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Sell-side advisory to Esitas shareholders in their sale of 100% equity stake to Arteche

Ventura Partners acted as exclusive financial advisor to Esitas shareholders in the Company’s business in Turkey and Indonesia sale to Arteche


This transaction was marked as the first M&A deal to be completed in the Turkish transformers market.


Established in 1984, Esitas, is one of the leading companies in Turkey in the transformer industry, producing low and medium voltage instrument transformers up to 40.5kV with two factories in Turkey and Indonesia.


Founded in 1946, Arteche carries out its activity in the electricity sector, from generation to distribution, specializing in the equipment, components and electric solutions industry. Arteche has commercial distribution capacity in over 150 countries; it has 11 factories in Europe, America and Asia, including 6 research centers, and over 2,000 employees. Ranking among the top three world leaders in the instrument transformers market, Arteche leads the auxiliary relays market and maintains a regional leadership position for the remaining products specifically intended for highly-demanding and high added value markets, such as renewable generation and railway.


Kerim Kotan from Ventura who led the deal said: “We are proud to have had exclusively advised Esitas founders in this landmark transaction, where we are witnessing a global industrial company acquires for the first time a transformer company in Turkey. As the leading investment banking advisor services firm, we are thrilled to bring many firsts to our sector as well.”