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Date Target Transaction Type
Value: $mlns
Acquirer Seller
2025-10-06 Meklas
Manufacturing
Bursa, Turkey
www.meklas.com

Meklas is an air springs manufacturer primarily serving aftermarket customers globally for commercial vehicle applications. Meklas is based in Bursa, Turkey.

Add-on Acquisition

Infinity Engineered Products
Company
Automotive
Fairlawn, Ohio
www.infinityairsprings.com

Advisors: Herguner Bilgen Ucer , Freshfields Bruckhaus Deringer

-
Deal Article Deal Link  
2025-10-06 smartPulse
Internet Software and Services
Istanbul, Turkey
www.smartpulse.io

smartPulse is an Independent Software Vendor (ISV) at EPEX SPOT, Nord Pool, and various other European energy exchanges, offering a full-suite short-term power trading and battery optimisation platform for asset owners and aggregators across Europe.

Add-on Acquisition

Volue
Company
Information Technology
Oslo, Norway
www.volue.com

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Deal Article Deal Link  
2025-07-17 Notice
Medical Products
Istanbul, Turkey
www.notice.com.tr

Notice is designated as a Notified Body under MDR (NB 2764) and accredited by TÜRKAK under ISO 17021 to certify quality management systems in accordance with ISO 13485. The company exclusively serves the medical device sector, assessing manufacturers’ compliance with the rigorous regulatory requirements of the European market. Notice was founded in 2016 and is based in Istanbul, Turkey.

Add-on Acquisition

Applus+
Company
Business Services
Madrid, Spain
www.applus.com

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Deal Article Deal Link  
2025-06-17 Corena
Medical Products
Ankara, Turkey
www.co-re-na.com

Corena is a pharmaceutical wholesaler and distributor that provides ethical pharmaceuticals, over-the-counter drugs, medical devices, and clinical trial supplies. Corena was founded in 1998 and is based in Ankara, Turkey.

Add-on Acquisition

EarlyHealth Group
Company
Life Science
Dubai, United Arab Emirates
www.early-health.com

-
Deal Article Deal Link  
2025-05-06 Aspera
Insurance
İstanbul, Turkey
www.asperabroker.com

Aspera is an insurance and reinsurance brokerage firm specializing in clients operating in sectors including energy & power, industrial property, financial lines, construction, and aviation & space. Aspera was founded in 2022 and is based in İstanbul, Turkey.

Add-on Acquisition

Gallagher
Company
Insurance
Rolling Meadows, Illinois
www.ajg.com

-
Deal Article Deal Link  
2025-05-06 Trendyol GO
Internet Software and Services
Istanbul, Turkey
www.trendyolgo.com

Trendyol GO is a food delivery platform. Trendyol GO was founded in 2010 and is based in Istanbul, Turkey.

Add-on Acquisition
Value

$700

Uber
Company
Internet Software and Services
San Francisco, California
www.uber.com

-
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
Life Science
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

-
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

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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

-
Deal Article Deal Link  
2023-10-06 DHL eCommerce
Transportation
Istanbul, Turkey
www.dhlecommerce.com.tr

DHL eCommerce is a logistics and parcel delivery company providing domestic and international courier, express, and cargo services through an extensive distribution network across Turkey. DHL eCommerce was founded in 2003 and is based in Istanbul, Turkey.

Add-on Acquisition

Deutsche Post
Company
Transportation
Bonn, Germany
www.dpdhl.com

Turkven
Investor
Private Equity Firm
Istanbul, Turkey
www.turkven.com

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  
Avg $537
7.3x EBITDA
2.5x REVENUE

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