BTS & Partners has advised the founders of Entekno Global and Diffusion Capital Partners on Croda International Plc.'s recent GBP 1.5 million acquisition of a minority stake in the company. The KS Attorney Partnership, the local legal arm of EY Turkey, advised Croda on the deal.
According to the Croda website, "we create, make and sell speciality chemicals that deliver real benefits to a range of diverse products including health and beauty, engine lubricants, plastics, and many more." Croda describes Entekno Materials as "an innovative young Turkish company focused on the development of a new generation of particle technology that will deliver superior protection benefits to the sun care and personal care markets." As a result of the investment, Croda reports, it "has become a minority shareholder as well as [Entekno's] exclusive route to market for the Personal Care industry and an R&D partner focused on driving innovation and delivering unique, natural and safe inorganic sunscreens to the market."
BTS & Partners’ team included Senior Counsel Okan Arican and Associate Gulce Gurdal.
The KS Attorney Partnership's team included Partner Ahmet Sagli and Senior Attorneys Bilge Cansiz Purtuk, Selami Efe Zengin, and Fatih Cem Ozer.