Valuation Research Global (VRG) announced that Turkey-based independent valuation firm Denge Değerleme has joined its international network. This expansion enhances VRG's global valuation capabilities and regulatory compliance across multiple industries.
Denge Değerleme, founded in 2005, 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 also received the Certificate of Excellence in Quality from The Socrates Committee in Oxford, UK.
The firm has supported banks, financial institutions, corporations, investors, and public entities with reliable valuation solutions meeting international and local regulatory standards. Denge Değerleme combines expertise from seasoned appraisers, engineers, and financial professionals with advanced technological infrastructure to enable high-volume, high-quality reporting. The firm is recognized for having the largest machinery and equipment appraisal team in Turkey.
Leadership includes Baki Budakoğlu as Chairman and Simla Budakoğlu Sönmezler as General Manager and Board Member. Cem Kurt, European Region Manager, serves as the primary contact for global inquiries and leads international collaborations.
Denge Değerleme operates 10 offices across Turkey and one in the Netherlands, employing 113 certified valuers and over 150 total colleagues. In 2024, the firm completed nearly $40 billion USD worth of tangible fixed asset valuation. More information about the firm can be found at https://www.dengedegerleme.com.tr.
VRG, formed in 1995, is a full-service, multi-national valuation and advisory services group with over 1,500 professionals across its member firms. The network provides expert and independent opinions of value for business enterprises, intangible assets, real estate, and personal property, serving clients in more than 100 countries. VRG's international offices span five continents with nearly 50 office locations across North, South and Central America, Europe, Asia, and Australia.
This expansion matters because it strengthens global valuation standards and regulatory compliance during a period of increasing international business complexity. The addition provides VRG clients with enhanced access to Turkish and European markets while offering Denge Değerleme clients connections to VRG's global network. For industries requiring cross-border valuations, this collaboration ensures consistent methodologies and regulatory adherence across jurisdictions.
The implications extend to financial institutions, corporations, and investors operating internationally who require reliable asset valuations for transactions, regulatory compliance, and financial reporting. With Turkey's strategic position bridging Europe and Asia, this partnership facilitates more accurate valuations for assets and businesses operating across multiple regions. The combined expertise addresses growing demand for standardized valuation practices in emerging markets while maintaining local regulatory knowledge.
