Cevdet Caner

Cevdet Caner (born 29 July 1973 in St. Pölten, Lower Austria ) is an Austrian entrepreneur.

Career

Origin and Youth

Cevdet Caner is the youngest of seven children. The Kurdish- Turkish origin family moved in 1983 to Linz, where Caner first secondary school in the nearby Haid and later attended high school, where he graduated in 1994 with the Matura. It was at this time was politically active youth, among others elected provincial education spokesman for Upper Austria. He then took up studies in business administration, which he broke off but after starting his company CLC.

Caner was two years chairman of the Socialist Youth ( SJ) Linz.

Entrepreneur

In 1998, Caner founded the Call & Logistics Center GesmbH (CLC ) and became its Managing Director. In 2000, Caner, the first private telephone information service in Austria, which was operated by CLC. Shortly thereafter acquired Caner is twice as large, existing since 15 years Viennese call center dmb. In 2001 he brought the CLC on the Vienna Stock Exchange. This year, the CLC had a turnover of 34 million euros. Then took the CLC significantly larger call center group Camelot with six locations in Germany. The CLC Group employed 1,200 employees at this time. In the following three years, the stock experienced a decline in the value of five euro to 26 cents. Sold in late 2002 Caner its shares in CLC and retired from the company. The end of 2004, the call center operator CLC AG, now in possession of the Blue Bull AG to file for bankruptcy and provides a short time later the operation a.

In 2004, Cevdet Caner founded the real estate service " Level One ". The tax residence of the holding was on the Channel Island of Jersey. In May 2005, the Falkenberger quarter in Berlin- Hohenschonhausen was acquired. The second object in Leipzig at the Walter Markov ring followed in the same year. By 2008, the portfolio grew to around 28,000 residential units with a total value of 1.5 billion euros.

According to information, the Level One group of 2006, approximately 130 million euros and 2007 approximately 80 million euro profit. In September 2008, Level One reported for its German property companies into insolvency after banks Level One had made ​​in August 2008 in receivership. The real estate group consisted at that time of more than one hundred and fifty locations spread across Europe companies, including in Jersey, London, Linz and Germany. From the Level One of insolvency around 20 000 homes and 500 commercial properties mainly in Berlin and East Germany were affected.

Among the creditors of Level One include Credit Suisse, JP Morgan, Royal Bank of Scotland and British companies. Credit Suisse approved Level One total loan of EUR 1.3 billion and helped Caner build his real estate empire without that commanded in his own larger equity. At the time of bankruptcy, Credit Suisse was still 300 million euros, after a large part of the loan portfolio was securitized and sold to investors. Credit Suisse was also the mezzanine capital of 130 million euros and Leading Bank of the planned March 2007 IPO of Level One. With debt of 1.5 billion euros Level One is the largest real estate bankruptcy by Juergen Schneider who had left the banks in 1994 a debt of 6 billion DM.