Deals

Completion Date
June 2009

Transaction Type
Project Finance

Transaction Value
$13.5 million

Lead Partner
Tulay Kaya
Telephone +90 212 370 60 60

Background
Daruma Corporate Finance acted as sole advisor to Kilic Group, the largest and leading aquaculture fish farming company in Turkey, in arranging $13.5 million mezzanine financing from NBK Capital – GSC Mezzanine Fund.
Kilic Group established by Mr. Orhan Kilic in early 90’s in Bodrum / Mugla, is the leading player of Turkish Aquaculture Industry in terms of high production and trade volume. The Group is capable of farming sea water and fresh water fish types as well as other aqua products. The Group established a fully vertically integrated production structure that can effectively respond to all phases of fish farming ranging from incubation to distribution to wholesalers.

What Difference Did We Make?
The transaction was initiated by Daruma and all apsects of the deal (due diligence, negotiations, documentation and legal) were managed by the Daruma team which included Tülay Kaya and Özge Kılıçlı.
This transaction was a result of a long relationship with the shareholders and a deep knowledge of both the aquaculture fish farming sector and the mezzanine funding market in Turkey.