Preparation of budget, pro-forma cash flow,
balance sheet and income statement and
determination of key financial ratios
Managing bank relationships, determination of
credit limit, risk and other credit performance
indicators
Managing the foreign exchange risk and setting
the targets
Assessment of financial situation, analysis of
financial debts and determination of
development areas
Determination of Key Performance Indicators
(KPI) and creating corporate strategy
Market, trend and competition analysis,
current situation and future outlook
Preparation of growth plans with alternative
scenarios
Determination of potential problems or
opportunities by conducting financial and
operational analysis of companies
Besfin's main principle is to provide high quality financial consulting services to its corporate clients. It helps its clients determine and implement their strategic, operational and
financial objectives to meet their strategic goals, ideal financing terms of the investments, financial flexibility and power, and readiness for the changes that may occur in the
economy. Besfin leads its clients in the efficient use of detailed budget and pro-forma financial statements and company resources. We provide services to many companies
operating in different sectors on the following issues.
Determining targets such as preparing cash flow,
planning short-term payments, reducing costs and
establishing long-term bank relationships for
company continuity
Analysis of alternative solutions for the
determination of financial and operational actions-
methods, creation of model and business plan,
asset evaluation, resource exploration and
productivity analysis and solution of financial
problems
Analysis and planning of financial debts according
to new business plan, negotiation of financial
debts with banks and other financial institutions,
implementation of cost, product, market and
competition strategies within the scope of new
business plan
Finalizing negotiations on financial debts,
organizing bank credit limits, monitoring
operational and strategic changes/developments
according to new business plan
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Project Finance Advisory
Stage I Stage II Stage III
I. Financial modelling of the investment for different
scenarios
II. Assessment of optimal financing structure for the project
I. Setting up the amount, maturity, payment maturity and
guarantee structure of the investment
II. Preparing Information Memorandum (in Turkish and
English) for creditor institutions
I. Specifying the optimal credit institutions for the IM
document and investment details to be shared
II. Managing the financing process comprise of term sheets’
assessment and other stages by encouraging competition
among credit institutions
Besfin, since 2011, acted as lead
financial advisor for the financing of
approximately 1,2 bn USD for more than
20 projects with total investment amount
exceeding 5,0 bn USD with its qualified
employees, broad sectoral network and
experience.
In the context of investment projects’ analysis and financial modelling, at Besfin we examine and analyze investment projects of our clients for various scenarios, assess the
financial risks that may the client encounter at various stages of the project and work on the many solutions to prevent these risks. The financial infrastructure of the Project is
analyzed in a systematic way and then the results of the analysis is formatted and shared with the clients so that it can be presented to the financial institutions and potential
investors. Project finance advisory comprises of 3 main stages stated below;
Sectoral Breakdown of Project Finance Advisory and Total
Investment Amount (mn USD)
Sectoral Breakdown of Projects and Finance Amounts (mn USD)
Sector Year Investment
Amount (mn USD)
Project Finance
Amount (mn USD)Stage
Real Estate 2013 1.200 250 Closed
M&A Financing 2013 20 20 Closed
Tourism 2013 10 5 Closed
Real Estate 2014 150 125 Closed
M&A Financing 2014 125 100 Closed
Energy 2014 75 40 Closed
Tourism 2014 10 5 Closed
Real Estate 2016 1.200 140 Closed
Tourism 2016 750 125 Closed
Energy 2016 50 40 Closed
Industry 2016 710 150 Closed
Industry 2016 20 15 Closed
Energy 2017 100 64 Ongoing
Energy 2017 80 110 Ongoing
Real Estate 2017 250 30 Ongoing
Infrastructure 2017 500 200 Ongoing
Mergers and Acquisitions (M&A) Advisory
We provide strategic solutions to our clients’ demands with our customized approach, close relationships with our customers and broad network in the following segments:
transaction advisory, valuation and strategic due diligence. We provide M&A advisory services with our customer-oriented approach to our business partners in
transaction preparation, execution and post integration considerations; tailored solutions by our dynamic and experienced team; strategy and long-term business planning
solutions.
Besfin provides
advisory services to MidMarket clients with a
customer oriented approach, experienced team and strong business
network.
Selected Industry Profile
I. Strategic planning and drafting of marketing documents in order to initiate the
process.
II. Identifying and contacting potential investors/targets, preparation and assessment
of non-binding offers during the marketing and negotiation stage.
III. Professional advisory services during the due diligence process
IV. Final negotiations and SPA preparation/finalization, transaction closing
Three of the most commonly used valuation methodologies in Corporate Finance are
used by our experienced team:
I. Discounted Cash Flow Analysis (DCF)
II. Comparable Companies (Trading Multiples) Analysis
III. Historical M&A (Transaction Comps) Analysis
Also, our team of experienced professionals can use other Corporate Finance
valuation methodologies.
We provide strategic solutions to our clients M&A related questions and demands.
Our focus is on providing information on the M&A processes, inorganic growth
opportunities for funding needs and long-term planning.
Transaction Advisory
Valuation
Strategic Due Diligence
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References
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References
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Ferda Besli is the founder and managing partner of Besfin. Mr. Besli, a graduate
of the Faculty of Economics of Istanbul University, earned the title of inspector in
1989. He has served as an Internal Auditor and Branch Manager at Akbank
T.A.Ş. , followed by his post as Manager in charge of Corporate Banking and
Senior Vice President in charge of Commercial Banking. In 2006, he was
appointed as Executive Vice President in charge of Commercial Banking. Mr.
Besli served as Executive Vice President of Commercial and SME-Banking of
Akbank T.A.S after 2010. He also served as a member of the Preliminary and
Asset-Liability Committees of the Bank. After his retirement in 2011, he
established Besfin.
When working at Akbank, Besli engaged in an internship at Deutsche Bank, one
of the worldwide leading financial institutions. Also he was participated in
“Customer Focused Marketing Strategy” at London Business School.
Mr. Besli took actively part in the meetings in Barcelona and Brussels where the
working group examined practical avenues to improve access by micro, small
and medium-sized enterprises (MSMEs) to financing in the region. Having
experience on project financing, strategic marketing, debt management and
financial institution relations, Mr. Besli is a member of The World Future
Society(WFS), Chatham House and many other social organizations.
Nihan Tarmur graduated from Boğaziçi University, Department of Chemistry in
1994 and graduated from Marmara University Institute of Social Sciences,
Master of Accountancy Finance program between 2007 and 2009 and
completed the Business Certificate Program of Georgetown University between
2003-2004.
She started her banking career with Yapı ve Kredi Bank MT program in 1994.
Until 2003, she continued to work in Corporate Banking Head Office and
Esentepe Corporate Branch as unit director and portfolio manager. Between
2004 and 2007, she worked as a branch manager under Commercial Banking
Management and between 2007 and 2010 as Corporate Banking Management
Sales and Credit Support Director. After 2010, Yapı ve Kredi Bank A.Ş. has been
involved in a number of projects in the area of Structured Trade and Export
financing linked to Unicredit group Banks. In the last group, Unicredit Menkul
Değerler A.Ş. she served as the Corporate Sales Director within the company.
She also served as the Sales and Marketing Group Manager in Corporate /
Commercial Banking management Between 2012 and 2016, ABank A.Ş. Tarmur
joined Besfin as the Corporate Finance Director in 2016 and is also a specialist
in project financing, foreign trade and cash management.
Yıldız Berney started her banking career in 1988 at Yapı ve Kredi Bank. After
Interbank, she served as branch manager at Körfezbank, Kentbank and TEB.
Since 2004, she served as a branch manager at 5 different branches of Akbank
İzmir, which 4 of them are commercial branches.
Yıldız Berney graduated from the Department of Business Administration of 9
Eylül University and completed her master's degree in the same university and
department. Throughout her banking career, she directed an average of over
600 customer portfolios as branch manager. In 2011, Akbank AOSB Branch won
the most successful branch award as the Commercial Branch Manager. In
addition, in 2012 with the Izmir Commercial Branch won the best commercial
branch award in the field of customer satisfaction.
Yıldız Berney joined Besfin in October 2016.
Nihan Tarmur
Director
Yıldız Berney
Manager
Ferda Besli
CEO
Our Team
Anıl Birinci
Associate
Anıl Birinci graduated from Middle East Technical University with a Bachelor of
Science degree in Economics. He joined Besfin in July 2015 and is currently
working as a Corporate Finance Analyst.
His finance career started at Deloitte, İstanbul as Intern Auditor in July 2012. In
August 2013, worked as Intern Advisor in EY Advisory department. During his
university education, Anıl participated several training program such as Capital
Market Board Trainee, PwC Business Class Junior Program, EY Young Tax
Professional of The Year.
Anıl serves for Besfin focusing on financial modelling, valuation, analysis,
research, and M&A.
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Ali Enver Arslan
Analyst
Our Team
Derya Tören
Analyst
derya.tö[email protected]
Selen Uruk Güngör who joined Besfin in June 2015, graduated from Mimar
Sinan Fine Arts University, Department of Mathematics in 2013. She also
completed Anadolu University, Economics programme. In 2014, she started
Finance master programme in Istanbul University.
Selen worked at Agis Zorgverzekeringen as an intern in 2012. And after
graduation she participated in n11.com as an E-commerce intern.
She serves for Besfin focusing on financial modelling, valuation, analysis,
research, and M&A.
Selen Uruk Güngör
AnalystAli Enver Arslan graduated from Middle East Technical University, Department of
Economics in 2014.
During his university education, Ali did an internship in Turkish Airlines in August
2012. In the same year, he did another internship at Halk Bank on SME Loans.
In August 2013, Ali joined the Organic Agriculture Cluster Project at United
Nations Development Programme (UNDP) as an intern. Ali also gained
experience in public relations field for a brief period.
He serves for Besfin focusing on financial modelling, valuation, analysis,
research, and M&A.
Derya Tören graduated from Galatasaray University with a Bachelor of Science
degree in Mathematics. She joined Besfin in 2016 and is currently working as a
Corporate Finance Analyst.
Her finance career started at Garanti Bank, İstanbul as intern in June 2012. In
May 2014, worked as intern in Doğan Online Finance department. She
continued as a finance intern at Estee Lauder in 2014. And she did intership at
Michelin Network Sales Department. .After graduation she participated in Zorlu
Property Group as a Marketing Assistant Specialist.
Derya serves for Besfin focusing on financial modelling, valuation, analysis,
research, and M&A.
Suzan Bekçi
Analyst
Suzan Bekci graduated from Bogazici University with a Bachelors degree in
Business Administration in 2012. She worked for Citi Turkey as credit analyst
from 2012 to 2014. She later got her masters degree in Finance&Accounting
from London School of Economics with Merit Degree in 2015.
Suzan joined Besfin in September 2016 and is currently working as a Corporate
Finance Analyst.
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Deniz Besli is a graduate of Istanbul Technical University and State University of
New York.
Deniz Besli, who made her first step in the field of finance in Ernst & Young
Corporate Finance Services, participated in many training and seminars such as
Global Economic Prospects and Islamic Finance Conference within the World
Bank.
Joining Besfin in 2016, Deniz Besli continues to work on financial analysis and
financial modeling.
Our Team
Çağrı Kaan Yıldız
Analyst
Deniz Besli
Analyst
Doruk Çanga
Analyst
Çağrı Kaan Yıldız graduated from Bogazici University with a bachelors degree
in Business Administration in 2016.
After starting his finance career as an intern in central branch of Finansbank in
2015 , he also worked as an intern in finance department of Eczacibasi, and
completed audit internship in PwC.
Kaan has been working as a corporate finance analyst since he joined Besfin in
2017.
Doruk Çanga who joined Besfin in 2017, graduated from Galatasaray High
School in 2012 and from Boğaziçi University with Bachelor of Arts degree in
Management in 2017.
He worked as Part-Time Pricing Analyst in Asset and Liability Management and
Treasury Department of Turkish Economy Bank in 2015. In 2016, after working
in PwC as Transaction Services Intern in August, worked as Sales Development
Long Term Intern in Çelik Motor.
Doruk is currently working as a Corporate Finance Analyst.
Besfin Financial Services and
Consultancy Co.
Tel: +90 212 609 83 50
Faks: +90 212 609 83 49
Eclipse Business C Blok No:13
Maslak Mh. Akasya Sk.
Sarıyer, İstanbul
www.besfin.com
Business Finance
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