ÜNLÜ & Co acted as exclusive advisor on the sale of Solventaş to Yıldırım Holding
Shareholders of Solventas and Yıldırım Holding have entered into an agreement for the acquisition of Turkey’s leading independent liquid chemical storage terminal Solventaş Teknik Depolama A.Ş. (‘Solventaş’) by Yıldırım Holding subsidiary Yılport. Turkey’s leading investment banking services and asset management group ÜNLÜ Menkul Değerler A.Ş. (“ÜNLÜ & Co”) acted as the exclusive advisor to the sellers in this transaction.
Yıldırım Holding, with operations in 21 countries and 11 industries, signed an agreement with the shareholders of Solventas, to acquire 100% shares of Turkey’s leading liquid chemical storage terminal. The completion of the transaction is subject to necessary regulatory approvals and fulfillment of other conditions precedent.
ÜNLÜ & Co Chairman Mahmut L. Ünlü said: “Despite difficult market conditions, we have completed our third major M&A transaction in Turkey this year. Our goal is to continue adding value to investments across different industries with the same momentum.”
At the end of 2015, ÜNLÜ & Co advised the leading Malaysian utility Tenaga Nasional Berhad (TNB) in the acquisition of 30% shares in Turkey’s leading energy company GAMA Enerji A.Ş for 255 million USD. Before Solventaş, in the first half of this year, ÜNLÜ & Co advised Yıldız Holding, one of the biggest conglomerates in Turkey, the sales of its subsidiaries Della Gıda, Bahar Su and İlk Mevsim Meyve Suları to Japanese beverage company DyDo DRINCO for 335 million TRY. Furthermore, ÜNLÜ & Co successfully completed the block placement transactions of Anadolu Cam’s Soda Sanayii shares for 100 million USD and PETKİM shares for 50 million USD.