Alpacar Associates acted as the exclusive financial advisor to the shareholders of GlassHouse in this transaction.

Founded in 2004, Glasshouse has established itself as a market leader in data backup and business continuity, managed cloud and SAP Infrastructure services in Turkey. The Company serves a wide range of sectors including banking, technology, telecommunications, public services with offices in Turkey, Qatar and South Africa.

Founded in Abu Dhabi over 47 years ago, the e& Group (ADX:EAND) has a rich legacy as the pioneer in telecommunications in the UAE, currently with a market capitalization of US$ 38 billion. e& enterprise, one of the five brands within the e& Group provides end-to-end digital transformation solutions to organizations in various sectors. Leveraging the e& Group's extensive experience as a managed service provider, e& enterprise supports its customers' digital transformation in multiple countries.

The transaction underscores Alpacar Associates’ expertise in the technology sector and its ability to deliver successful outcomes in the sale of Turkish businesses to international strategic buyers.