Quick Facts

Countries:
Where the impacts of the investment may be experienced.
  • Turkey
Banks:
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
  • European Bank for Reconstruction and Development (EBRD)
Status: Approved
Bank Risk Rating: B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Board Decision Date: 2016-07-20
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower or Client: TFI TAB Gida Yatirimlari A.S
The holder of the loan, grant, or other investment.
Sectors:
The service or industry focus of the investment. A project can have several sectors.
  • Industry and Trade
Investment Type(s): Equity
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD): $ 50.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD): $ 150.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.

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Primary Source

Original disclosure @ EBRD website
Updated in EWS: 2017-05-03
Disclosure Date: 2016-08-17
TFI TAB Gida Yatirimlari
EBRD-48420

Project Description
The EBRD invested US$ 50 million in preferred stock of Turkey-based TFI TAB Gida Yatirimlari A.S, the leading quick service restaurant operator in Turkey to expand their supply chain and roll out new restaurants. The Bank invested alongside Goldman Sachs and an investment vehicle advised by Credit Suisse Special Investments Group.
Investment Description
Turkey-based TFI TAB Gida Yatirimlari A.S (TFI) is incorporated in Turkey. TFI runs over 1,500 restaurants and is the largest Burger King master franchisee globally with exclusive operating rights in Turkey and China. In Turkey, the company operates five brands: Burger King, Popeyes, Sbarro, Arby's its own Usta Donerci. The company also owns and operates bread, potato and meat processing plants which are part of its supply chain.
Contact Information
Ekrem Ozer, Chief Financial Officer ekremozer@tabfoods.com + 90 212 310 48 99 Dikilitas 351; Mah. Emirhan Cad., No:109 Atakule, Besiktas, Istanbul, Turkey ACCOUNTABILITY MECHANISM OF EBRD The Project Complaint Mechanism (PCM) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an European Bank for Reconstruction and Development (EBRD)-financed project. If you submit a complaint to the PCM, it may assess compliance with EBRD's own policies and procedures to prevent harm to the environment or communities or it may assist you in resolving the problem that led to the complaint through a dialogue with those implementing the project. Additionally, the PCM has the authority to recommend a project be suspended in the event that harm is imminent. You can contact the PCM at pcm@ebrd.com or you can submit a complaint online using an online form, http://www.ebrd.com/eform/pcm/complaint_form?language=en. You can learn more about the PCM and how to file a complaint at http://www.ebrd.com/work-with-us/project-finance/project-complaint-mechanism.html.