acquired 100% of
2025
Advisor to the Seller
n11 is one of Türkiye’s leading e-commerce marketplaces, with strong brand recognition, significant market share, and a broad product offering across key categories including consumer electronics, fashion, home goods, FMCG, and sports & outdoor equipment. The platform, which hosts over 300,000 registered third-party (3P) sellers, expanded into first-party (1P) operations in 2022.
DMSF Holding is a UAE-based holding company with diversified operations across multiple sectors both locally and internationally, including export-import, retail, storage, logistics, and real estate development.
DMSF Holding acquired 100% of n11.
acquired 100% of
2024
Advisor to the Buyer
With a history of 140 years, Piaggio Aerospace is one of Italy's oldest aerospace companies, and is renowned for its distinctive and highly successful aircraft, P.180 Avanti, in the executive aviation market. Piaggio Aerospace engages in aircraft manufacturing, engine parts production and MRO services for own airplanes and various types of aircraft engines.
Baykar Technologies is the global leader in unmanned aerial vehicles (UAV) manufacturing and generates more than 90 percent of its revenues from exports to 35 countries.
Baykar Technologies acquired 100% of Piaggio Aerospace.
acquired a
60% shareholding in
2024
Transaction Advisor
HMS is the largest independent and privately-owned Turkish company serving the global commercial aviation industry with over 500 employees. As a one-stop-shop supplier, HMS is specialized in precision machining, NADCAP approved surface treatment and subassembly of mission-critical and complex metal aerostructural parts for the commercial aviation market, with end customers including Airbus, Boeing, and Bombardier. The Company generates more than 90% of its revenues from international markets, main destinations being Austria, Germany, and the UK.
Pragma Capital Partners (PCP) is the leading private equity firm investing across buyout and growth equity strategies in fast-growing and export-oriented companies in Türkiye. PCP has invested in 17 companies and currently manages an AUM over US$1 billion.
PCP acquired a 60% shareholding in HMS.
