M&A Deal Summary

Turkven Acquires Eclit

On September 30, 2021, private equity firm Turkven acquired information technology company Eclit

Acquisition Highlights
  • This is Turkven’s 1st transaction in the Information Technology sector.
  • This is Turkven’s 23rd transaction in Turkey.

M&A Deal Summary

Date 2021-09-30
Target Eclit
Sector Information Technology
Buyer(s) Turkven
Deal Type Buyout (LBO, MBO, MBI)

Target

Eclit

Istanbul, Turkey
Eclit is a managed IT services provider offering cloud infrastructure, cybersecurity, data management, and 24/7 system monitoring solutions. Eclit was founded in 2021 and is based in Istanbul, Turkey.

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Buyer(S) 1

Buyer

Turkven

Istanbul, Turkey

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2000
PE ASSETS 1.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Turkven is an independent private equity firm targeting opportunities throughout Turkey. Turkven looks for situations requiring buyout, expansion and refinancing capital and will consider majority or minority investment positions. Prospective companies typically generate sales of $30 to $500 million. The Firm does not have any sector preferences. Turkven was formed in 2000 and is based in Istanbul.


DEAL STATS #
Overall 23 of 28
Sector: Information Technology M&A 1 of 2
Type: Buyout (LBO, MBO, MBI) M&A Deals 18 of 19
Country: Turkey M&A 23 of 28
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-16 Elif

Istanbul, Turkey

Elif is a personal and home care flexible packaging manufacturer. Elif serves a multinational customer base in more than 50 countries across the DACH, CEE, and North Africa regions. Elif was founded in 1972 and is based in Istanbul, Turkey.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-31 Zuber

Istanbul, Turkey

Zuber is a provider of healthy snacks in Turkey. The entire product range is free-from additives and added sugar. The portfolio includes fruit bars, protein bars, peanut butter spreads, granolas, and savory chips. Zuber was founded in 2017 and is based in Istanbul, Turkey.

Buy -