SUCESS STORY
Cryogenic equipment: analysis, clarity - due diligence for TURKVEN in secure investments and competitive advantage in global expansion
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CUSTOMER DESCRIPTION
Turkven is a leading private equity firm from Turkey that has been successfully building and strategically developing companies for more than 25 years. With over 5 billion US dollars of invested capital and membership in the Global PE Alliance, Turkven has a strong international network that promotes global growth opportunities.
KEY FACTS
Industry sector: Cryogenic equipment, Manufacturing
Region: Europe
Time zones: CET, TRT
Period/year: 2024, 2025; 8 months ( core phase shorter)
Teams: TURKVEN PE & ERIKESLY Advisory & Consulting
Services: Commercial Due Diligence, Procurement, Supply Chain, Operations
OUTPUT SITUATION
Karbonsan, a leading manufacturer of cryogenic tanks and pressure vessels based in Istanbul with production in Bursa, was evaluated by Turkven as part of a targeted acquisition review. The company offers customized solutions for the storage, transportation and distribution of liquefied gases such as LNG, LOX and CO2 and exports to over 80 countries worldwide.
OBJECTIVE
Under high time pressure in the initial phase, reliable statements on market size, growth, European competitor profiles, the value chain and operational efficiency levers were required in order to sharpen the investment thesis and manage risks at an early stage.
IMPLEMENTATION
We carried out the following activities for Turkven as part of the due diligence for Karbonsan:
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Commercial analysis of cryogenic tanks market size, CAGR, segments and applications
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Evaluation of the European key players including positioning and price points
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Along the value chain, we have made critical components, make-or-buy options, capacities and bottlenecks transparent and quantified costs and risk levers
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Building on this, we developed a strategic procurement playbook with supplier management, second source options
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Operationally, we defined benchmarks for process and cost structures and identified initial quick wins to increase efficiency
RESULT & NEXT STEPS
With the acquisition by Turkven in November 2024, Karbonsan is consistently focusing on accelerated growth and a stronger export orientation. We are currently in talks with Turkven to provide strategic support for business development, particularly through targeted networking and market analyses in Europe, the Middle East and the USA.