acquired 100% of
US$27 million
2018
Advisor to the Seller
Okida is Türkiye's leading designer and manufacturer of white goods appliance controls. The Company employs 80 personnel at its manufacturing site in Istanbul and sells its products to its customers in Türkiye as well as in more than 20 countries across Europe, Middle East and South America.
Sabaf based in Italy is one of the world's leading producers of components for household cooking appliances including taps, thermostats and burners. Sabaf employs more than 650 personnel in 5 manufacturing sites in Italy, Türkiye, Brazil and China.
Sabaf acquired 100% of Okida for US$27 million.
acquired majority of
2018
Advisor to the Seller
Zirve is a leading commercial software company in Türkiye with more than 40,000 active customers. It offers proprietary software products for accounting, finance, payroll, inventory management and manufacturing as well as e-transformation services for e-invoice, e-archive and e-ledger.
Turkven is the leading private equity firm in Türkiye with assets under management of US$2 billion.
Earlybird is a European venture capital investor firm with assets under management of US$1 billion.
Turkven and Earlybird acquired majority of Zirve.
acquired 29% of
2017
Advisor to the Seller
Mars is the leading international logistics company in Türkiye. Mars is involved in international road freight, rail freight, intermodal freight, warehousing, value added logistics services, and air & sea freight. It has a fleet of 530 vehicles and 1,800 trailers as of 2020. Mars provides its services from its offices in 14 locations throughout Türkiye and 5 international locations (Spain, Italy and Luxembourg). Mars has approximately 8,000 customers among its key customers are Inditex, Renault, Ford, Tofaş, Sumitomo, LCW, Doğuş, CMS, and Nissan.
Hitachi Transport System (“HTS”) is the fourth largest subsidiary of Hitachi Ltd., one of the largest conglomerates in the world, in terms of turnover, and is one of the leading logistics companies in Japan. HTS carries out its activities with its 84 subsidiaries and 20 affiliated companies, 325 offices located in Japan and 415 offices located in the rest of the world. HTS's turnover is US$6.2 billion and its current market value stands at US$2.5 billion.
HTS acquired 29% of Mars to increase its shareholding to 80% in two tranches in 2014 and 2017.
