BDA advises OEP Turkey Tech on sale of Netas Telekomunikasyon to ZTE

BDA Partners (“BDA”) is pleased to announce that its client, OEP Turkey Tech B.V., an investment managed by One Equity Partners (“OEP”), has sold 48.08% equity stake in Netas Telekomunikasyon AS (“Netas”), to ZTE Corp (“ZTE”), a Chinese multinational telecoms and IT provider.

Netas, based in Istanbul, Turkey, offers innovative and creative solutions in information and communication technologies, including end-to-end value-added solutions, system integration, and tech services to providers and corporations in international markets.
The transaction will provide Netas with broader product and service capabilities to grow in Turkey and in international markets. Coupled with Netas’ project delivery expertise, ZTE will enhance its service efficiency to customers in Turkey and key overseas markets, increasing its income and resource utilization.

BDA acted as financial advisor to OEP on the transaction alongside co-advisors UniCredit and Yapı Kredi Bankası A.Ş.

Dr. Zhao Xianming, CEO of ZTE, said, “ZTE welcomes collaboration between Netas’ R&D center and ZTE’s R&D capabilities. ZTE’s vision, know-how and patent portfolio, along with Netas’ expertise in areas of VoIP, IT, GSM-R and cyber security, among others, will bring more exciting solutions and breakthroughs to the ICT industry.”

Andrew Dunn and Joe Huffsmith, OEP Board Members, stated, “Netas has been a tremendous success story and flagship enterprise in Turkey, growing 400% since OEP invested 6 years ago. On our watch, the Netas team has executed a transformative acquisition to dramatically expand their ICT capabilities, expanded internationally beyond Turkey, and developed a service strategy yielding attractive margin increases. We are confident that with ZTE’s investment, global reach and product depth, Netas is now extremely well positioned for future success.”