Bagzibagli Erdem & Sahin has advised Up Capital Management and UAE-based investor group Hawk Invest on an equity investment into CET Composite & Epoxy Technologies.
The investment value was not disclosed but, according to the firm, the company's valuation, as a result, is over USD 12 million.
According to the firm, CET Composite & Epoxy Technologies was established in 2019 and is a Turkish epoxy company serving the defense, medical, aviation, aerospace, automotive, and marine industries in the region. It produces epoxy-based chemical systems that match the complex composite requirements in these various markets.
Hawk Invest is a multinational investment group that has invested in strategic projects across the real estate, automotive, agri-food, textile, construction, and chemical industries. Up Capital Management is an independent multidisciplinary company focused on the Euro-Asian market and specializes in designing and managing innovative capital and business strategies for individuals and families.
Bagzibagli Erdem & Sahin's team was led by Partner Orhan Erdem.
Editorial Note: Initially, this article erroneously reported the investment value to be USD 12 million, rather than the company's valuation. The text has been amended to correct the error.