Alantra advises Quexco on the acquisition of Mutlu Akü, one of the largest auto battery manufacturers in Türkiye

Sep 2024

Buy-side advisory

New York – Alantra has acted as exclusive financial advisor to Quexco Incorporated, a US-based diversified, private holding company with over a 50-year history of successful investments in lead-acid battery and related industries, on its acquisition of Mutlu Akü, one of the largest auto battery manufacturers in Türkiye, from Metair Group, a publicly-listed, South African automotive component manufacturing company.

Aakash Bhasin, Managing Director at Alantra, said: “It has been a pleasure to support Quexco in this acquisition by leveraging our deep expertise in cross-border transactions, in this case spanning three continents. Our team’s ability to help the client navigate both the complex financial challenges in assessing a business operating in a hyperinflationary environment and the public company transaction process was critical in assisting the client on this important transaction.”

Completion of the transaction is subject to Metair shareholder approval, regulatory approvals and other customary conditions.