RePie Investment Holding has acquired a 42.24% stake in TGS Dış Ticaret, one of the leading players in Turkey’s foreign trade sector, for $19 million. The transaction was carried out jointly with its affiliates RePie Portföy and RePie GSYO, along with Tera GSYO and Bulls GSYO. TGS ranked as Turkey’s sixth-largest exporter in 2024, with an export volume of $2.53 billion. The investment aims to expand TGS’s range of products and services and increase its customer base.
Focused on investing in high-leverage sectors, RePie Investment Holding has made yet another strategic acquisition. Alongside the funds managed by RePie Portföy, the company acquired 42.24% of TGS Dış Ticaret (TGS)—a key player in Turkey’s foreign trade capital sector—in collaboration with RePie GSYO, Tera GSYO, and Bulls GSYO, for a total of $19 million.
According to the share transfer agreement disclosed via the Public Disclosure Platform (KAP), RePie Portföy and RePie GSYO will jointly hold a 30.6% stake, becoming the largest shareholders. Tera GSYO will hold 6.7%, and Bulls GSYO 5.0%. TGS, traded on Borsa Istanbul under the ticker TGSAS, has a public float rate of 57.7%. The completion of the sale is subject to approval by the Turkish Competition Authority and other legal requirements.
Founded 25 years ago, TGS was ranked the 6th largest goods exporter in Turkey in 2024, earning recognition for its performance. Consistently listed among Turkey’s top 10 exporters, the company currently provides intermediary services to nearly 300 exporters.
Investing in the Future of Foreign Trade
Commenting on the acquisition, RePie Investment Holding Chairman Dr. M. Emre Çamlıbel stated:
“We are going through a period of heightened global uncertainty. Yet we have the reflexes to spot opportunity in this complex equation. This year, we took a significant step by establishing RePie Investment Holding. The inclusion of a company like TGS, which serves as a financial backbone of Turkey’s export sector, goes beyond being operational—it represents a strategic alignment with our ecosystem.”
Çamlıbel added:
“The acceleration of foreign trade and empowerment of exporters play a critical role in ensuring the sustainable growth of the national economy. TGS’s well-established expertise, service quality, and financial discipline will make meaningful contributions to RePie Investment Holding’s growth vision. With a client base that includes companies from the apparel, leather goods, and automotive industries, we aim to enhance TGS’s value-added offerings and expand its customer network.”
Ali Tanrıverdi, Co-Founder of TGS, shared:
“I’m truly pleased to witness a new milestone in the corporate journey of TGS, a company I founded 26 years ago and which has become a sector leader. I’m delighted to continue contributing as the company’s Senior Advisor in this new chapter. I’m confident that, with its strengthened capital and new shareholder structure, TGS will achieve even greater success and further elevate Turkey’s export potential.”
TGS Recorded $2.53 Billion in Exports in 2024
In 2024, TGS achieved $2.53 billion in export volume and announced a net profit of TRY 88.3 million by year-end. In Q1 2025, its exports reached $690 million—a 62% increase compared to the same period last year. As of the end of Q1, the company’s total assets stood at TRY 25.6 billion.
TGS stands out with its business model offering financial and bureaucratic solutions that ease the burden on exporters. With advantages such as load-bearing benefits, fast refund systems, a structure free from bank guarantee obligations, and Eximbank support, the company contributes significantly to accelerating foreign trade and strengthening the financing cycle for exporters.
In line with RePie Investment Holding’s vision for digitalization and globalization, TGS plans to further expand its services with software-based solutions that streamline bureaucratic processes.
RePie Investment Holding Prepares for IPO
RePie Investment Holding continues to make headlines with its subsidiaries in key sectors such as finance, fintech, media, and software. Having applied for an IPO, the holding aims to expand further by investing in energy, mining, hospitality, and real estate.
Public Disclosure on KAP
In its official statement on the Public Disclosure Platform (KAP), RePie announced:
“An agreement has been reached for the acquisition of 120,000,000 Class A and 513,705,000 Class B shares—representing 42.24% of TGS Dış Ticaret A.Ş.’s (TGSAS) paid-in capital of TRY 15 million—held by shareholders Ali Tanrıverdi, Burak Tanrıverdi, and Çağla Polat (‘Sellers’), for a total purchase price of USD 19 million. The shares will be acquired as follows: 4.45% by RePie Venture Capital Investment Trust Inc. (66,705,789.47 shares), 26.12% by RePie Asset Management Inc. and its Discretionary Portfolio Management Clients (391,896,513.16 shares), 6.67% by Tera Venture Capital Investment Trust Inc. (100,058,684.21 shares), and 5.0% by Bulls Venture Capital Investment Trust Inc. (75,044,013.16 shares). The Share Transfer Agreement was signed on August 4, 2025.”
