acquired 100% of
2012
Advisor to the Buyer
Akdeniz Kimya, established in 1976, is the leading producer of additives for the PVC industry in Türkiye. The product portfolio of the company includes calcium-zinc and lead based heat stabilizers, acrylic impact modifiers and processing aids. With more than 450 employees and revenues of around US$190 million in 2011. The company is the market leader in Türkiye and holds significant market share in high growth countries in regions including CIS, Middle East and Africa. The head office and the integrated production facilities of the company are based in Izmir.
Oyak (Turkish Armed Forces Assistance and Pension Fund) is a corporate entity subject entirely to the provisions of private law and is financially and administratively autonomous. OYAK acts as an insurance company and also as a financial institution that provides its members with the financial support in the form of credit products. As of 2011, Oyak had close to 270,000 members and an equity base of more than US$7.3 billion. The group has more than 60 subsidiaries in various sectors including steel production, cement, logistics, automotive, defense, construction and services.
Oyak acquired 100% of Akdeniz Kimya.
acquired 100% of
Sibel RES (80MW)
2012
Advisor to the Seller
Sibel RES Elektrik Üretim A.Ş. owns 80 MW Sibel RES wind energy power plant project. Sibel RES is located within the borders of both İzmir and Manisa provinces. The project is expected to commence operations in the second half of 2014.
Boydak Enerji is one of the group companies of Boydak Holding which has activities in renewable energy generation since 2010. Total capacity of Boydak Enerji has reached to 415 MW after the acquisition of Sibel RES Elektrik Üretim A.Ş.
Boydak Enerji acquired 100% of Sibel RES.
acquired 99% of
2012
Advisor to the Seller
Sigma is a leading software provider to the finance, public and telecommunication industries in Türkiye. It provides various customized solutions to its clients, such as asset and spend management, lease and asset management and process and content management.
Asseco is a Poland based IT group. With revenues of US$1.6 billion and over 8,000 employees, it is one of the largest software vendors in Europe. It offers various IT services to its clients in banking, healthcare, insurance, public administration, telco and utilities sectors in Europe, Israel, USA, Japan, and Canada.
Asseco acquired 99% of Sigma.
