Valuation Research Global has announced the addition of Turkish valuation firm Denge Değerleme to its international network. This expansion brings VRG's established valuation services to Turkey through a firm with significant local expertise and regulatory standing, marking a strategic move into an important emerging market.
Denge Değerleme, founded in 2005, provides comprehensive valuation and advisory services across multiple asset classes including real estate, machinery, equipment, corporate assets, and insurance. The firm holds accreditation from the Royal Institution of Chartered Surveyors and authorization from both the Capital Markets Board of Turkey and the Banking Regulation and Supervision Agency. Additional recognition includes a Certificate of Excellence in Quality from The Socrates Committee in Oxford, UK.
The firm serves a diverse client base including banks, financial institutions, corporations, investors, and public entities with valuation solutions that meet both international and local regulatory standards. Denge Değerleme combines experienced appraisers, engineers, and financial professionals with advanced technological infrastructure to deliver high-volume, high-quality reporting. The firm is recognized for having Turkey's largest machinery and equipment appraisal team.
Leadership at Denge Değerleme includes Baki Budakoğlu as Chairman and Simla Budakoğlu Sönmezler as General Manager and Board Member. Cem Kurt, European Region Manager, serves as the primary contact for global inquiries and leads international collaborations. The firm operates 10 offices across Turkey and one in the Netherlands, employing 113 certified valuers and a full team exceeding 150 professionals. In 2024, Denge Değerleme completed nearly $40 billion USD worth of tangible fixed asset valuations. More information about the firm can be found at https://www.denge.com.tr.
VRG, formed in 1995, maintains a global network with over 1,500 professionals across member firms. The group provides expert and independent valuation opinions for business enterprises, intangible assets, real estate, and personal property, serving clients in more than 100 countries. VRG's international offices span five continents with nearly 50 locations across North, South and Central America, Europe, Asia, and Australia.
The addition of Denge Değerleme strengthens VRG's presence in a strategically important market while expanding the network's capacity to serve clients with complex international valuation needs. The partnership provides Turkish businesses with enhanced access to global valuation standards and expertise while offering VRG's international clients local market knowledge and regulatory compliance in Turkey. This development reflects the growing importance of cross-border business transactions and the need for valuation services that can navigate multiple regulatory environments while maintaining consistent quality standards.
For business leaders and investors operating in or considering the Turkish market, this partnership offers improved access to valuation services that meet both local regulatory requirements and international standards. The combination of Denge Değerleme's local expertise and VRG's global network creates a more integrated valuation ecosystem that can support increasingly complex international business transactions, mergers, acquisitions, and investment activities across borders.
