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PAE Advises on Sale of Epsilon Composite

PAE Advises on Sale of Epsilon Composite

Turkey
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Pelister Atayilmaz Enkur has advised the individual shareholders of Epsilon Composite Technologies and Defense Industry on the sale of a 51% stake in the company to Akkok Holding, ARD Holding, and NDC Holding. Herguner Bilgen Ozeke reportedly advised the buyers on the deal.

Financial details were not disclosed. 

Epsilon Composite is a composite aero-structures manufacturing company based in Ankara, Turkey. The company is a supplier to the aviation and aerospace industry, including Airbus, KAI, Patria, and Bell Helicopter.

Akkok Holding conducts operations in the fields of chemicals, energy, and real estate, with 19 commercial and industrial enterprises.

According to PAE, “following the completion of the transaction, Epsilon Composite became the joint venture company owned by the sellers and purchasers with a shareholding ratio of 51:49. The sellers will continue to hold 49% of Epsilon Composite’s share capital via another Ankara-based entity, [Epsilon Aviation], and the parties will have joint control in the management of the company. Epsilon Composite’s main shareholder, Mr. Baris Nalcaci will continue to stay in Epsilon Composite’s board of directors as an executive board member.”

PAE’s team included Partner Gokhan Enkur, Senior Associate Senem Sarac, Associate Mehmet Ali Sertac Kocahal, Junior Associate Behiye Gokceli, and Intern Ahmet Yasar.

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