Alpacar Associates acted as the exclusive financial advisor to Karel on its controlling stake sale to Doğan Holding

Established in 1986 by the Tunaoğlu Family, Karel is the undisputed leader of the Turkish industrial technology sector, operating in electronic board services, communication electronics and cloud-based communication solutions, defense, IoT, telecom maintenance and infrastructure services and automotive electronics.

This transaction supports Doğan Holding's strategy of developing its investment portfolio with fast-growing technology companies as well as companies that have the potential to become regional players and have high cash generation; while strengthening Karel’s position with the addition of a long-established conglomerate as a partner.

Strong positioning in contract negotiations while maintaining the competition amongst potential bidders throughout the process to ensure the client’s interests are preserved; the process has been finalized smoothly via ensuring effective communication with both the shareholders and all other consultants.