Leading Turkish meat and meat products company acquired
Cattle feed business of Harranova Besi ve Tarim from Koc Holding
2013
Adviser to the Buyer
(19/3/2013) Namet Gida, a leading Turkish meat and meat products company acquired the cattle feed business of Harranova Besi ve Tarim Urunleri A.S. from Koc Holding.
Ventura Partners acted as exclusive financial advisor to Namet on the transaction.
Namet Gida, a leading Turkish meat and meat products company acquired the cattle feed business of Harranova Besi ve Tarim Urunleri A.S. from Koc Holding. Ventura Partners acted as exclusive financial advisor to Namet on the transaction.
Namet Gida which joined the Kayalar Group in 2005, is one of the leading meat and meat products producers in Turkey. Namet produces deli products, fresh meat, further processed products, frozen meatball and burgers in Turkey’s largest integrated meat processing plant with a closed area of 34.600 m² in İzmit. Namet ranks 120th among the top 500 Turkish companies (ISO 500) with annual revenues of around US$325 million. The company employs about 700 people.
Harranova Besi Çiftliği was established jointly by Koc Holding and Ata Insaat as a cattle breeding company in 2000. The Sancak Group became a shareholder in the company in 2003. After all the shares were taken over by Koc Holding in 2006, in addition to its existing meat and cattle breeding operations, the company started tomato paste production through the cooperation with Tat Konserve, a Koc Group company. The Morning Star, a leading global tomato paste producer acquired 10% shareholding in the company in 2008.
Ventura Partners, based in Istanbul-Turkey, is one of the leading M&A advisory boutiques providing corporate finance services in a broad range of sectors.