Mediterra Capital, EBRD and Hermes GPE Acquire 70 Percent Stake in Arkel (CEE and CIS)

Source: Real Deals  |  Author(s): Lucy White

Turkey-focused private equity firm Mediterra Capital, global private equity specialist Hermes GPE and development finance institution European Bank for Reconstruction and Development have acquired a 70 percent stake in Turkey-based elevator technology company Arkel. Mediterra Capital invested through Mediterra Capital Partners II. Arkel manufactures electrical components for elevators and exports its products to countries across Europe and India. Financial details of the transaction were not disclosed.