Deals

Completion Date
June 2010

Transaction Type
Debt Restructure

Transaction Value
€26.4 million

Lead Partner
Tulay Kaya
Telephone +90 212 370 60 60

Background
Daruma Corporate Finance acted as sole advisor to Kastamonu Entegre in arranging €26.4 million senior debt for financing new particle board plant in Turkey. Kastamonu Entegre is currently the largest particle board (PB) and 2nd largest Medium Density Fiber Board (MDF) manufacturer of Turkey in terms of production capacity.

Total wood based panel production capacity of Kastamonu Entegre is 2.1 million m3 which is composed of 1.3 million m3 particle board and 0.8 million m3 MDF.Consolidated net sales of Kastamonu Entegre were €441.4 million in 2008 and €450.2 million in 2009.

What Difference Did We Make?
Thank to our long-standing relationship with the shareholders and top management of Kastamonu Entegre, one of the leading forestry groups in Turkey and Europe, and deep sectoral know-how, we provided debt advisory service in arranging senior debt financing for particle board production line and all acessories in Gebze plant.