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Turunc Advises Elba on Investment by Revo Capital

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The Turunc law firm has advised Elba HR (now being rebranded as Peoplise) on investment into the company by Revo Capital. BTS & Partners advised Revo on the investment, which was part of the Borsa Istanbul Private Market (BIST).

Peoplise is an integrated and video-enabled digital platform for the recruitment needs of enterprises. According to the company’s website, “our mission is to help HR practitioners to utilize digital and analytical technologies in all steps of the talent acquisition process and create the best teams for their business with lower turn-over, higher performance as they grow."

Revo Capital is a venture capital fund investing, according to its website, "in truly innovative, seed & early-stage B2B or B2C technology ventures in Turkey."

BIST is a web-based and membership-based platform that brings companies and investors together to buy or sell shares without going public. 

Revo Capital GM Cenk Bayraktar said that the the Peoplise team had “demonstrated the value of its products” by making many of Turkey’s most important companies and brands customers. He also said that Revo hopes to contribute to this growth and expand the company's success outside of Turkey.

Peoplise Chairman Guclu Ozenci and GM Cagatay Gunay thanked Revo Capital and the Borsa Istanbul Private Market and said “We’re just getting started. Keep watching us as we are creating a company that Turkey will be proud of.”

The Turunc team was led by Partner Kerem Turunc, supported by Associates Nilay Onal and Didem Bengisu. 

Editor's Note: After this article was published, BTS & Partners announced that Senior Associates Okan Arican and Zeynep Unlu had worked on the deal.

Turkey Knowledge Partner

Founded in 1990, TURUNÇ is a leading, full-service Turkish law firm providing cutting-edge legal advice and representation to a global clientele. We provide the highest quality of legal service in each of our practice areas and we take pride in the work we do. Since our founding, we have always maintained a friendly, open and inclusive firm culture in which individuality and independent thinking are highly prized. Our lawyers work in collaborative, collegial teams across our practice areas.

All News about, and Legal Analysis by, TURUNÇ can be found here.

Firm's website: www.turunc.av.tr

 

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