Bancroft Group, a private equity firm, is investing an undisclosed amount in Kayalar Kimya, a leading Turkish coatings group. The investment will be made through the private equity firm's third fund, Bancroft 3, which is targeting total commitments of EUR250 million for investments in Central and Eastern Europe as well as Central Asia and the Caucasus.
Kayalar Kimya is a Turkish producer and a market leader for a wide range of wood and decorative coatings and distributes a wide range of specialty chemicals. The company was founded in 1976.
Other Turkish investments from the Bancroft Group include:
September, 2006 - Standard Profil A. S., tier-one rubber profile and weather-strip manufacturer for European and Turkish car manufacturers.
July, 2007 - Eko Finans Factoring Hizmetleri A. S., a factoring services provider in Turkey with 15 branch offices countrywide, focusing on small to mid-sized enterprises.
Bancroft is a US private equity firm that has been active exclusively in the region of Eastern Europe since 1989
Labels: Bancroft, Eko Factoring, Kayalar Kimya, Standard Profil