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Tom Mazza Partners With Transportation Booking Site - Limousine, Charter & Tour

Tom Mazza (L) recently became a partner in Limocart.com, led by co-founders Mesut Darendeli and Emin Kahyaoglu. (Photo by Ron Rennells)

LAS VEGAS — Chauffeured transportation dealmaker Tom Mazza cut an investment deal of his own recently, taking a 10% ownership stake in LIMOCART, an upstart online travel venture that he compares favorably to Expedia and Amazon. Mazza disclosed the deal last week on the trade show floor of the 2011 International LCT Show where LIMOCART executives staffed a vendor booth during the three-day Show. Mazza holds the titles of vice president and partner of Limocart.com, and plans to devote about 10 hours per week to the venture.

February 24, 2011
Published in Businessman

Comodo's CEO, Melih Abdulhayoglu named as Entrepreneur of the Year

Comodo, (www.comodo.com) a leading Internet security organization, announced today that its CEO, Melih Abdulhayoglu, has been named "Entrepreneur of the Year" at an awards gala held last night at the RSA Conference in San Francisco. He was chosen by an audience of security industry leaders and peers for his innovative technology in the area of Internet security.

More than 50 judges from a broad spectrum of industry voices from around the world participated and their average scores determined the 2011 Global Excellence Awards Finalists and Winners. Winners were announced during the awards dinner and presentation on February 16, 2011 in San Francisco attended by the finalists and judges. Award winners were selected from a group of finalists based on their dedicated use of innovative technologies to provide solutions for their customers' needs.

February 21, 2011
Published in Businessman

Philanthropic Turkish Businessman Dies in South Africa

Turkish businessman Ömer Erol (47), who devoted his life to charitable activities, passed away Sunday night in South Africa from a heart attack. Erol was diabetic. Erol moved to Johannesburg in 2006 and operated a textile store there. Speaking to Today’s Zaman on Monday, Ömer Erol’s close friend Orhan Şeker said they moved together to the African country. “We were friends for 25 years. He was very enthusiastic about charities. Wherever he saw any charitable activity, Erol was the first to sign up,” Şeker said.

February 15, 2011
Published in Businessman

Global Investment House Fund Buys 80% of Turkey's Bicakcilar

Global Capital Management Ltd., a buyout unit of Global Investment House of Kuwait, acquired 80 percent of Turkey’s Bicakcilar Tibbi Cihazlar AS, a medical equipment manufacturer, Global said.

Bicakcilar, based in Istanbul, is the second-biggest maker of catheters in Europe and exports its products to more than 70 countries, Global Investment House, a Kuwaiti investment company, said in an e-mailed statement today. Financial details of the agreement weren’t provided.

Turkey’s growing health-care industry has attracted investors including Abraaj Capital Ltd., the Middle East’s biggest private-equity firm, which bought 54 percent of hospital operator Acibadem Saglik Hizmetleri & Ticaret AS for about $606 million in 2007 and 2008. Carlyle Group, the world’s No. 2 private-equity firm, bought 40 percent of hospital operator Medical Park Saglik Grubu AS for an undisclosed price in 2009.

Universal Saglik Yatirimlari Holding AS, a Turkish chain of 18 hospitals, will complete the sale of a stake of unspecified size within a month, according to Daruma Corporate Finance, which is advising on the transaction.Source: Bloomberg