Turunc has advised Taxim Capital on its acquisition of 51% of Turkey's Suwen lingerie and underwear manufacturer and retailer for an undisclosed price.
Taxim Capital is, according to its website, "a Turkey-focused mid-market private equity firm specializing in control-oriented growth capital investments and shareholder / management buy-outs." This is the firm's third investment. Turunc also advised Taxim on its 2016 acquisition of a 40% stake in the Turkish casual dining chain Big Chefs from shareholders Gamze Cizreli and Saruhan Tan (as reported by CEE Legal Matters on September 20, 2016).
The Turunc team consisted of Kerem Turunc, Nilay Enkur, Didem Bengisu, Gozde Kiran, and Naz Esen, along with intellectual property expert Beste Yildizili and competition law specialist Esin Camlibel.
The sellers did not retain external counsel.