TSKB acted as the exclusive sell-side advisor in the majority stake sale of Samsun-based Medical Equipment Manufacturer Aygün to CEECAT Capital

Contributing to Turkey's sustainable growth with its investment banking and advisory services, TSKB served as the exclusive sell-side advisor in the majority stake sale of Samsun-based medical equipment manufacturer Aygün Cerrahi Aletler Sanayi ve Ticaret A.Ş. to the private equity fund CEECAT Capital.

Continuing to contribute to the country's economy with its investment banking and advisory services, as well as its corporate banking services, TSKB acted as the exclusive sell-side advisor for the M&A transaction between Aygün Cerrahi Aletler Sanayi ve Ticaret A.Ş. (“Aygün”) and CEECAT Capital. The process, through which CEECAT Capital acquired the majority of the shares of Aygün Cerrahi Aletler Sanayi ve Ticaret A.Ş. owned by Aygün family, was completed on 9 June.

Operating in the medical equipment sector, the company manufactures sterile container systems, surgical motor systems, disposable medical products and medical illumination systems. Founded in 1988, Samsun-based Aygün develops its products manufactured at international standards through its continuous R&D activities and exports them to the entire world.

Breaking many new grounds, the M&A transaction is the largest transaction in the Turkish medical equipment and services sector in the last 3 years. The transaction draws attention as the largest acquisition completed by private equity funds in the Turkish medical equipment sector in the last decade. It is also important as it is the first investment of CEECAT Capital private equity fund in its newly established fund. This successfully-completed transaction stands out as the first sell-side transaction of the year in the medical sector following the successful sell-side and buy-side M&A transactions of TSKB Corporate Finance team during 2019-2021 period marking the third completed M&A transaction of the team after technology sector sell-side and natural gas distribution sector buy-side transactions in 2021.

With its wide network, deep sectoral knowledge and extensive experience, TSKB Corporate Finance team continues to create value for its clients through effective management of the processes in both M&A and capital market transactions.