Alpacar Associates

Alpacar Associates acted as the financial advisor to the shareholders of Mars Athletic Club (MAC) for its sale to Benefit Systems SA for USD 420mn. MAC shareholders include leading Turkish financial investors, Actera Group and Esas Holding. This transaction highlights Alpacar Associates’ deep expertise in executing landmark cross-border transactions in Turkey. With a proven track record of delivering best-in-class financial advisory services, Alpacar has ensured value maximization for MAC shareholders reflecting the Company’s market leading position. Alpacar Associates' continued success in this transaction further strengthens its reputation as a trusted advisor for private equity firms in complex transactions. MAC is the leading fitness company in Turkey, shaping the market with a proven consumer proposition that engages one of the world’s largest fitness communities. Established in 2006 as a gym operator, MAC has evolved into an omnichannel fitness company, expanding beyond traditional fitness services with differentiated formats such as fitness clubs, spas, boutique studios, and the MAC+ app, which serves as the digital backbone of the MAC community. Benefit Systems, listed on the Warsaw Stock Exchange since 2011, is a leading provider of the MultiSport programme, offering 2 million+ users access to thousands of sports and recreation facilities across Poland, Czechia, Slovakia, Bulgaria, and Croatia. Beyond MultiSport, the company operates 300+ fitness clubs, ranking among Europe’s top 10 fitness operators. Deal team includes: Ali T. Alpacar, Aybike Guler, Burcu Özyılmaz, Eylül Ada Manav, Meltem Ozkan #mergersandacquisitions #investmentbanking #sportscenter

e& enterprise, a leading technology group operating in 32 countries across the Middle East, Asia, and Africa, signed definitive agreements for the acquisition of a 100% stake in GlassHouse Türkiye (the “Company”). Shareholders of GlassHouse include Mediterra Capital Private Equity ("Mediterra"), a prominent independent private equity firm specializing in investments in Turkish companies. Alpacar Associates acted as the exclusive financial advisor to the shareholders of GlassHouse in this transaction. Founded in 2004, Glasshouse has established itself as a market leader in data backup and business continuity, managed cloud and SAP Infrastructure services in Turkey. The Company serves a wide range of sectors including banking, technology, telecommunications, public services with offices in Turkey, Qatar and South Africa. Founded in Abu Dhabi over 47 years ago, the e& Group (ADX:EAND) has a rich legacy as the pioneer in telecommunications in the UAE, currently with a market capitalization of US$ 38 billion. e& enterprise, one of the five brands within the e& Group provides end-to-end digital transformation solutions to organizations in various sectors. Leveraging the e& Group's extensive experience as a managed service provider, e& enterprise supports its customers' digital transformation in multiple countries. The transaction underscores Alpacar Associates’ expertise in the technology sector and its ability to deliver successful outcomes in the sale of Turkish businesses to international strategic buyers. In the recent past, Alpacar Associates has advised on several notable technology transactions, including: -The sale of Mikrogrup to TeamSystem of Italy -The sale of Karel to Doğan Holding -The sale of Arvento to a joint venture between Sabancı Holding and Bridgestone -The sale of Mobiliz to GPS Bulgaria -The merger of Mid Europa owned CMC İletişim with M+ Grupa These transactions highlight Alpacar’s consistency in providing outstanding M&A advisory services to its clientele in the technology sector. About Alpacar Associates Alpacar Associates is an independent investment banking firm providing expert financial advisory services to local and international corporations, conglomerates, financial institutions as well as private equity firms. Alpacar Associates serves its clientele through its best-in-class team, commanding a track record of more than 60 transactions covering numerous industries. Deal team includes Gonenc Altinoklar, CFA, Ahmet Sacma, Umut Şiyar Yıldız and Şahin Güçer. #mergersandacquisitions #investmentbanking #managedcloudservices

Ege Kimya San. ve Tic. A.S., the leading specialty chemicals company in Turkey has acquired Tunçtaş, a regional sodium silicate, dextrin glue and paper core producer serving the Aegean region. Alpacar Associates acted as the exclusive financial advisor to Ege Kimya shareholders in this transaction. Ege Kimya Group is the leading Turkish specialty chemicals company, commanding extensive expertise in the production of silicates and metal-based chemicals, with an impressive 68-year track record. The Group further owns a 49% stake in Egesil, the joint venture with the European chemical giant Evonik. Egesil is the second-largest silica plant in Europe. With robust international ties, Ege Kimya reaches over 60 export destinations across Europe, MENA, and the Americas. The company demonstrates advanced production capabilities in a sizeable manufacturing facility covering 100k square meters. Its successful product innovations in recent years showcase its proven research and development expertise. Tunçtaş is a regional sodium silicate, dextrin glue and paper core producer serving the Aegean region. Established in 1977 as a sodium silicate manufacturer, it has expanded its product portfolio to include over 10 SKUs. The transaction further cements Alpacar Associates’ standing in 2024 for delivering top-notch financial advisory services to local enterprises and serves as a testament to the company's proficiency in navigating intricate financial landscapes, placing a significant emphasis on its commitment to meeting the distinct and nuanced needs of local businesses. About Alpacar Associates Alpacar Associates is an independent investment banking firm providing expert financial advisory services to local and international corporations, conglomerates, financial institutions as well as private equity firms. Alpacar Associates serves its clientele through its best-in-class team, commanding a track record of more than 60 transactions covering numerous industries. The deal team includes Gonenc Altinoklar, CFA, Aybike Guler, Ahmet Sacma and Meltem Ozkan. #investmentbanking #mergersandacquisitions #chemicals