acquired 100% of
€28 million
2014
Advisor to the Seller
Arlight is a leading manufacturer of lighting fixtures and solutions in Türkiye. The company is a pioneer in the Turkish market with regards to the development of LED based lighting systems and already added a wide range of LED products into its product portfolio. The company’s headquarters and manufacturing facilities are located in Ankara, and the company employs around 160 personnel. Around 20% of Arlight’s turnover is comprised of exports.
Fagerhult based in Sweden is one of Europe’s leading lighting groups, with approximately €350 million in revenues, 2,200 employees and operations in approximately 20 countries. The group owns strong lighting brands such as Fagerhult, LTS Licht & Leuchten, Ateljé Lyktan, Eagle Lighting, Designplan Lighting and Whitecroft Lighting. Fagerhult is listed on the Nasdaq OMX Nordic Exchange in Stockholm and the majority of the shares of the company is owned by Swedish investment group Investment AB Latour.
Fagerhult acquired 100% of Arlight for €28 million.
acquired 50% of
US$14 million
2013
Advisor to the Seller
Kemal Kükrer is a premium food brand in Türkiye. Kemal Kükrer’s product portfolio includes vinegars, sour and hot sauces, pickled products and fruit syrups. Kemal Kükrer’s products reach more than 30,000 points of sale in the Turkish market and more than 20 countries in the export markets. Kemal Kükrer has 175 employees and recorded net sales of US$ 18 million in 2012.
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 130 countries, and had net sales of JPY 1,172 billion (US$ 12 billion) in 2012.
Ajinomoto acquired 50% of Kemal Kükrer for US$14 million.
acquired 50% of
2013
Advisor to the Seller
Romatem is the leading physical therapy and rehabilitation services chain in Türkiye. Romatem has successfully grown from a single facility in Samsun to a network of four facilities in three major cities of Türkiye. Romatem has a team of over 325 professionals, and it provided over 347,000 treatments to approximately 52,000 patients in 2013.
PineBridge (previously AIG Investments) is a global asset manager with nearly 60 years of experience in emerging and developed markets.PineBridge has approximately US$ 73.5 billion in asset under management for institutional and individual clients.
PineBridge acquired 50% of Romatem.
