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.
acquired 100% of
2017
Advisor to the Seller
Turkent Gıda owns and operates 130 KFC restaurants in 24 cities of Türkiye. It is owned by Yum!Brands.
Yum! Brands, based in USA, has over 44,000 restaurants in more than 135 countries and territories. The company’s restaurant brands – KFC, Pizza Hut and Taco Bell – are the global leaders of the chicken, pizza and Mexican style food categories respectively.
Abraaj Group is a global institution investing in growth markets across Africa, Asia, Latin America, the Middle East and Türkiye. Abraaj has made more than 200 investments and manages US$13.6 billion in assets.
Abraaj acquired 100% of Turkent.
