In a transaction where ÜNLÜ & Co acted as the buy-side financial advisor, Alarko Holding signed an agreement to acquire Carrier’s entire 42.03% stake in Alarko Carrier.
Celebrating its 30th anniversary, ÜNLÜ & Co, Türkiye’s leading investment services and asset management group, acted as the buy-side financial advisor to Alarko Holding A.Ş. in its proposed acquisition of all shares held by Carrier Global Corporation in Alarko Carrier Sanayi ve Ticaret A.Ş.
Under the agreement, Alarko Holding is expected to acquire Carrier’s entire stake, representing 42.03% of Alarko Carrier’s share capital. Upon completion of the transaction, Alarko Holding’s direct shareholding in Alarko Carrier will increase to 84.06%. As part of its forward-looking strategic transformation plans, Alarko Holding intends to continue the heating, ventilation and air conditioning operations within its Industry and Trade Group under its own brand and in line with its new strategic objectives.
The transaction, which will bring the 28-year partnership between Alarko and Carrier to an end following the parties’ joint assessment and mutual agreement, is expected to be completed in the fourth quarter of 2026, subject to obtaining the necessary approvals and satisfaction of customary closing conditions.
“We are pleased to be part of this transaction supporting Alarko Holding’s strategic objectives”
Commenting on the transaction, İbrahim Romano, Managing Director of Corporate Client Coverage at ÜNLÜ & Co, said:
“At ÜNLÜ & Co, we continue to take part in strategic transactions that support our clients’ long-term objectives, drawing on our 30 years of experience in corporate finance. We are pleased to have acted as the buy-side financial advisor on this transaction, which represents an important step in the strategic transformation plans of Alarko Holding, one of Türkiye’s long-established groups. With our deep sector expertise, strong transaction execution capabilities and advisory approach in line with international standards, we will continue to contribute to our clients’ value creation journeys.”
Batuhan Benli, Senior Director of Corporate Finance at ÜNLÜ & Co, also commented: “We are pleased to have acted as the buy-side financial advisor on this important transaction supporting Alarko Holding’s future ambitions. Throughout the process, we provided comprehensive advisory support spanning financial and strategic assessments, negotiations and the agreement process. We wish all parties a successful completion of the transaction.”
