Valuation Research Global (VRG), a full-service, internationally connected valuation and advisory group, announced today that Turkey-based independent valuation firm Denge Değerleme has joined its network. This partnership marks a strategic expansion for VRG into the Turkish market, offering clients enhanced access to local expertise and international standards.
Founded in 2005, Denge Değerleme provides comprehensive valuation and advisory services across real estate, machinery, equipment, corporate assets, and insurance. The firm is accredited by the Royal Institution of Chartered Surveyors (RICS) and authorized by both the Capital Markets Board of Turkey and the Banking Regulation and Supervision Agency. It has also been honored with the Certificate of Excellence in Quality from The Socrates Committee in Oxford, UK. These credentials underscore Denge Değerleme's commitment to quality and adherence to rigorous professional standards.
Denge Değerleme has supported banks, financial institutions, corporations, investors, and public entities with reliable valuation solutions that meet international and local regulatory standards. The firm combines the expertise of seasoned appraisers, engineers, and financial professionals with advanced technological infrastructure to enable high-volume, high-quality reporting. Notably, it is recognized for having the largest machinery and equipment (M&E) appraisal team in Turkey.
Leadership at Denge Değerleme includes Baki Budakoğlu, Chairman, and Simla Budakoğlu Sönmezler, General Manager and Board Member. Cem Kurt, European Region Manager, serves as the primary contact for all global inquiries and leads international collaborations. The firm operates 10 offices across Turkey and one in the Netherlands, with 113 certified valuers and a total team of over 150 colleagues. In 2024, the firm completed nearly $40 billion USD worth of tangible fixed asset valuations, demonstrating its significant market presence.
More information about the firm can be found here.
VRG, formed in 1995, is a full-service, multi-national valuation and advisory services group. Its global network provides quality valuations and value-related services for the U.S. and international business communities. With over 1,500 professionals across member firms, VRG has an established reputation for providing expert and independent opinions of value for business enterprises, intangible assets, real estate, and personal property. Collectively, VRG professionals have served clients in more than 100 countries, with offices spanning five continents and nearly 50 locations across North, South and Central America, Europe, Asia, and Australia.
The addition of Denge Değerleme strengthens VRG's footprint in Europe and the Middle East, offering clients seamless cross-border valuation services backed by local knowledge and global expertise.
