acquired 100% of
2008
Advisor to the Seller
Sardunya is the third largest catering company in Türkiye with around 1,500 employees servicing over 120 local and international clients. The company is part of Sardunya Group, which generated combined revenues of US$130 million in 2007 from food and food services.
ISS is one of the world’s leading facility services groups operating in 51 countries with 440,000 employees, serving over 125,000 clients. ISS generated US$11.7 billion net sales in 2007 from its core activities of cleaning, catering, office support, property services and security. ISS Türkiye services over 1,000 clients with 14,500 employees.
ISS acquired 100% of Sardunya Hazır Yemek, the contract catering arm of Sardunya Group.
acquired 100% of
2008
Advisor to the Buyer
Tekbau’s product portfolio consists of mainly dry mortar products including exterior and interior plasters, surface hardeners, self-leveling compounds, mortars, tile adhesives, joint sealers, grouts, repair mortars and thermal & water insulation products.
Bostik is one of the largest sealant and adhesive companies in the world with a turnover of €1.5 billion. Headquartered in France, Bostik is owned by Total, the fourth largest petroleum and gas company in the world.
Bostik acquired 100% of Tekbau from Viem Yatırım and ANG Yatirim Holding, owned by one of the founder shareholders of Tekfen Holding.
acquired 58.2% of
US$104.7 million
2007
Advisor to the Buyer
Ray Sigorta is one the top 15 players in the Turkish non-life insurance market, with gross written premiums in 2006 of approximately US$184 million. 21.8 of Ray Sigorta shares are traded at the Istanbul Stock Exchange.
TBIH based in the Netherland has extensive non-life and life insurance operations in Central and Eastern Europe and CIS countries and is owned by Vienna Insurance Group, which is the largest Austrian insurance company and Kardan Group, an international investment holding.
In 2007, TBIH acquired 58.2 of Ray Sigorta Dogan Holding, a publicly traded conglomerate involved in media, energy, financial services and tourism and 16.06 through mandatory tender offer in the Istanbul Stock Exchange for total of US$104.7 million.
In 2009, TBIH exercised its option to acquire 10 additional shares in Ray.
