Transactions

Sale of Ekin Kimya to Azelis

Azelis SA, a leading European distributor of specialty chemicals and food ingredients acquired Ekin Kimya, a leading Turkish specialty chemicals distributor. 

Ventura Partners acted as exclusive financial advisor to the shareholders of Ak-taş Dis Ticaret A.S. which owns majority shareholding in Ekin Kimya.

Established in Istanbul/Turkey in 1995, Ekin Kimya represents a large number of renowned world-class specialty pharmaceutical, food ingredients and lab chemicals manufacturers. With its 70 employees and more than 100 suppliers, Ekin Kimya serves around 700 customers. 

Established in 2001 through the merger of Novorchem of Italy and Arnoud of France, Azelis distributes specialty chemicals and food ingredients in around 40 countries. With its 2,000 employees and 40,000 customers, Azelis generates annual revenues of €1.9 billion. This acquisition will present new growth opportunities for Ekin Kimya to expand into new markets. 

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.