Manisa Hospital Project Finance
€177 million
2017
Financial Advisor
Manisa Education and Research Hospital PPP Project (the “Project”) comprises a 558-bed healthcare facility with a construction area of 178,000 sqm. During the operational period of 25 years, YDA shall provide facility management and support services (catering, cleaning, laundry, reception etc.) and various clinical support services, including laboratory, imaging, sterilization, rehabilitation, and disinfection after the development of design, construction, procurement of medical devices and other equipment.
YDA is a prominent construction group with revenues of over US$600 million and interests in real estate, engineering, mining, energy and aviation. YDA has operations in Kazakhstan, Russia, Ukraine, Moldova, Saudi Arabia, UAE, Afghanistan as well as Türkiye.
Islamic Development Bank, Islamic Corporation for Development of the Private Sector, Siemens Bank GmbH and Ziraat Katılım Bankası provided €177 million non-recourse financing facility for the Project.
acquired 100% of
2017
Advisor to the Buyer
Megacolor based in Spain is a leading manufacturer of digital inks in the world. The company manufactures and sells pigments and inkjet to ceramic industry. Megacolor has subsidiaries in Mexico and China and exports its products to more than 15 countries.
Gizemfrit is engaged in manufacture and sale of porcelain enamel, ceramic frits, aluminum frits, glass frits, pigments and non-stick coatings. Located in Türkiye, the company is amongst top 3 porcelain enamel manufacturers in the world. The company is owned by Akkok Group, a leading conglomerate in Türkiye.
Gizemfrit acquired 100% of Megacolor.
acquired 50% of
US$51.5 million
2017
Advisor to the Seller
Kemal Kükrer is a premium food brand in Türkiye with a product portfolio of vinegars, sauces, and pickles. Kemal Kükrer sales nearly doubled since 2014 and reached to US$23 million in 2016.
Ajinomoto based in Japan is a global manufacturer of high-quality seasonings, processed foods, beverages, amino acids, pharmaceuticals and specialty chemicals. Ajinomoto has operations in 30 countries, and had net sales US$10 billion in 2016.
Ajinomoto acquired the remaining 50% of Kemal Kükrer for US$51.5 million.
