M&A Deal Summary

Taxim Capital Acquires Suwen

On December 15, 2017, private equity firm Taxim Capital acquired apparel/textiles company Suwen

Acquisition Highlights
  • This is Taxim Capital’s 1st transaction in the Apparel/Textiles sector.
  • This is Taxim Capital’s 3rd transaction in Turkey.
Investment Fate
  • Suwen went public in 2022.

M&A Deal Summary

Date 2017-12-15
Target Suwen
Sector Apparel/Textiles
Buyer(s) Taxim Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Suwen

Istanbul, Turkey
Suwen is a quality and affordable lingerie retailer that designs, manufactures, and markets its own branded products. Suwen’s product portfolio comprises underwear, lingerie, beachwear, homewear, hosiery, socks, and pajamas. Suwen was founded in 2003 and is based in Istanbul, Turkey.

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Buyer(S) 1

DESCRIPTION

Taxim Capital is a private equity firm focused on investing in and acquiring lower middle-market Turkish companies with revenues up to €100 million. The Firm will consider majority or significant minority situations and looks to be an active partner when working with portfolio companies. Sectors of interest include consumer, retail, food, healthcare, industrial, chemicals, building materials, automotive, business services, and staffing. Taxim Capital is based in Istanbul.


DEAL STATS #
Overall 3 of 8
Sector: Apparel/Textiles M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 1 of 4
Country: Turkey M&A 3 of 8
Year: 2017 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-12 Netcad

Ankara, Turkey

Netcad is a software development company specializing in geographical information systems (GIS) and computer-aided design (CAD). Netcad provides engineering solutions to municipalities for their urban planning, land development, and cadaster needs; to public institutions ranging from highways to utility distribution, from forestry to agriculture, and to private companies engaging in construction and infrastructure industries as well as in geology, mining, banking, telecom, and insurance. Netcad was founded in 1989 and is based in Ankara, Turkey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-20 Alke

Istanbul, Turkey

Alke is a veterinary pharmaceuticals manufacturer that sells its products under its own brand names. Alke’s product portfolio comprises hormones, antibiotics, antiparasitics, and anti-inflammatories specifically developed for ruminants. Alke manufactures its products with strict adherence to Good Manufacturing Practice (GMP) quality standards at its state-of-the-art facility. Alke was founded in 1995 and is based in Istanbul, Turkey.

Buy -