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Announced

15 May 2019

Completed

1 Jul 2019

Lincoln Electric completed the acquisition of an additional 50% stake in Askaynak.

Synopsis

Lincoln Electric, a global firm in design, development and manufacture of arc welding products, completed the acquisition of an additional 50% stake in Askaynak, a supplier and manufacturer of welding consumables, arc welding equipment, from Eczacibasi Holding. Financial terms were not disclosed.

Principals

target

Kaynak Teknigi Sanayi Ve Ticaret As

bidder

Lincoln Electric Holdings

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Market Context

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Bidder Team (5)

christopher l mapes

CEO at LINCOLN ELECTRIC HOLDINGS INC

Manager

bidder

Deals

n/a

Total Value

my linh vu-gregoire

Counsel at Jones Day

Lawyer

bidder

Deals

£ 53 M

Total Value

jennifer ansberry

General Counsel at LINCOLN ELECTRIC HOLDINGS INC

Manager

bidder

Deal

n/a

Total Value

amanda butler

Vice President at LINCOLN ELECTRIC HOLDINGS INC

Manager

bidder

Deals

n/a

Total Value

vincent k petrella

CFO at LINCOLN ELECTRIC HOLDINGS INC

Manager

bidder

Deal

n/a

Total Value

Vendor Team (4)

ibrahim romano

Managing Director at Unlu & Co

Financial Advisor

vendor

Deals

£ 1.73 B

Total Value

buelent eczacibasi

Chairman at ECZACIBASI HOLDINGS SA

Manager

vendor

Deal

n/a

Total Value

emrecan acikgoz

Associate at Unlu & Co

Financial Advisor

vendor

Deals

£ 313 M

Total Value

memet yazar

Vice President at Unlu & Co

Financial Advisor

vendor

Deals

£ 630 M

Total Value

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