ÜNLÜ & Co advises Ekin Kimya on its sales of shares to Azelis

The share sale agreement regarding the acquisition of Ekin Kimya Ticaret A.Ş. ("Ekin Kimya"), Turkey's leading chemical supplier by the Luxembourg-based Azelis SA ("Azelis") was signed last week where the ÜNLÜ & Co, Turkey's leading investment services and asset management group, provided M&A advisory services to the selling shareholders. Once the transfer is completed subject to the approval of Competition Board and the satisfaction of the relevant requirements, Azelis, a global supplier and distributor of specialty chemicals, will further strengthen its position in the Turkish market.

Mr. Muharrem Aktaş, Chairman of Ekin Kimya highlights that "This year, Ekin is celebrating its 25th anniversary. This acquisition will be a substantial development for the company to carry forward solid and sustainable growth tradition to the future. We are proud of the interest and trust shown to our company and Turkey by Azelis, one of the world-leading specialty chemical suppliers. I express my best wishes for all involved."

Mr. Murat Çıtıroğlu, Founding partner and Board Member of Ekin Kimya “As Ekin Kimya, we have grown with the long-standing sectoral partnerships with the well-known market players and the innovative ideas and solutions provided by our experienced and visionary human resources since its foundation. With this acquisition, Ekin Kimya will create value to Azelis in local and in international markets with these partnerships and its human resources as a regional hub in the group. We are pleased that this transaction will serve towards our goal in a mutually beneficial basis towards a better future.”

Mr. Mahmut L. Ünlü, Chairman and CEO of ÜNLÜ & Co. said that "Once more, the acquisition of Ekin Kimya demonstrated how appealing the strong domestic market dynamics and the role of our country is in the region for international players. We have witnessed significant interest shown by foreign strategic investors in the transactions we have closed and we are still working on this year. We believe that will create opportunities for the Turkish companies to expand their operations and be active across the international markets."  

Mr. İbrahim Romano, Managing Director of Investment Services, said that "We have witnessed the signing of share transfer agreement of Ekin Kimya, following a cooperative process that we have had with Azelis.  Thanks to this transaction, I believe in that the operations of Ekin Kimya and Azelis Turkey will be taken to another dimension in Turkey, and I wish this transaction will be fruitful for all parties involved. Such foreign investments to our country will be the driving force behind the improvement in the investment environment and the climate of trust for the foreign investors.”

About Ekin Kimya:

Founded in 1995, Ekin Kimya Ticaret A.Ş. is a leading-Turkish distribution company supplying chemicals and medical devices to industries such as pharmaceuticals, food and cosmetics. As a distributor of the products of World-leading chemical producers, company has also in-house laboratory facilities and competences providing support to the new product development activities in cooperation with customers. 

About Azelis:

Azelis is a leading distributor of speciality chemicals and food ingredients present in over 40 countries across the globe with around 2,000 employees. Our knowledgeable teams of industry, market and technical experts are each dedicated to a specific market within Life Sciences and Industrial Chemicals. We offer a lateral value chain of complementary products to about 40,000 customers, creating a turnover of ?1.94 billion (2018). In the US we operate under a number of renowned co-brands in the personal care market segment.

Throughout our extensive network of more than 60 application laboratories, our award-winning technical staff help customers develop formulations. We combine a global reach with a local focus to offer a reliable, integrated service to local customers and attractive business opportunities to principals. And we believe in building and nurturing solid, honest and transparent relationships with our people and partners.

 

Impact through ideas. Innovation through formulation.

 

About ÜNLÜ & Co:

Established as an independent financial advisory firm in 1996, ÜNLÜ & Co, is now Turkey’s leading investment services and asset management group.

ÜNLÜ & Co, Turkey’s market leader in mergers and acquisitions, strategic partnerships, primary and secondary public offerings and block sales, also provides debt markets advisory services to its corporate clients. The Group also offers tailor-made investment propositions and a wide range of investment solutions to individual and corporate investors through its DAHA Investment Advisory and Brokerage Services.

On the Asset Management Services front, the Group advises or manages mutual fund, alternative asset funds and non-performing loan portfolios.

ÜNLÜ & Co is headquartered in Istanbul with offices in New York and London and employs over 400 people.

 

ÜNLÜ & Co in Figures:

  • 57 completed M&A transactions valued at e. USD 10 billion since 2010. (Source: Mergermarket)
  • 31 transactions in public offerings, private placement and block sales and a trade volume of USD 3 billion since 2010; leadership in the market with a 30% market share in stock placements since 2010 excluding privatizations and intra-group transactions. (Source: Bloomberg)
  • 17 debt instruments under written since 2013. (Total volume equals TRY 1.7 billion) (Source: Borsa Istanbul)

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