Pioneering bold, new approaches to drive change.
Founded in 2014 with two desks and a singular vision that would prove the advent of a unique position in the investment profession, WSD Capital Management is now a global investment firm that has held to its original commitment to value investing, challenging convention, passion for competitiveness and the pursuit of organizational excellence.
2014WSD Capital Management foundedErtan Enginalev, a German-born Turkish-American investor and expert in mergers and acquisitions, establishes Turkey’s first activist investor and global investment firm — the result of a handshake deal six years in the making.
2015WSD Capital Management launches first public shareholder activist campaign in TurkeyDespite favorable business characteristics and compelling growth prospects, Akfen Holding — one of the largest industrial conglomerates in Turkey — underperformed both its peer group and the broader stock market since its IPO in 2010.
2015WSD Capital Management expands its international footprintThe firm’s global investment platform is further developed with investments in German-speaking European territories, the United Kingdom, Canada, and the United States.
2016WSD Capital Management portfolio company Akfen Holding completes buyoutAkfen Holding is taken private. The company generated a TSR of 134 percent following the publication of WSD Capital Management’s engagement, outperforming the BIST 100 Index by 135 percentage points despite challenging market conditions.
2017WSD Capital Management launches Benevolent Hostility ReviewBenevolent Hostility Review serves as a platform for original articles and podcasts by the firm’s investment team, highlighting issues of importance to business leaders and decision makers.