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Target Country

€25 million
long-term debt financing

Advisor to the Company

BEST is the largest power and distribution transformer manufacturer in Türkiye with a turnover of €500 million in 2024. With more than 1,500 employees, BEST exports approximately 70% of its production to 85 countries. In addition, it is a leading player in Middle East & Northern Africa, CIS Region and Europe.

Industrial Development Bank of Türkiye (“TSKB”) supplied €25 million long-term debt financing for its investment in a new transformer test laboratory and a medium-term working capital facility.

acquired 100% of

Advisor to the Seller

Kimteks is a leading Turkish chemical distributor with a special focus on sourcing, marketing and selling chemicals that mainly cater to plastics & PU, liquid & powder coating, and rubber & adhesive markets.

Renkim specializes in providing agency services to international chemical companies in the Turkish market since its establishment in 1987.

Ravago is one of the world’s leading groups specialized in manufacturing, recycling, distribution and sales of polymers, chemicals & life ingredients, and building materials. Ravago currently operates more than 45 manufacturing facilities and 325 locations across 65+ countries with its 9,000 employees.

Ravago acquired 100% of Kimteks and Renkim.

acquired a minority stake in

Advisor to the Seller

İşçimenler Konveyör Bant is a leading Turkish conveyor belt distributor offering a wide product portfolio including conveyor belts, transmission and timing belts. The Company serves to blue-chip customers in Türkiye catering to more than 20 end-markets including food & beverage, packaging, machinery & equipment, white goods and automotive.

Established and headquartered in Italy, Elatech is one of the leading manufacturers of polyurethane conveyor belts for industrial applications, with a presence in 3 continents through a network of qualified distributors.

Elatech acquired a minority stake in İşçimenler.