M&A Deal Summary

Kerten Capital Acquires Elit Chocolate

On January 26, 2011, private equity firm Kerten Capital acquired food company Elit Chocolate

Acquisition Highlights
  • This is Kerten Capital’s 1st transaction in the Food sector.
  • This is Kerten Capital’s 1st transaction in Turkey.

M&A Deal Summary

Date 2011-01-26
Target Elit Chocolate
Sector Food
Buyer(s) Kerten Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Elit Chocolate

İstanbul, Turkey
Elit Chocolate offers 400 different candies products and exports them to 33 countries, with one-fifth of its revenue coming from foreign sales. Elit Chocolate was founded in 1924 and is based in İstanbul, Turkey.

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Buyer(S) 1

Buyer

Kerten Capital

Dublin, Ireland

Category Private Equity Firm
Founded 2006
Size Small
Type Sector Agnostic
DESCRIPTION

Kerten Private Equity is an independent private equity firm focused on mid-sized companies in Central and Eastern Europe. The Firm generally looks to provide growth capital, but also supports buyouts/buy-ins, take privates, and recapitalizations. Kerten is a generalist investor, willing to consider companies in a a broad range of industry sectors, however, areas of particular interest include business services, food and food ingredient production, health, energy and infrastructure delivery and services. Kerten Private Equity was formed in 2006 and is based in Dublin, with additional offices in Warsaw, Bucharest, and Istanbul.


DEAL STATS #
Overall 7 of 7
Sector: Food M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 6 of 6
Country: Turkey M&A 1 of 1
Year: 2011 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-04-17 Cezar SA

Bialystok, Poland

Cezar S.A. is a leading European printing and packaging business located in Bialystok, Poland.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-07 Fota

Gdynia, Poland

Fota is a distributor of car parts and accessories in Poland and a player in this segment in Central Eastern Europe. Fota is based in Gdynia, Poland.

Sell -