Independent Financial Advisory
F&C Consulting delivers senior-led counsel on high-stakes transactions, capital structuring, and corporate transformation across Türkiye and international markets.
Why F&C Consulting
We combine the analytical rigor and transactional depth typically associated with global investment banks with the senior access, discretion, and focused attention that only an independent platform can provide.
Our principals have advised on transactions and mandates exceeding $2 billion in aggregate value. We are retained not for our brand, but for the caliber of our counsel, the independence of our judgment, and our ability to deliver in complex, high-pressure situations.
Unlike large advisory firms where senior partners originate and junior teams execute, at F&C Consulting every mandate is led and executed by the same senior professionals who are accountable for the outcome.
At a Glance
What We Do
Structuring bankable financing solutions for large-scale investments, aligning feasibility with sustainable capital structures and lender expectations.
End-to-end advisory on acquisitions, divestitures, and corporate combinations across domestic and cross-border mandates.
Supporting executive leadership through growth strategy, governance enhancement, and transformational decision processes.
Capital deployment advisory, valuation, partnership structuring, and investor engagement across domestic and international markets.
Creditor negotiations, refinancing strategy, financial recovery planning, and balance-sheet optimization for companies in transition.
Independent financial insight for government bodies and institutional stakeholders on investment planning and PPP frameworks.
Situations We Advise On
We are retained by boards, shareholders, and institutional decision-makers in situations where financial complexity, strategic sensitivity, and execution discipline converge.
Feasibility assessment, financing strategy, and execution planning for complex projects and infrastructure development across multiple jurisdictions and stakeholder groups.
Advising management and stakeholders during operational or financial distress to restore stability, renegotiate obligations, and establish a path to long-term viability.
Guiding companies entering new jurisdictions through regulatory navigation, local partner selection, operational platform design, and commercial strategy.
Designing optimal funding frameworks that balance equity, debt, and institutional financing requirements across the capital structure.
Advising on buy-side and sell-side transactions including target identification, valuation, due diligence, negotiation, and post-transaction integration.
Coordinating lenders, investors, sponsors, and public entities where competing interests require sophisticated alignment of financial and strategic objectives.
Every mandate is partner-led and executed with direct senior involvement. We deliver independent advice free from product conflicts, grounded in analytical discipline, discretion, and a long-term orientation toward our clients' interests.
We do not maintain trading desks, lending relationships, or asset management operations — our only business is advice, and our only interest is our client's outcome.
The Firm
Overview
F&C Consulting operates as an independent boutique advisory platform, delivering financial and strategic advice across complex transactions and projects.
The firm supports executive leadership and institutional stakeholders throughout the investment lifecycle — from strategy and structuring to implementation oversight and financial optimization.
Headquartered in İstanbul, the firm serves clients operating across Türkiye, Europe, the Middle East, and select emerging markets. Our advisory practice encompasses mergers and acquisitions, debt restructuring, project and infrastructure finance, corporate strategy, investment consulting, and institutional advisory.
Heritage
F&C Consulting was founded on a conviction that the most consequential financial decisions require advisory counsel that is independent, analytically rigorous, and delivered by experienced practitioners who remain personally accountable for the quality of their work.
The firm's founding principals bring decades of combined experience spanning senior executive roles within major Turkish industrial holding organizations, government advisory at the highest levels, academic leadership, investment banking, and cross-border advisory.
Since inception, F&C Consulting has advised on transactions and mandates exceeding $2 billion in aggregate value, establishing a track record across the infrastructure, energy, industrial, manufacturing, and financial services sectors.
Our Principles
Advice is provided free from conflicts of interest. We maintain no proprietary trading positions, lending relationships, or asset management operations. Client information is protected with the strictest confidence.
Clients work directly with experienced advisors who remain actively involved from origination through execution and completion. We do not delegate mandates to junior teams.
Every recommendation is grounded in rigorous financial modeling, thorough market analysis, and structured evaluation methodologies. We distinguish between opinion and analysis.
We build enduring client relationships through a focus on sustainable outcomes over transactional results. Many of our engagements are with clients we have advised across multiple mandates.
We advise with an acute awareness of implementation constraints. Our recommendations are designed to be executed, not merely presented.
Our Approach to Mandates
We begin each mandate with a thorough assessment of the client's strategic objectives, stakeholder landscape, and financial position — ensuring our advisory work is anchored in the client's reality.
We develop tailored financial models, strategic options analyses, and structured recommendations. We stress-test assumptions, model multiple scenarios, and present a clear decision framework.
A senior advisor remains the day-to-day point of contact, ensuring continuity of judgment and accountability. We coordinate with legal counsel, auditors, lenders, and other stakeholders as required.
We ensure that the transition from advisory to implementation is seamless, providing oversight support where needed and maintaining availability for post-transaction matters.
Geographic Reach
While headquartered in İstanbul, F&C Consulting's advisory practice extends across the broader region. The firm's principals maintain professional relationships and operational experience across European, Middle Eastern, and select emerging market jurisdictions.
Advisory
Each engagement draws on deep sectoral knowledge, rigorous analytical frameworks, and decades of cumulative transaction experience.
Over $1,000,000,000 in M&A transactions advised
We provide end-to-end advisory on acquisitions, divestitures, mergers, and corporate combinations for both buy-side and sell-side clients. Our M&A practice covers the full transaction lifecycle: from strategic rationale assessment and target identification through valuation, due diligence coordination, deal structuring, negotiation support, and post-transaction integration planning.
Our approach to M&A is grounded in a deep understanding of our clients' strategic objectives. We have particular experience in cross-border transactions involving Turkish and international counterparties, where cultural fluency, regulatory navigation, and multi-jurisdictional coordination are critical success factors.
Over $1,000,000,000 in restructuring mandates advised
We advise companies, shareholders, and creditors navigating financial distress, overleveraged balance sheets, and capital structure misalignment. Our restructuring practice encompasses debt optimization, refinancing strategy, lender negotiations, financial recovery planning, and balance-sheet stabilization.
Our advisors have guided clients through complex multi-creditor negotiations, covenant restructuring, debt-for-equity conversions, and comprehensive financial recovery programs. We work with management teams to develop realistic operating plans, creditor proposals, and sustainable capital structures.
We structure and advise on financing for infrastructure, industrial, and energy investments. Our project finance practice spans the full development cycle: feasibility assessment, financial modeling, capital structure optimization, lender coordination, risk allocation, and financial close management.
We have particular depth in advising sponsors and investors on projects with complex financing structures involving multiple lenders, development finance institutions, export credit agencies, and institutional co-investors.
We provide strategic advisory supporting executive leadership and boards of directors on growth strategy, governance enhancement, operational transformation, and organizational optimization.
We serve as a trusted external perspective for CEOs, boards, and shareholders who require independent, rigorous analysis to inform their most consequential decisions.
We advise investors and corporates on capital deployment, valuation, partnership structuring, and investment execution across domestic and international markets.
Whether advising a corporate on a strategic acquisition, supporting an investor evaluating a new market entry, or structuring a partnership between domestic and international counterparties, we bring a disciplined, independent perspective to capital allocation decisions.
We provide independent financial advisory services to government bodies, municipalities, development agencies, and institutional stakeholders. Our public sector practice covers investment planning, public-private partnership frameworks, institutional capital allocation, and policy-related financial analysis.
Drawing on the firm's direct experience in government advisory — including service at the highest levels of Turkish economic policymaking — we bring an understanding of both public sector decision-making processes and commercial realities.
We produce macro-economic and sectoral analysis supporting investment decisions, policy assessment, and long-term strategic planning. Our analytical capabilities are grounded in academic and applied research experience.
Our analysis is designed to be actionable — translating complex economic data and trends into clear implications for investment strategy, risk assessment, and corporate planning.
We provide independent oversight of development and implementation phases for complex projects, ensuring alignment between financial planning, operational execution, and stakeholder coordination.
Sector Coverage
Roads, ports, airports, rail, urban infrastructure, and public facilities
Power generation, renewables, oil and gas, mining, and resource extraction
Heavy industry, manufacturing, automotive, chemicals, and building materials
Banks, insurance, leasing, and non-bank financial institutions
Commercial and residential development, construction, and property investment
Government bodies, municipalities, development agencies, and sovereign entities
Transactions & Experience
Client identities and transaction details subject to confidentiality obligations. Values disclosed only where authorized.
Advised the shareholders of a Turkish industrial group on the evaluation, structuring, and negotiation of a cross-border acquisition involving a European manufacturing target. Scope included strategic rationale assessment, financial valuation, due diligence coordination, and deal structuring.
Advised a diversified holding company on the strategic assessment and divestiture of non-core industrial subsidiaries, including preparation of information memoranda, buyer identification, and negotiation support through financial close.
Advised a diversified industrial holding structure on comprehensive capital allocation strategy and restructuring initiatives aimed at strengthening financial sustainability and investment capacity. Scope included creditor negotiations, debt optimization, and development of a sustainable long-term capital structure.
Delivered restructuring advisory including debt optimization, creditor coordination, and financial recovery planning for an industrial manufacturing enterprise facing liquidity constraints and overleveraged balance-sheet conditions.
Supported financing structuring and feasibility development for infrastructure and energy investments involving multi-party financing arrangements, development finance institutions, and institutional stakeholders.
Advised on the financing of a greenfield industrial facility, including feasibility assessment, capital structure design, lender engagement, and financial close coordination across multiple financing parties.
Provided economic and financial evaluation services supporting regional development and institutional investment programs, including cost-benefit analysis, economic impact assessment, and investment prioritization frameworks.
Engaged by a public-sector entity to provide independent financial advisory on investment planning, capital allocation, and the evaluation of public-private partnership structures for infrastructure development.
Retained by the board of a family-owned holding company to conduct an independent review of corporate governance frameworks, strategic positioning, and organizational structure, resulting in recommendations adopted by the board.
Leadership
Every client engagement benefits from direct partner involvement and the collective depth of the leadership team.
Founder & Chairman
Dr. Mustafa Fethi Ağalar is a senior financial advisor and project finance specialist with extensive experience advising corporations, holding companies, and institutional stakeholders on investment structuring, financial governance, infrastructure finance, and corporate restructuring. He holds a PhD in Banking from İstanbul Ticaret Üniversitesi.
His career has spanned senior executive roles within major Turkish industrial holding organizations, where he contributed to financial strategy, governance, and investment oversight. He has served as Chairman or Vice Chairman on numerous corporate boards.
Dr. Ağalar served as Chairman of ETİBANK, one of Türkiye's significant state-owned banking and mining institutions, and for three years as a Special Economic Advisor to the Prime Minister of Türkiye.
He previously taught Economics at Boğaziçi University and currently serves as a Professor at İstanbul Ticaret Üniversitesi, where he offers Masters and Doctoral courses in Economics.
Director
Nedim Ağalar is a strategy and cross-border advisory specialist focused on international investment execution, market entry strategy, and operational structuring.
Born in London and a graduate of Robert College and Colgate University (International Relations, 2005), Nedim has built his career across New York, London, and Istanbul. He has supported foreign companies entering Türkiye and Turkish companies expanding internationally.
In 2021, he founded Kickoff Consulting, a Kadıköy-based advisory firm dedicated to two-way market expansion between Türkiye and international markets.
Director
Ebru Şatıroğlu is a legal and corporate advisory specialist with extensive experience advising corporations and institutional clients on commercial law, corporate governance, and regulatory compliance.
A member of the İstanbul Bar Association, she is the founder of Şatıroğlu Hukuk, a Kadıköy-based legal practice serving domestic and international clients across complex commercial and advisory mandates. She also serves on the advisory board of Ataşehir Adıgüzel Vocational School.
Head of Legal
Işıl Birinci is a corporate and finance lawyer specializing in transactional legal advisory, contract management, and regulatory compliance. She oversees all legal functions at F&C Consulting.
Her practice covers legal structuring of investment transactions, due diligence processes, corporate documentation, and stakeholder negotiations across financial advisory, restructuring, and M&A engagements.
Insights
Drawing on the firm's direct advisory experience and the academic research activities of our principals.
Periodic analysis of macroeconomic conditions, capital market developments, and investment climate trends in Türkiye and the broader region.
Industry-specific investment perspectives covering infrastructure, energy, industrial, and financial services sectors.
Analysis of legislative, regulatory, and policy developments affecting corporate activity, investment flows, and financial markets in Türkiye.
Thought leadership at the intersection of financial advisory, corporate governance, and strategic decision-making.
Selected publications and market commentaries will appear here.
To receive our published insights, please contact us at info@finconas.com.
Contact
For inquiries regarding advisory mandates, institutional engagement, or general information about F&C Consulting.
İstanbul, Türkiye
Email info@finconas.com
Website www.finconas.com
All inquiries are treated with strict confidentiality.
We typically respond within one business day.
Initial discussions are conducted on a no-obligation, confidential basis. Following an introductory meeting to understand the scope of the mandate, we provide a tailored engagement proposal outlining our recommended approach, team composition, timeline, and fee structure.