We are pleased to announce Pragma Capital Partners' (PCP) acquisition of a 50% shareholding in ALPAR METAL A.Ş., a leading manufacturer of high-pressure die-cast (HPDC) parts for the automotive industry. The transaction was consummated through PCP’s Industrials Buyout Fund II with participation from leading institutional and private investors.
Alpar designs and manufactures low-volume, high-value added HPDC structural, kinematic, visual and battery housing parts primarily for luxury cars, sports cars, electric and hybrid vehicles as well as e-mobility applications. The Company generates more than 90% of its revenue from international markets, serving leading OEMs including Porsche, Ferrari, Lamborghini, AMG and McLaren with a contracted order backlog of more than €60 million. We are excited to team up with Akın Mergen on the journey to create a truly global platform.
PCP is a leading private equity firm focusing on investments in Türkiye with an AUM exceeding US$1 billion. We invest across growth equity and growth buyout strategies to support visionary entrepreneurs and management teams of fast-growing and export-oriented companies in realizing their domestic and international growth objectives.
Alpar marks PCP’s 4th investment in 2024 and 16th investment overall. More than 50% of the fund’s limited partners are first time investors with PCP. We will continue to invest through single-asset and multi-asset private equity funds to enable both our existing and new investors with proprietary access to successful Turkish private companies.
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