Mahesh Singhi
Singhi Advisors Pvt. Ltd.
Hisarlar Makina Sanayi ve Ticaret Anonim Sirketi
Deal Type
Company sale
Sector
Industrials
Completion Date
10th January 2017
Deal Value
Not disclosed
Company Background
Hisarlar Makina Sanayi Ve Ticaret A.S. is engaged in the manufacture of agriculture and sports equipment, and trucks. Its products include excavator chassis and corners, engineering vehicle chassis, bus chassis, tractor safety cabins, soil cultivation machines, agricultural machines, cabins, and components. The company was founded in 1973 and is based in Eskisehir, Turkey.
Deal Summary
As a part of the transaction, Mahindra & Mahindra, the Indian multinational car manufacturing corporation headquartered in Mumbai, acquired 75.1 % stake in Turkey's Hisarlar. The balance share holding will be with European Bank for Reconstruction and Development (18.7%) and the founding Turker family (6.2%). Further, as part of the transaction, Darby Converging Europe Fund III will exit its investment.
The acquisition will help Mahindra to grow the farm equipment business in Turkey and Europe, making this entity a global manufacturing base for various farm implements and tractor cabins.
Singhi Advisors alongwith it's Turkey -based merger alliance partner , Odin Financial Advisors, acted as advisors to Hisarlar
Hisarlar Makina Sanayi ve Ticaret Anonim Sirketi deal contacts
Key members of the Singhi Advisors Pvt. Ltd. deal team crucial in the Hisarlar Makina Sanayi ve Ticaret Anonim Sirketi transaction
Latest Mergers Alliance News
Khronos Advisory (Thailand) has advised Electricity Generating Public Company Limited (EGCO) on USD95 million capital increase in PT Chandra Daya Investasi
Dresner Partners (USA) advised Connoisseurs Products on its sale to Willert Home Products
Ethica Group (Italy) advised Vicenza Mode, high-end knitwear manufacturer, in the sale of a majority stake to Sienna PE
