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raised project finance from
€47.3 million
2010
Advisor to the Company
Akres is a wind farm project with a capacity of 45 MW based on 18 units Nordex N90 2.5MW turbines. Its expected annual energy generation is 138 million kWh.
Akres is owned by Karesi Enerji, which is a Yırcalı Group company. Yırcalı Group is a reputable Turkish group, which has operations in transformer manufacturing, electricity generation, animal feed production and synthetic weaving.
Commerzbank provided €47.3 million project financing with 16.5 years term through a Hermes covered facility.
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acquired 46% of 
2009
Advisor to the Seller
Taftel is a leading contemporary tafting carpet manufacturer in Türkiye deploying in-house developed automated hand-tufting technology. The company has annual production capacity of 216,000 sqm. The Company is the major and exclusive supplier of Step Carpet.
Swicorp Private Equity is a leading private equity firm with a specific regional focus on the Middle East and North Africa (MENA) region. Since 2005, Swicorp raised nearly US$1.4 billion in private equity funds from Middle East based investors.
Swicorp acquired 46% of Taftel Carpet.
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raised debt finance
€18.5 million
2009
Advisor to the Company
Best is engaged in manufacturing and sale of power and distribution transformers. It is the largest Turkish transformer company. In addition, it is a leading player in Middle East & Northern Africa, CIS Region and Europe.
Isbank, one the largest private banks in Türkiye supplied €18.5 million project finance and working capital finance to Best.