Sale of Kayalar Kimya to Bancroft

Substantial stake of Kayalar Kimya, leader in the Turkish industrial furniture paint and varnish market, has been sold to Bancroft Private Equity, mid-market regional private equity fund. Kayalar Kimya produces a wide range of coatings with a focus on wood and decorative coatings and also distributes a wide range of specialty chemicals. Marketing its wood coatings products under the Genç brand, Kayalar Kimya is the undisputed leader in the Turkish furniture coatings market and exports its products to 40 countries. Kayalar Kimya’s turnover exceeded EUR 70 mn in 2009. Financial and strategic advisor to Kayalar Kimya