Valuation Research Global (VRG), a full-service, internationally connected group that specializes in valuations and value-related services, has announced the addition of Turkey-based independent valuation firm Denge Değerleme to its network. The move expands VRG's footprint in the region and bolsters its capacity to serve clients with comprehensive valuation solutions.
Founded in 2005, Denge Değerleme delivers a wide range of valuation and advisory services covering real estate, machinery and 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 received the Certificate of Excellence in Quality from The Socrates Committee in Oxford, UK, underscoring its commitment to high standards.
Denge Değerleme has a strong track record of supporting banks, financial institutions, corporations, investors, and public entities with reliable valuation solutions that comply with 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. It is recognized for having the largest machinery and equipment (M&E) appraisal team in Turkey.
Leadership at Denge Değerleme 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. 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, Denge Değerleme completed nearly $40 billion USD worth of tangible fixed asset valuations.
More information about Denge Değerleme can be found here.
VRG, formed in 1995, is a full-service, multi-national valuation and advisory services group. Its global network has been providing quality valuations and value-related services for the U.S. and international business communities. With over 1,500 professionals across its member firms, VRG has an established reputation for delivering 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 is expected to enhance VRG's ability to offer localized expertise combined with global reach, particularly in the Turkish market where demand for independent valuation services continues to grow. This strategic expansion aligns with VRG's mission to provide comprehensive, high-quality valuation services worldwide.
