Cevdet Caner

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Cevdet Caner is a Kurdish-Austrian real estate entrepreneur. He is chief executive of Aggregate Holdings.[1] He is resident in Monaco.[2]

Early life and education[edit]

Caner is the youngest of seven children of immigrants from Turkey. He grew up in Linz,[3] where he attended high school and graduated in 1994.[4]

Caner was active in youth politics, serving as president of the Socialist Youth Austria (SJÖ) in Linz. He founded his first company, CLC, while studying business administration.[5] He left university without a degree after starting the company.[6][7]

Career[edit]

In 1997, Caner founded Call & Logistik Center GesmbH (CLC) and became its managing director.[5][6] In 2001, he listed CLC on the Vienna Stock Exchange with a turnover of EUR 34 million.[8] CLC then took over the larger call centre group Camelot.[9] Caner sold his shares and left the company three years later.[6]

In 2005, Cevdet Caner founded the real estate holding company Level One, registered on the Channel Island of Jersey.[6] By 2008, the portfolio had grown to around 28,000 residential units with a total value of 1.85 billion euros.[6] Credit Suisse, JP Morgan, Royal Bank of Scotland and other British firms invested into Level One.[10] Credit Suisse, the largest lender, approved a total of €1.3 billion in loans to Level One, and also served as leading bank for the IPO planned for March 2007.[10] This IPO was postponed, and the second attempt was foiled by the subprime crisis.[10] In 2008, the real estate group filed for bankruptcy for its German property companies.[11] Caner's £20 million London property was repossessed in 2009, the largest property repossession in British history at that time.[5]

In 2022, Caner became shareholder and CEO of Aggregate Holdings SA.[1]

References[edit]

  1. ^ a b Henning, Eyk; Casiraghi, Luca (2022-07-04). "Caner Takes Stake in Adler's Investor Aggregate, Becomes CEO". Bloomberg.com. Retrieved 2023-05-02.
  2. ^ O'Murchu, Cynthia; Smith, Robert (2021-10-29). "Villain or victim? The mysterious Mr Caner steps out of the shadows". Financial Times. Retrieved 2023-05-02.
  3. ^ Laura Benitez (8 October 2021). "Tycoon Behind a Crisis-Era Property Crash Now Sits on a $9 Billion Debt Mountain". bloomberg.com. Retrieved 16 May 2024.
  4. ^ Thomas Hirschbiegel (12 May 2024). "Holsten-Areal weiter ein Ruinenfeld: Auf den Spuren des Pleite-Investors". mopo.de. Retrieved 16 May 2024.
  5. ^ a b c Hughes, Mark (2009-06-14). "Tycoon hit by a £20m repossession". The Independent. Retrieved 2023-05-02.
  6. ^ a b c d e Scheller, Kerstin. "Vom Linzer Jung-Sozi zum Immobilienhai". DER STANDARD (in Austrian German). Retrieved 2023-05-02.
  7. ^ Andreas Wassermann (14 June 2009). "Das Ende einer Heuschrecke". spiegel.de. Retrieved 16 May 2024.
  8. ^ "CLC AG". wienerborse.at. Archived from the original on 1 December 2009. Retrieved 16 May 2024.
  9. ^ Klähn, Andreas (16 November 2011). "Call-Center-Spezialist Camelot von österreichischer Firma übernommen - WELT". DIE WELT (in German). Retrieved 2023-05-02.
  10. ^ a b c "Österreicher Cevdet Caner bringt Credit Suisse in Probleme | boerse-express.com". web-archive-org.translate.goog. 2016-12-20. Retrieved 2023-05-02.
  11. ^ Haimann, Richard; Schwaldt, Norbert (27 August 2017). "Immobilien : Riesenpleite auf dem deutschen Wohnungsmarkt - WELT". DIE WELT (in German). Retrieved 2023-05-02.


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