TSKB Acts as Financial Advisor for DowAksa Regarding the Acquisition of c-m-p GmbH by MCC
Ensuring the effective management of firms' merger and acquisition projects through its experience, extensive network of relations and deep sectoral knowledge, TSKB also offers consultancy services regarding international transactions. The bank served as the financial advisor of DowAksa Advanced Composites Holdings BV during the sale to Mitsubishi Chemical Corporation of German cmp GmbH where DowAksa Advanced Composites Holdings BV held 50 percent of the shares.
Boasting with 70 years of experience, the Industrial Development Bank of Turkey (TSKB) offers financial consultancy services regarding the merger and acquisition of national and international companies. Ensuring the effective management of the process by identifying the most suitable partnership mode and candidate partners for its clients, the Bank acted as the financial advisor of the selling party during the sale of German g-m-p GmbH to MCC. The process finalized on March 2 led to the transfer of all shares of the company to Mitsubishi Chemical Advanced Materials, an affiliate of MCC.
Stating that they acted as the financial advisor of DowAksa Advanced Composites Holdings BV, one of the shareholders, throughout this process, Poyraz Koğacıoğlu, TSKB Corporate Finance Managing Director, provided the following information: “c-m-p GmbH, the company subject to sale, manufactures high-tech carbon fiber prepreg used in sectors such as aviation, defense and automotive. Mitsubishi CC already has prepreg manufacturing facilities in the US and Japan. DowAksa will continue to focus on producing innovative carbon fiber composite solutions for the international wind and automotive markets and on the specific needs of the Turkish aerospace and defense industries. It has been an exclusive source of happiness and pride for us to act as a financial advisor in this strategic sales process, which will have very positive implications for all parties.”
Koğacıoğlu also made the following remarks: “TSKB's involvement in the acquisition of a firm located abroad whereby both the selling and purchasing parties are international players is an important symbol of trust in the bank. At TSKB, we ensure the effective management of firms' processes regarding both mergers and acquisitions and capital market transactions for our clients through our unique experience, extensive network of relations and deep sectoral knowledge."
DowAksa Advanced Composites Holdings BV, a joint venture of Aksa Acrylic, one of the leading chemical companies in Turkey, and Dow Chemical Company from the USA, was established in 2012. In 2014, the company acquired 50 percent of the shares of c-m-p GmbH, one of the world's leading specialty carbon fiber prepreg manufacturers. Following the sales transaction on March 2, these shares and the remaining 50 percent shares held by three German individuals were transferred to Mitsubishi Chemical Advanced Materials, an affiliate of MCC.
