Autoking has sold its remaining shares to General Automotive Services BV
The private shareholders of Autoking have sold their remaining 50% of the company to General Automotive Services BV (GAS) for an undisclosed consideration.
Founded in 2001, Autoking is the leading auto service provider in Turkey, serving the insurance companies and car owners with its unique business applications for the small and medium size damages. The company operates in Turkey, Russia and Greece.
General Automotive Services BV is a subsidiary of Cooperative Turkish Equity Investments UA.
Oaklins' team in Turkey advised the founding shareholders of Autoking when they sold a 50% stake in the company in 2013 to the PE-backed General Automotive Services BV. Our team also acted as the exclusive financial advisor to Autoking’s shareholders in the sale of their remaining stake in Autoking to GAS.
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