Taxim buys Turkish lingerie designer Suwen
Turkish GP Taxim Capital has acquired a 51% stake in Turkish undergarment producer Suwen for an undisclosed value.
The GP drew equity for the transaction from its €200m buyout fund Taxim Capital Partners I, which held a final close in May 2017.
Taxim generally makes investments of €5-30m in companies with enterprise values of €10-100m, according to unquote" data.
Company
Suwen is an undergarment producer and retailer with 40 stores in Turkey. The company specialises in women's lingerie and it employs 245 people.
People
Taxim Capital – Berkin Mungan (director).
Advisers
Equity – Deloitte (commercial due diligence); EY (financial due diligence); Turunc (legal).
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