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.

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.

Alpar designs and manufactures low-volume, high-value added HPDC structural, kinematic, visual and battery housing parts primarily for luxury cars, sports cars, electric and hybrid vehicles as well as e-mobility applications. Serving leading OEMs including Porsche, Ferrari, Lamborghini, AMG and McLaren, the Company generates more than 90% of its revenue from international markets, main destinations being Germany, Poland and Mexico.

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 50% of Alpar.