Coventya Beteiligungs GmbH to acquire 80% shares in Politeknik Metal Sanayi ve Ticaret A.S.

Coventya Beteiligungs GmbH (“Coventya”), a specialty chemicals company active in the field of surface treatment, signed a share purchase agreement with the selling shareholders on 21 December 2016 for acquisition of 80% of the shares in Politeknik Metal Sanayi ve Ticaret A.Ş., a public company, shares of which are currently traded on Emerging Companies Market, and operating in the aluminium surface treatment industry. The closing is subject to fulfilment of certain condition precedents.

Paksoy is pleased to announce that Elvan Aziz (Partner – M&A), Ömer Çollak (Partner – Capital Markets), Nazlı Bezirci (Senior Associate – M&A), Ökkeş Şahan (Senior Associate – Capital Markets) and Yasemin Ozman (Associate – M&A) advised Coventya in this transaction, including due diligence, drafting and negotiation of the transaction documents.