M&A Deal Summary

Turkven Acquires Karbonsan Cryogenics

On November 8, 2024, private equity firm Turkven acquired manufacturer Karbonsan Cryogenics

Acquisition Highlights
  • This is Turkven’s 1st transaction in the Manufacturing sector.
  • This is Turkven’s 27th transaction in Turkey.

M&A Deal Summary

Date 2024-11-08
Target Karbonsan Cryogenics
Sector Manufacturing
Buyer(s) Turkven
Deal Type Buyout (LBO, MBO, MBI)

Target

Karbonsan Cryogenics

Istanbul, Turkey
Karbonsan Cryogenics is a manufacturer of cryogenic storage and transport equipment, including tanks, ISO containers, and semi-trailers for liquefied gases such as LIN, LOX, LAR, LNG, and CO₂. Karbonsan Cryogenics was founded in 1994 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 27 of 28
Sector: Manufacturing M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 19 of 19
Country: Turkey M&A 27 of 28
Year: 2024 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-06 Medianova

Istanbul, Turkey

Medianova is a provider of global Content Delivery Network (CDN) and cloud security solutions. Its services encompass dynamic site caching, static content delivery, image optimization, API caching, streaming, hybrid CDN, cloud object storage, web application firewall (WAF), and DDoS protection. Medianova is based in Istanbul, Turkey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-09-22 Cagatay Pet Food

Bornova, Turkey

Cagatay Pet Food is a provider of pet food in Turkiye. The Company produces high quality pet food products for more than 1 million cats and dogs. The Company has a direct-to-consumer based sales model, temizmama.com. Cagatay Pet Food was founded in 1982 and is based Bornova, Turkey.

Buy -