Valuation Research Global Expands European Presence with Turkish Firm Acquisition

Valuation Research Global (VRG) announced the addition of Turkish valuation firm Denge Değerleme to its international network, marking a strategic expansion into a key European and Middle Eastern market. The integration brings VRG's global professional count to over 1,500 across more than 100 countries, with Denge Değerleme contributing 113 certified valuers and a full team exceeding 150 colleagues operating from 10 Turkish offices and one Netherlands location.

The acquisition matters because Turkey represents a critical bridge between European and Asian markets, with growing international investment requiring sophisticated valuation services that meet both local regulatory standards and international expectations. Denge Değerleme's authorization by Turkey's Capital Markets Board and Banking Regulation and Supervision Agency, combined with its Royal Institution of Chartered Surveyors (RICS) accreditation, provides VRG clients with locally compliant expertise that maintains global quality standards. This is particularly important for multinational corporations and financial institutions navigating Turkey's complex regulatory environment while requiring valuation reports acceptable to international stakeholders.

Denge Değerleme's specialized capabilities in tangible asset valuation—having completed nearly $40 billion USD worth of fixed asset valuation in 2024—address a significant gap in cross-border business operations. The firm operates Turkey's largest machinery and equipment appraisal team, a critical resource for manufacturing, infrastructure, and industrial clients requiring accurate asset valuation for financing, mergers and acquisitions, and regulatory compliance. This expertise becomes increasingly valuable as global supply chains diversify and companies seek reliable valuation partners in emerging markets.

The firm's technological infrastructure enables high-volume, high-quality reporting that meets the demands of international clients requiring consistent methodologies across jurisdictions. Leadership under Chairman Baki Budakoğlu and General Manager Simla Budakoğlu Sönmezler brings two decades of local market experience since the firm's 2005 founding, while European Region Manager Cem Kurt facilitates international collaboration through VRG's established network. More information about the firm can be found at https://www.dengedegerleme.com.tr.

For global businesses, this expansion reduces valuation risk in Turkish transactions by providing access to professionals who understand both local market conditions and international valuation standards. The move strengthens VRG's position in a region experiencing increased foreign investment while giving Turkish companies better access to global valuation resources through VRG's network spanning five continents with nearly 50 office locations. As cross-border business activity increases, such strategic partnerships between international networks and locally expert firms become essential for accurate, compliant asset valuation that supports informed investment decisions.