M&A Deal Summary

AccessTurkey Capital Group Acquires OlgunCelik

On December 28, 2005, asset manager AccessTurkey Capital Group acquired automotive company OlgunCelik

Acquisition Highlights
  • This is AccessTurkey Capital Group’s 1st transaction in the Automotive sector.
  • This is AccessTurkey Capital Group’s 1st transaction in Turkey.

M&A Deal Summary

Date 2005-12-28
Target OlgunCelik
Sector Automotive
Buyer(s) AccessTurkey Capital Group
Deal Type Buyout (LBO, MBO, MBI)

Target

OlgunCelik

Manisa, Turkey
OlgunCelik is one of the major leaf spring manufacturers to the commercial vehicle original equipment and aftermarket channels in Europe. Olguncelik has been a major contributor as a components supplier to light and heavy commercial production growth in Turkey. Olguncelik has significantly benefited and uniquely positioned to reap the rewards of commercial vehicle production increases in Turkey and Europe. OlgunCelik was founded in 1945 and is based in Manisa, Turkey.

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Buyer(S) 1

Buyer
DESCRIPTION

AccessTurkey Private Equity is a Turkish private investment firm that that invests in smaller middle market companies through management buyouts and structured growth equity investments. AccessTurkey Private Equity targeted companies typically have annual revenues of $25 to $400 million and operating income of at least $2 million. AccessTurkey Private Equity was formed in 1999 and is based in Istanbul.


DEAL STATS #
Overall 1 of 1
Sector (Automotive) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 1 of 1
Country (Turkey) 1 of 1
Year (2005) 1 of 1