ÜNLÜ & Co advised Polinas Plastik’s acquisition of Propak Ambalaj
Gözde Girişim Sermayesi Yatırım Ortaklığı A.Ş.’s subsidiary Polinas Plastik Sanayii ve Ticareti A.Ş., signed a definitive purchase agreement for the acquisition of Propak Ambalaj Üretim ve Pazarlama A.Ş at an equity valuation of Euro 47 mn.
Gözde Girişim Sermayesi Yatırım Ortaklığı A.Ş.’s (“Gözde Girişim”) subsidiary Polinas Plastik Sanayii ve Ticareti A.Ş. (“Polinas”), has signed a share purchase agreement for the acquisition of Propak Ambalaj Üretim ve Pazarlama A.Ş. (“Propak Ambalaj”) at an equity valuation of Euro 47 mn. Upon completion, Polinas will own 90% of Propak Ambalaj.
Propak Ambalaj is one of the leading Turkish producer of flexible packaging. ÜNLÜ & Co successfully advised Gözde Girişim and Polinas on this transaction.
Gözde Girişim, as the private equity arm of Yıldız Group aims to secure high returns from investments in different sectors through leveraging on its parent company’s capabilities with a flexible management approach. ÜNLÜ & Co successfully advised on this M&A deal; having a significant importance for Gözde Girişim, Polinas and the Turkish packaging sector.
Simge Ündüz, ÜNLÜ & Co Corporate Finance Managing Director, sharing information about the partnership and the process, noted that this acquisition will add value to Gözde Girişim and Polinas’s existing assets and strengthen its presence in the packaging sector. Ündüz, profoundly expressed, “We are honoured to offer advisory services to Gözde Girişim and Polinas in this transaction which has a significant importance in the packaging sector. Gözde Girişim and Polinas will further enhance their position in the packaging sector with this transaction.”
The recent transactions ÜNLÜ & Co has successfully completed include; sale of 51% share of Ibrakom to CJ Logistics of South Korea, Akfen Holding’s sale of 40% stake in Mersin International Port for an amount of USD 869 million, sell-side advisory to Korozo Ambalaj and its shareholders in their partnership with Actera Group and the sell-side advisory to the shareholders of Asset Medikal in their sales of majority shareholding to Pera Capital.
About Gözde Girişim
Gözde Girişim is the private equity arm of Yıldız Group which aims to secure high returns from investments in different sectors through leveraging on its parent company’s capabilities with a flexible management approach.
Gözde Girişim operates in the packaging industry through its subsidiary Polinas.
Founded in 1982 as Turkey’s first BOPP (Biaxially Oriented Polypropylene) film manufacturer in Manisa, Polinas is the leader and pioneer in the industry. Polinas has been serving in the “Flexible packaging industry” since its foundation with BOPP films and from 90s onwards, with CPP (Cast Polypropylene) films. Upon the completion of its investment in 2012, Polinas started the production of BOPET (Biaxially Oriented Polyethylene Terephthalate) films; becoming the leading manufacturer of food and non-food flexible packaging films. With its current production capability and product portfolio, Polinas is among the leading manufacturers both in Turkey and Europe.
About Propak Ambalaj
Its foundations laid in 1977, Propak Ambalaj was founded in 2006 following the puchase of the production plant of Anadolu Ecopak by Serdar Çetin. Its majority stake acquired in 2011 by private equity fund TPACK, Propak is one of the leading flexible packaging producers in Turkey with its flexo and rotogravure printing capabilities.
ÜNLÜ & Co in Figures:
Ø 28 transactions in public offerings, private placement and block sales and a trade volume of USD 2.8 billion since 2010; leadership in the market with a 38% market share in stock placements since 2010 excluding privatizations and intra-group transactions. (Source: Bloomberg)
Ø 18 debt instruments under written since 2013 (total volume equals TRY 1.6 billion) (Source: Borsa Istanbul)
Ø Nearly USD 8 billion with 50 M&A transactions closed since 2010. (Source: Mergermarket)
About ÜNLÜ & Co
ÜNLÜ & CO, founded as an independent M&A advisory firm in 1996 is today the leading investment banking and asset management services group offering innovative solutions in corporate finance, debt finance and advisory, equity capital markets, wealth and asset management. ÜNLÜ & Co is the market leader in Turkey’s mergers and acquisitions, strategic partnerships, block sales and public listings. ÜNLÜ & Co is headquartered in Istanbul, with offices in New York and Singapore and employs 350 people.