What We Do Investment Banking Advisory Transactions
Year
Type
Sector
Target Country


acquired 100% of

2008
Advisor to the Buyer

Tekbau’s product portfolio consists of mainly dry mortar products including exterior and interior plasters, surface hardeners, self-leveling compounds, mortars, tile adhesives, joint sealers, grouts, repair mortars and thermal & water insulation products.

Bostik is one of the largest sealant and adhesive companies in the world with a turnover of €1.5 billion. Headquartered in France, Bostik is owned by Total, the fourth largest petroleum and gas company in the world.

Bostik acquired 100% of Tekbau from Viem Yatırım and ANG Yatirim Holding, owned by one of the founder shareholders of Tekfen Holding.


acquired 58.2% of

US$104.7 million

2007
Advisor to the Buyer

Ray Sigorta is one the top 15 players in the Turkish non-life insurance market, with gross written premiums in 2006 of approximately US$184 million. 21.8 of Ray Sigorta shares are traded at the Istanbul Stock Exchange.

TBIH based in the Netherland has extensive non-life and life insurance operations in Central and Eastern Europe and CIS countries and is owned by Vienna Insurance Group, which is the largest Austrian insurance company and Kardan Group, an international investment holding.

In 2007, TBIH acquired 58.2 of Ray Sigorta Dogan Holding, a publicly traded conglomerate involved in media, energy, financial services and tourism and 16.06 through mandatory tender offer in the Istanbul Stock Exchange for total of US$104.7 million.

In 2009, TBIH exercised its option to acquire 10 additional shares in Ray.


acquired 50% of

US$270 million

2007
Advisor to the Buyer

Denizli Cement is a modern cement facility with a clinker capacity of 1.8 million tonnes and is the market leader in its region. It has limestone reserves of more than 100 million tonnes and produced 1.8 million tonnes of cement in 2006. Denizli also operates a network of 13 ready-mixed concrete plants in Denizli and the surrounding area, which produced 1.3 million cubic meters of concrete in 2006.

Headquartered in Ireland, CRH operates in 27 countries and employs around 80,000 people. CRH realized net sales of €18.7 billion in 2006.

CRH has acquired 50% of Denizli Cement from Eren Holdings, a privately-owned industrial group.