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, expanding its European footprint with a company that completed nearly $40 billion in tangible fixed asset valuations in 2024. The acquisition provides VRG with enhanced capabilities in the Turkish market and strengthens its position across Europe and the Middle East through Denge Değerleme's extensive local expertise and regulatory approvals.

Denge Değerleme brings significant valuation experience across multiple asset classes including real estate, machinery, equipment, corporate assets, and insurance. Founded in 2005, the firm operates with 113 certified valuers and a total team of over 150 professionals across 10 offices in Turkey and one in the Netherlands. The firm's leadership includes Chairman Baki Budakoğlu and General Manager Simla Budakoğlu Sönmezler, with Cem Kurt serving as European Region Manager and primary contact for international collaborations.

The Turkish firm's credentials include accreditation from the Royal Institution of Chartered Surveyors (RICS) and authorization from both the Capital Markets Board of Turkey and the Banking Regulation and Supervision Agency. Denge Değerleme also received the Certificate of Excellence in Quality from The Socrates Committee in Oxford, UK, recognizing its commitment to international standards. The firm has developed particular expertise in machinery and equipment appraisal, maintaining what it describes as the largest M&E appraisal team in Turkey.

VRG's expansion into Turkey through this partnership addresses growing demand for valuation services in emerging markets and provides multinational clients with local expertise that meets both international and Turkish regulatory requirements. Denge Değerleme has established relationships with banks, financial institutions, corporations, investors, and public entities throughout Turkey, offering valuation solutions that combine traditional appraisal methods with advanced technological infrastructure for high-volume, quality reporting.

The strategic addition enhances VRG's global network, which now spans five continents with nearly 50 office locations and over 1,500 professionals serving clients in more than 100 countries. More information about the firm can be found at https://www.dengedegerleme.com.tr. VRG, formed in 1995, provides valuation and advisory services for business enterprises, intangible assets, real estate, and personal property through its international network of member firms.