Mergers & Acquisitions Advisory

Burgan Securities has successfully advised a number of foreign companies, including OMV and Italcementi, as well as leading domestic groups including Koç Holding, Sabancı Holding and Anadolu Group, in M&A and privatization projects.

Some of the transactions completed by Burgan Securities Corporate Finance Team are presented below:

Ekol Gıda

Burgan Securities advised Ekol Gıda during the sale of 51% stake to Cargill.

Burgan Securities provided the following advisory services:

  • Preparation of information package
  • Preparation of management financials
  • Negotiation of term sheet
  • Formation and coordination of legal and tax advisors
  • Preparing the data room
  • Assisting in the sale strategy and structure
  • Participating and coordinating the negotiations of the agreements

The transaction was closed on September 4th, 2015

smith&nephew

Burgan Securities advised Plato Grup during the sale of majority of its assets to Smith&Nephew.

Burgan Securities provided the following advisory services:

  • Preparation of information package
  • Preparation of management financials
  • Negotiation of term sheet
  • Formation and coordination of legal and tax advisors
  • Preparing the data room
  • Assisting in the sale strategy and structure
  • Participating and coordinating the negotiations of the agreements

The transaction was closed on September 30th, 2013

Hakan Plastik

Burgan Securities advised Georg Fischer during the acquisition of majority stake at Hakan Plastik.

Burgan Securities provided the following advisory services:

  • Identifying investment opportunities in Turkish piping industry
  • Financial valuation of Hakan Plastik
  • Assisting Georg Fischer to formulate and structure the non-binding offer
  • Assisting Georg Fischer for structuring the project advisory team
  • Coordination of due diligence process and project team members
  • Participating and supporting the negotiation of the SPA and other relevant agreements
  • Post-signing documentation support

The transaction was closed on July 16th, 2013.

Lumberjack

Burgan Securities advised Ziylan Grup in the acquisition of Lumberjack brand from 3A Antonini S.P.A.

Burgan Securities provided the following advisory services:

  • Negotiation of term sheet
  • Formation of the Italian due diligence teams
  • Coordination of due diligence, valuation and tax planning processes
  • Assisting in the acquisition strategy and structure
  • Participating and coordinating the negotiations of the agreements

The transaction was closed on April 12th, 2012.

Assan Consumer Finance

Burgan Securities advised Kibar Holding in its sale of a 100% stake in Assan Consumer Finance to Abdul Latif Jameel Co. Ltd.

Burgan Securities provided the following advisory services:

  • Coordinating the process by executing every single step of the sale
  • Preparing the data room
  • Developing counter negotiation tactics and strategies
  • Managing the due diligence process
  • Assisting in the preparation of transaction documents

The transaction was closed on May 24th, 2011.

Set Group Holding

Burgan Securities provided buy-side financial advisory services to Limak Holding in its acquisition of Set Group Holding' s shares for a consideration of € 290 mn in enterprise value.

Burgan Securities provided the following advisory services:

  • Gathering detailed information on the target company
  • Performing valuation analysis of the target
  • Managing the due diligence process
  • Coordinating the entire negotiation process via undertaking necessary execution activities and providing essential data for strategic decision making

The transaction was closed on March 25th, 2011.

Soli

Burgan Securities advised Soli Shipyard' s shareholders for the sale of Soli Shipyard to Enka İnşaat and its subsidiary Çimtaş for US$20 mn.

Burgan Securities provided the following advisory services:

  • Preparing the Company for a competitive bidding process through pursuing different potential bidders
  • Determining potential bidders and managing relations
  • Preparing the marketing documents

The transaction was closed on September 21st, 2010.

Vakıfbank Pension Funds

Burgan Securities advised Vakıfbank Pension Funds for the sale of their 51% share in Atakule GYO, to Ismail Tarman, a private investor, for US$68mn.

Burgan Securities provided the following advisory services:

  • Coordinating the process by executing every single step of the sale
  • Preparing the Company for a competitive bidding process through pursuing different potential bidders
  • Determining potential bidders and managing relations
  • Preparing the marketing documents
  • Preparing the data room
  • Coordinating negotiations with different parties through continuously developing counter negotiation tactics and strategies

The transaction was closed on November 24th, 2009.

Hellenic Petroleum

Burgan Securities advised Hellenic Petroleum in the acquisition of a 100% stake in Opet / Aygaz Bulgaria EAD, the Bulgarian petrol station chain subsidiary of Opet and Aygaz for €35.3 mn.

Burgan Securities provided the following advisory services:

  • Preparing information on Bulgarian macroeconomic environment
  • Gathering detailed information on the target company
  • Valuing the target company
  • Managing the due diligence process
  • Coordinating the negotiations

The transaction closed on October 31st, 2008.

Italgen

Burgan Securities advised Italgen, the energy subsidiary of Italcementi Group, in their strategic acquisition of a company operating in Turkish wind energy sector.

Burgan Securities provided the following advisory services:

  • Presenting information on the Turkish macroeconomic environment
  • Gathering detailed information on potential target companies and the market
  • Analysing and determining the targets
  • Valuing the target company
  • Managing the due diligence process
  • Coordinating the negotiations

The transaction was closed on July 9th, 2008.

Italcementi

Burgan Securities advised Italcementi Group in the acquisition of a 35% stake in Göltaş, a leading Turkish cement company, through stock purchases from the Istanbul Stock Exchange.

Burgan Securities provided the following advisory services:

  • Presenting local market information
  • Providing financial information, insight into the macroeconomic environment, as well as data on target company and comparable companies
  • Valuing the target company
Titan

Burgan Securities advised Italcementi Group in the sale ok Domiki Beton SA located in Greece, to global cement player Titan Cement SA.

Burgan Securities provided the following advisory services:

  • Identifying potential domestic and international bidders and managing relations
  • Devising detailed marketing documents including sector, market, and company related information
  • Preparing and managing the data room process
  • Coordinating negotiations with different parties through continuously developing counter negotiation tactics and strategies

The transaction closed on January 15th, 2008.

Tekfenbank

Burgan Securities advised EFG Eurobank Ergasias SA in the acquisition of a 70% stake in Tekfenbank from Tekfen Holding, for US$182mn.

Burgan Securities provided the following advisory services:

  • Presenting local market information
  • Providing financial information; insight into the macroeconomic environment; and data on comparable companies
  • Valuing the bank
  • Coordinating the entire negotiation process via undertaking necessary execution activities and providing essential data for strategic decision making
  • The mandate comprised the provision of full fledged buy side advisory services

The transaction closed on March 16th, 2007.

Koç Holding

Burgan Securities advised Koç Holding, one of the largest and most reputable conglomerates in Turkey, in the sale of 55% of its group company Döktaş, to Finnish Componenta Corporation for US$111mn.

Burgan Securities provided the following advisory services:

  • Coordinating the process by executing every single step of the sale
  • Preparing the Company for a competitive bidding process through pursuing different potential bidders
  • Determining potential bidders and managing relations
  • Preparing the marketing documents
  • Performing valuation analysis
  • Preparing the data room
  • Coordinating negotiations with different parties through continuously developing counter negotiation tactics and strategies

The transaction closed on December 12th, 2006.

POAS

Burgan Securities advised Austrian industry giant OMV AG in the acquisition of a 34% stake in Petrol Ofisi for US$1.054bn from Doğan Group.

Burgan Securities provided the following advisory services:

  • Presenting local market information
  • Providing financial information, insight into the macroeconomic environment, and data on comparable companies
  • Valuing the company
  • Coordinating the entire negotiation process via undertaking necessary execution activities and providing essential data for strategic decision making

OMV and POAS's major shareholder, Doğan Group, signed a Share Purchase Agreement and Shareholders' Agreement on March 13th, 2006, for the sale of 34% of POAS shares to OMV by Dogan Group for US$1.054 bn.

The transaction closed on May 16th, 2006.

Kipa
  • Kipa, the leading hypermarket chain of Izmir province, was approached by Tesco Plc. one of the global retailer giants, in 2002 with and offer for potential strategic partnership of retail operations in Turkey.
  • Burgan Securities acted as the exclusice sell side advisor of Kipa shareholders on this transaction by undertaken leading role in:
    • valuation of the sale
    • counter strategy development for negotiations
    • coordination of project teams
    • The transaction was closed on November 11, 2003 and Kipa was acquired by Tesco for US$163 mn.