A leading Fabric / Denim mill in Turkey listed on Istanbul stock exchange is looking for a new owner. It is expecting an enterprise value of 180-200 million USD, but with debt of approximately 40-45 million, the equity value is estimated in the range of 140-150 Million USD.

Turkey’s most profitable and largest vertically integrated textile manufacturer

·         The product line and service available is shaped by specific customer demand.

·         The competitive edge in Turkish, European and American markets are created by world class products, competitive prices, logistical advantage and sales network.

      Experienced management with 15 years of experience and quality customer             base and middle to high end segment orientation promising further    increase in profitability.

·         Works with Europe’s and United States’ most reputable and well known retailers, denim and shirt producers.

      Recent investments

·         Investments of  USD140 million over last 9 years resulted in expansion of flexible production capabilities and decreasing capital expenditure needs for future.

      Strong design capabilities, innovation and R&D

·         In May 2009, the Research and Development unit gained the right to become an R&D Center by courtesy of the Ministry of Industry of Turkish Republic. Today 60 researchers with doctorates and postgraduate degrees are working on new product development projects, new machine technology development and new production technology development.

      Growth prospects

·         Global textile trade is expected to grow, as per McKinsey estimates, to USD800 Billion by 2014 (5 year CAGR of 10 per cent) which bring opportunities for the company in the short run as net exporter. Expected population growth of the company and GDP increase per capita in Turkey will expand the quality customer base hence the profitability.

      Proximity to High-End Retailers’ Textile Markets

·         85 per cent of the revenues are generated through direct and indirect exports with main export destination being European countries and USA with [70] and [24] per cent share, respectively, the rest being exported to Asia and Far East.

      Financial strength

·         Total asset value reaching USD260 million. More than 155 million dollar of Ebitda generation in last 5 years, despite economic turmoil. Gross profit and EBITDA margins with 30 per cent and 15 per cent in 2011. Low debt-to-equity ratio of around 20 per cent despite USD 60 million of investment over the last 6 years. Most profitable Company in the Turkish textile sector ranking first in 2011.