Deals

Completion Date
May 2010

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 Sirma Group, one of Turkey’s leading packaged water and mineral water companies, in arranging €13.5 million mezzanine financing from Darby, Franklin Templeton Investment Group, – Darby Converging Europe Mezzanine Fund, L.P.
Sırma Group is one of Turkey’s leading packaged water and mineral water companies, which develops, produces, markets and distributes a wide range of products: natural mineral water, packaged water; “new age” alternatives such as fruit flavored soft drinks, vitamin-added, fruit-flavored, natural sparkling mineral waters; and energy drinks.

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 Hayrettin Büyükizgi.
This transaction was a result of a long relationship with the shareholders and a deep knowledge of both the packaged water sector and the mezzanine funding market in Turkey.