M&A Deal Summary

Turkven Acquires Elif

On July 18, 2018, private equity firm Turkven acquired packaging company Elif

Acquisition Highlights
  • This is Turkven’s 1st transaction in the Packaging sector.
  • This is Turkven’s 22nd transaction in Turkey.
Investment Fate
  • Elif was sold to a publicly-traded strategic buyer in 2021.

M&A Deal Summary

Date 2018-07-18
Target Elif
Sector Packaging
Buyer(s) Turkven
Deal Type Buyout (LBO, MBO, MBI)

Target

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.

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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 22 of 28
Sector: Packaging M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 17 of 19
Country: Turkey M&A 22 of 28
Year: 2018 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-09 Mikro Yazılım

Istanbul, Turkey

Mikro Yazılım specializes in corporate commercial software. Comprehensive and functional software developed by Mikro Software, one of the software companies with the widest product range and customer portfolio in this field, aims to help the company manage its assets in the best way. The software produced in Mikro Software has come to the forefront as products that have significantly changed the way of doing business in every sector from automotive to distribution, construction to production and retail. Mikro Yazılım was founded in 1988 and is based in Istanbul, Turkey

Buy -
FOLLOWING 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 -