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Date Target Transaction Type
Value: $mlns
Acquirer Seller
2024-12-26 Paxie Games
Digital Media
İzmir, Turkey
www.paxiegames.com

Paxie Games is a gaming studio that develops Merge Studio: Fashion Makeover, with a mission to deliver the engaging and optimized gaming experiences by leveraging data insights and constant A/B testing to deeply understand player needs. Paxie Games is based in İzmir, Turkey.

Add-on Acquisition

Wooree Games, Inc. (dba DoubleUGames Co. Ltd.)
Company
Digital Media
Seoul, South Korea
www.doubleugames.com

Advisors: Balcioglu Selcuk Ardiyok Keki (BASEAK) , Arma Capital

-
Deal Article Deal Link  
2024-12-02 Mopsan
Distribution
Atasehir, Turkey
www.mopsan.com.tr

Mopsan is a distributor of veterinary products. Mopsan was founded in 1993 and is based in Atasehir, Turkey.

Add-on Acquisition

Virbac
Company
Healthcare Services
Carros, France
corporate.virbac.com

-
Deal Article Deal Link  
2024-11-25 Turkiye Petrolleri
Distribution
Istanbul, Turkey
www.tppd.com.tr

Turkiye Petrolleri operates over 800 fuel stations across Turkey, along with nine filling facilities and a storage capacity of approximately 307,000 cubic meters. Turkiye Petrolleri was founded in 1963 and is based in Istanbul, Turkey.

Add-on Acquisition

Zeren Group
Company
Oil/Gas Exploration
Istanbul, Turkey
www.zerengroup.com

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Deal Article Deal Link  
2024-07-22 Tam Finans
Financial Services
Istanbul, Turkey
www.tamfinans.com.tr

Tam Finans is a commercial finance company with a primary lending focus on SME and micro businesses. The company operates a distribution network of 37 branches in 24 provinces. Tam Finans was founded in 2012 and is based in Istanbul, Turkey.

Add-on Acquisition

MNT-Halan
Company
Financial Services
Cairo, Egypt
www.mnt-halan.com

Actera Group
Investor
Private Equity Firm
Istanbul, Turkey
www.acteragroup.com

Deal Article Deal Link  
2024-07-09 iData
Business Services
İstanbul, Turkey
www.idata.com.tr

iData is a visa service provider with over 37 reception centers in more than 15 countries located in Germany, Italy, and the Czech Republic. iData is headquartered in İstanbul, Turkey.

Revenue (mlns) 2,460 INR
EBITDA (mlns) 1,440 INR
Add-on Acquisition
Value

$108

2.9x Revenue

5x EBITDA

BLS International
Company
Business Services
New Delhi, India
www.blsinternational.com

-
Deal Article Deal Link  
2024-04-08 Eczacıbaşı-Monrol
Life Science
Istanbul, Turkey
www.monrol.com

Eczacıbaşı-Monrol is an innovative, international supplier of radiopharmaceuticals for diagnosis and treatment in nuclear medicine. Eczacıbaşı-Monrol is based in Istanbul, Turkey.

Add-on Acquisition

Curium Pharma
Company
Life Science
Paris, France
www.curiumpharma.com

-
Deal Article Deal Link  
2023-12-07 Oktrade
Distribution
Istanbul, Turkey
www.oktrade.com.tr

Oktrade is a distributor of specialty personal care ingredients based in Istanbul, Turkey.

Add-on Acquisition

Azelis
Company
Distribution
Antwerp, Belgium
www.azelis.com

-
Deal Article Deal Link  
2023-11-14 HAMAK
Business Services
Istanbul, Turkey
www.hamamcioglu.com

HAMAK is focused on sales and service of air compressor solutions, providing compressors, parts, and services to the Turkish market. HAMAK is based in Istanbul, Turkey.

Add-on Acquisition

Atlas Copco
Company
Machinery
Nacka, Sweden
www.atlascopco.com

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Deal Article Deal Link  
2023-09-18 Eregli Agrosan
Agriculture
Istanbul, Turkey
www.eregliagrosan.com

Eregli Agrosan produces high-value, natural products and derivatives from plants, vegetables and fruits grown in Turkey. Eregli operate in a vertical integration model ranging from raw material production to end product production. Eregli Agrosan is based in Istanbul, Turkey.

Add-on Acquisition

Alarko
Company
Diversified
Istanbul, Turkey
www.alarko.com.tr

-
Deal Article Deal Link  
2023-08-01 PayCore
Financial Services
Istanbul, Turkey
www.paycore.com

PayCore provides innovative, end-to-end payment technology solutions to banking, telecom, payment service provider, personalization office, government, transportation, and retail sectors. Paycore, which has more than 30 awards locally and internationally in the areas of card software packages, digital payment solutions, smart city applications, EMV solutions, and secure hardware services, is a technology solution partner to more than 150 clients in over 35 countries. PayCore was formed in 2001 and is based in Istanbul, Turkey.

Add-on Acquisition

Param
Company
Financial Services
Istanbul, Turkey
www.param.com.tr

Mediterra Capital
Investor
Private Equity Firm
St. Peter Port, United Kingdom
www.mediterracapital.com

Deal Article Deal Link  
2023-06-06 Iyuno Turkey
Media
İstanbul, Turkey
www.aklakara.tv

Iyuno Turkey is an operator of a dubbing studios works with foreign content providers, distributors, television channels, digital platforms, gaming and advertising companies. Iyuno Turkey is based in İstanbul, Turkey.

Add-on Acquisition

Iyuno-SDI
Company
Media
London, United Kingdom
www.iyuno-sdi.com

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Deal Article Deal Link  
2023-05-04 Su-Yapı
Engineering
Çankaya, Turkey
www.suyapi.com.tr

Su-Yapı is an engineering consulting company, that provides in the fields of water, wastewater, infrastructure, energy, dams, and hydropower. Su-Yapı was founded in 1964 and is based in Çankaya, Turkey.

Add-on Acquisition

Dar
Company
Engineering
Beirut, Lebanon
www.dar.com

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Deal Article Deal Link  
2023-04-06 Korsini
Packaging
Gaziemir, Turkey
www.korsini.com

Korsini is a provider of in-mold label (IML) solutions. Korsini offering products and services to more than 60 countries around the world. Korsini was founded in 2004 and is based in Gaziemir, Turkey.

Add-on Acquisition

Multi-Color
Company
Packaging
Batavia, Ohio
www.mcclabel.com

-
Deal Article Deal Link  
2023-03-03 Xometry Türkiye
Manufacturing
Istanbul, Turkey
www.xometry.com.tr

Xometry Türkiye is a digital manufacturing platform for engineers and purchasing professionals. It provids access to different kinds of manufacturing capabilities such as CNC Machining, Sheet Metal Fabrication, 3D Printing, Injection Molding, and hundreds of manufacturers with high quality. Xometry Türkiye is based in Istanbul, Turkey.

Add-on Acquisition

Xometry
Company
Manufacturing
Gaithersburg, Maryland
www.xometry.com

-
Deal Article Deal Link  
2023-02-01 Kent Hospital Group
Healthcare Services
Izmir, Turkey
www.kentsaglikgrubu.com

Kent Hospital Group operates a hospital. It offers services in the areas of aesthetic and plastic surgery, anesthesia and reanimation, cardiology, cardiovascular surgery, emergency medicine, gastroenterology, general surgery, internal medicine, in-vitro fertilization center, laboratory, neurology, neurosurgery, nuclear medicine, nursing, nutrition and dietetics, ophthalmology, organ transplantation, orthopedics and traumatology, pediatric surgery, pediatrics, physical therapy and rehabilitation, radiology, rheumatology, and urology. Kent Hospital Group was founded in 2004 and is based in Izmir, Turkey.

Add-on Acquisition

Acibadem Healthcare Group
Company
Healthcare Services
Istanbul, Turkey
www.acibadem.com.tr

Mid Europa Partners
Investor
Private Equity Firm
Warsaw, Poland
www.mideuropa.com

2023-01-23 Kale Kimya
Distribution
Istanbul, Turkey
www.kalekimya.com

Kale Kimya is a specialty chemicals distributor that serves valuable customers with extensive technical support with fully equipped application laboratories and a wide range of logistic options through local warehouses in Turkey and the region. Kale Kimya was founded in 1975 and is based in Istanbul, Turkey.

Add-on Acquisition

Univar
Company
Distribution
Downers Grove, Illinois
www.univar.com

-
Deal Article Deal Link  
Avg $528
7.3x EBITDA
2.5x REVENUE

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