The European Bank for Reconstruction and Development (EBRD) has acquired a minority stake in Çağatay Evcil Hayvan Mamaları ve Yem Ürünleri San. ve Tic. A.Ş., a Turkish pet food producer, as part of an initiative to support the company’s growth and competitiveness. Çağatay produces high-quality dry pet food under its own brands, competing with global players in both domestic and export markets. The company has developed a strong direct-to-consumer e-commerce platform and exports to 55 countries.
EBRD is partnering with Turkven, a Türkiye-focused private equity firm, and the International Finance Corporation (IFC) to help Çağatay expand its production capacity, upgrade technological infrastructure, and realize its growth potential. The investment is expected to enhance the company’s competitiveness in the pet food sector while creating broader opportunities for its workforce and contributing to employment in the industry.
Wojtek Boniaszczuk, Head of Transactions in EBRD’s Food and Agribusiness team, emphasized that the investment aims to strengthen Çağatay as a competitive player in the sector. Turkven senior executive Aksel Şahin highlighted the company’s differentiated direct-to-consumer sales model and manufacturing capabilities, noting the potential to reach a wider customer base.
Since 2009, the EBRD has been a major investor in Türkiye, committing over €22 billion across 499 projects and trade finance limits, with a primary focus on supporting private sector growth.
