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Our team has the unique ability to both execute complex transactions and provide sound strategic and operational direction. Throughout our safe keeping,investment and other transformational processes we seek to best align our goals with those of our management teams and to work with our key managers to maximize our portfolio companies’ long-term potential.

In addition to the core bells investment and operating professionals, our team includes a broad network of technology-focused bankers, business leaders and consultants specifically trained to deliver bell's value creation processes.

News & Publications

THERE is much to make investors jittery about Turkey. It is becoming ever more involved in the chaos in neighbouring Syria (see article). The Kurdish insurgency in the east of the country appears to have restarted. Politicians are still wrangling over a coalition after an indecisive election in June. The country may be in for a period of unstable, short-lived government or even a fresh election. Worse, Turkey has long been identified as one of the most vulnerable emerging markets, with slowing growth, a large current-account deficit and high corporate dollar-denominated debt. It is little wonder that the lira has been one of the world’s weakest currencies this year.

Fans of the Justice and Development (AK) party and its longtime leader (now president), Recep Tayyip Erdogan, like to boast of its stellar economic record since first forming a government in 2002. It is true that, after the bumpy 1990s and the humiliating bust of 2001, which ended in an IMF bail-out, AK presided over a decade of strong growth with relatively low inflation. The banks are solid and well-capitalised, foreign investment has soared and Turkey has acquired an investment-grade credit rating from some agencies. The country is this year’s chair of the G20, a club of big economies, and Mr Erdogan wants it to be one of the world’s ten biggest economies by 2023 (it is 18th now).

The price of oil could be stuck firmly at around $50 a barrel by 2020, aGoldman Sachs analyst told CNBC, raising new fears about the energy companies that have already started to cut costs, projects and jobs to cope with falling revenues.

Several big oil and gas companies announced this week they intend to make cutbacks to stay afloat in this sinking environment. Royal Dutch Shell expects to cut 6,500 jobs, 6,000 for Centrica, and at Chevron, a 2 percent slash to its global workforce.

These measures were introduced while Brent crude and West Texas Intermediate (WTI) crude are trading around $53 and $48 a barrel respectively as the Organization of Petroleum Exporting Countries has kept its supply high – and process low – in its battle for market dominance over U.S. shale oil.

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