Şevket Sabancı (1936 – 22 July 2021) was a Turkish billionaire businessman and

philanthropist Philanthropy is a form of altruism that consists of "private initiatives for the public good, focusing on quality of life". Philanthropy contrasts with business initiatives, which are private initiatives for private good, focusing on material ...

, and a second-generation member of the

Sabancı family The Sabancı family is one of the wealthiest families in Turkey. The family's main business entity was founded by Hacı Ömer Sabancı in the 1930s. Hacı Ömer Sabancı, the progenitor of the Sabancı family, moved from his native Kayseri to Ada ...

Biography

He was born 1936 in

Kayseri Kayseri () is a large List of cities in Turkey, city in Central Anatolia, Turkey, and the capital of Kayseri Province, Kayseri province. Historically known as Caesarea (Mazaca), Caesarea, it has been the historical capital of Cappadocia since anc ...

, Turkey, as the fourth son of

Hacı Ömer Sabancı Hacı Ömer Sabancı (1 January 1906 – 2 February 1966) was a Turkish entrepreneur, who founded a number of companies, which later formed the second largest industrial and financial conglomerate of Turkey, the Sabancı Holding. He initiat ...

, a self-made wealthy trader, and Sadıka. Şevket was educated in

textile engineering Textile manufacturing or textile engineering is a major industry. It is largely based on the conversion of fibre into yarn, then yarn into fabric. These are then dyed or printed, fabricated into cloth which is then converted into useful good ...

at the

University of Manchester Institute of Science and Technology The University of Manchester Institute of Science and Technology (UMIST) was a university based in the centre of the city of Manchester in England. It specialised in technical and scientific subjects and was a major centre for Research univer ...

(UMIST) in

England England is a Countries of the United Kingdom, country that is part of the United Kingdom. It is located on the island of Great Britain, of which it covers about 62%, and List of islands of England, more than 100 smaller adjacent islands. It ...

. Returning home, he worked at managerial positions in a number of textile companies owned by his family. After 1980, he went abroad to represent

Sabancı Holding Hacı Ömer Sabancı Holding A.Ş., commonly abbreviated as Sabancı Holding, is an industrial and financial conglomerate with headquarters in Istanbul, Turkey. The company's primary activities are in financial services, energy (electricity genera ...

. In 2000 Şevket Sabancı founded Esas Holding, which is today the largest alternative investment firm in Turkey, managing close to $10 billion. Şevket Sabancı was also a founding member of the Sabancı Foundation VakSA. He was married to Hayırlı Zerrin, with whom he has two daughters Emine Kamışlı, Sadıka Sabancı, and a son

Ali Sabancı Ali İsmail Sabancı (born May 5, 1969; Adana) is a Turkish businessperson and a third generation member of thSabancıFamily. He is the Chairperson of 'Esas Holding Education Ali Sabancı earned his M.B.A. degree with a major in International ...

. He died at the age of 85 on 22 July 2021.

Esas Holding

Esas Holding, the

family office A family office is a privately held company that handles investment management and wealth management for a wealthy family, generally one with at least $50–100 million in investable assets, with the goal being to effectively grow and transfer ...

of the Turkish billionaire and philanthropist Sevket Sabanci, was founded in 2000, and is led by his daughter Emine Sabancı Kamışlı and son Ali Sabanci. As of 2021, total assets under management are estimated at around $10 billion, making it the biggest single-family office in Turkey, and the largest alternative investment manager. Esas Holding is based in Istanbul, Turkey with an additional office in London. Direct investments and real estate development are key operating areas of the family office. Most of its direct investments are in Turkey and is made with a private equity strategy; the firm seeks to hold majority and minority stake with controlling rights, and seeks to invest for a period of between four years and six years. Some major investments of this division include Turkey's biggest low-cost carrier

Pegasus Airlines Pegasus Airlines () (), sometimes stylized as Flypgs, is a Turkish low-cost airline headquartered in the Kurtköy area of Pendik, Turkey, with bases at several Turkish airports. History Foundation and early years On 1 December 1989, two b ...

, Turkey's biggest Ro Ro company Un-Ro Ro, and Turkey's biggest sports club chain Mars Athletic. In 2016 Esas sold Cinemaximum, Turkey's biggest cinema chain, to the Korean cinema operator CGV for $800 million, and its snack business Peyman to London-based PE Fund

Bridgepoint Capital Bridgepoint Group plc is a British private investment company listed on the London Stock Exchange and is a constituent of the FTSE 250 Index. History Bridgepoint was founded as NatWest Equity Partners, a private equity firm part of NatWest. On ...

for $100 million. Esas Properties, the real estate division of Esas Holding, builds and operates shopping malls across Turkey. Property arm of Esas is also the most international division of the group, Esas Properties owns several office buildings and shopping malls in cities such as London, New York, Frankfurt, and Aberdeen.

References

External links

Biography at Sabancı Holding website
{{DEFAULTSORT:Sabanci, Sevket 1936 births 2021 deaths People from Talas, Turkey Sevket Sabanci Death in Istanbul Turkish businesspeople Turkish philanthropists Turkish billionaires Tarsus American College alumni Businesspeople from Adana Burials at Karacaahmet Cemetery Alumni of the University of Manchester Institute of Science and Technology