One Equity Partners considers Turkish chem business

The deal, which would value Akdeniz Kimya at up to $300m (TRY 537m) could be signed before year-end. Citigroup is leading the sales process.

Izmir-based Akdeniz Kimya was founded in 1976 and produces metallic soaps, metallic components, lubricants, hydrotalcites and other speciality chemicals. It has an annual production capacity of 115,000 metric tonnes. With 450 employees, the company generates sales in 75 countries worldwide. 

Oyak was established in 1961 and is Turkey's largest private pension fund. It has 260,000 members and TRY 13.8bn (£4.8bn) in assets under management.

In March 2012, One Equity Partners acquired British transport packaging provider Linpac Allibert. The deal was valued at £50-100m.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• CEE
• Now researching
• Industrials
• Investments
• Turkey
• One Equity Partners