ISTANBUL, March 8, 2018 /PRNewswire/ --
GERSAN ELEKTRIK Ticaret ve Sanayi A.S ("GERSAN" or "GERSAN A.S.") has signed a funding facility for TRY million under a Share Subscription Facility ("SSF") and Call Option Agreement, (the "Agreement") with GEM Global Yield Fund, the private alternative investment group.
This TRY million will be raised from a combination of instruments, TRY50 million in capital from the SSF and TRY million from the Company issuing [7.1] million call options that can be exercised within three years by GEM Global Yield Fund, at the price which represents TRY[7.2] Per Share.
This new Agreement will be used to provide strength to the working capital of the Company.
GERSAN A.S., established in 1980, is a leading company in the electrical industry with 38 years of experience. GERSAN A.S. is a complete "R & D" - innovation company and produces technological electrical products. Some of our products are patented internationally.
These products hold international certificates such as GOST, IEC, BS, TSE, EN, ATA, IPH, ISO9001-14001-18001, and CE. We export to 88 countries.
Our production facilities:
- Main Istanbul factory 7.000m2
- Zonguldak-Caycuma production facility 46.000m2
- Russia-Kaliningrad facility 10.000m2 on 36.000m2 area (Governmental investment support till 2032)
- Oman facility 5.000m2 with Governmental support
We have showroom organisations in Dubai, Nigeria, Kazakhistan, Latvia, Qatar.
Our main fields of operations are;
- 25-6300A LV Busduct systems
- 36kV MV Busduct systems
- IP 55 & 68 protection class
Distribution Panel Systems;
- ASTA certified for 5000A 150kA-1sc,
G-Bus Industrial Automation Control
- International Patented PLC power line communication automation
LED Lighting Systems
- Face recognition and matching software,
- Smart Street Light Automation Systems,
AC / DC / Wireless Electrical Car Charging Systems,
Cable Management and Support Systems,
Underfloor Trunking Systems,
All products and productions are ISO, IEC, EN, ENEC and CB certified.
Global Emerging Markets (http://www.gemny.com) was founded in 1991. GEM is a USD 3.4 billion investment group having completed 375 transactions in 68 countries. The firm is an alternative investment group that manages a diverse set of investment vehicles across the world. GEM's funds include and have included : CITIC-GEM Fund, Kinderhook, GEM Global Yield Fund, GEM India and VC Bank/GEM Mena Fund*.
(*GEM exited both its LP and GP stakes in Q1 2010.)
For more information, please contact:
GERSAN ELEKTRIK Ticaret ve Sanayi A.S
28 Cours Albert 1er, 75008 Paris