Royalton Capital Investors II L.P., a private equity fund, announced that on 30 December 2013 one of its portfolio companies, IUS Legal and Business Solutions B.V., acquired in a proprietary transaction 54% of On Iki Levha.

The IUS’s purchase marks Royalton’s first investment in Turkey.

On Iki Levha is a leading Turkish legal publisher and book seller, founded by Erol Oz, Serdar Ozel and Gurol Oz in 2000. The company has 20,000 clients.

The IUS Group (www.iusbv.eu) operates in Ljubljana and Zagreb offering a full range of on-line services, through its legal, finance and tax portals, to professionals in Slovenia and Croatia. In addition, in Slovenia, the group publishes legal books and organizes conferences through its GVZ brand. The IUS Group employs 70 people, and, in 2014, serviced over 12,000 customers in both countries.

Nigel P. Williams, Royalton’s Managing Partner and Chairman of IUS BV, said: “The buyout of On Iki Levha fits perfectly with Royalton’s strategy of supporting the expansion of Royalton portfolio companies into neighbouring markets. We look forward to working with the On Iki Levha management team in continuing to provide legal and business content to the Turkish legal community. “

Since 2004, the IUS Group has been managed by Tomaz Iskra who will continue as group CEO and a shareholder.

Erol Oz CEO of On Iki Levha will join the board of IUS BV in Amsterdam and will continue to manage the Turkish business.

Tomaz Iskra said:  “We have established IUS as the market standard in Slovenia and already have 70% share of the Croatian market. When Royalton became our controlling shareholder at the end of 2011, they injected additional capital into the group to facilitate our international expansion. The acquisition of On Iki Levha is the realisation of an 18 month project to find a Turkish partner to take our platform into this larger market. “

Erol Oz said: “As On Iki Levha managers and owners, we realised that the next phase of development of the company was to diversify the dissemination of our content on to an on line platform. The partnership with IUS BV gives us the opportunity to use their premier systems and better service our customers."

Royalton Capital Investors II L.P. is a private equity fund focused on making private equity investments in the EU accession countries of Central and Eastern Europe. The fund was established in 2007.  Royalton Partners, the advisor to the fund, is a private equity, mid-cap development capital and buy-out manager, specializing in the CEE countries. Nigel Williams and Ivan Vohlmuth, the founding partners, have been working together since 1990 and manage the firm from offices in Warsaw and Prague.  Royalton was advised by TURUNC & Co (legal), KPMG (financial and tax). Sellers were advised by Moroglu Arseven (legal).

Royalton Partners
Nigel P. Williams, Managing Partner
Tel: + 48 22 386 5100

Tomaz Iskra, CEO
Tel + 386 41 72 22 11