acquired 100% of
2018
Advisor to the Seller
Rapro is Türkiye's leading manufacturer of low pressure automotive rubber hoses. The manufacturing and logistics facilities are located in Izmir and Manisa (Türkiye) with a total closed area of 33,000 sqm. Exports, accounting for 80% of the turnover, are destined to more than 40 countries. With over 850 new products launched every year, Rapro has a product portfolio comprised of more than 9,000 different items.
Gates Industrial Corporation is a world leader in the manufacturing of hi-tech rubber belts and hoses for industrial, hydraulic, agricultural and automotive applications. Gates has 13,500 employees at 100 locations in 33 countries.
Gates acquired 100% Rapro.
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.
