Paksoy has advised Unilever on Turkish elements of its EUR 6.83 billion sale of its margarine and spreads business to Kohlberg Kravis Roberts. The deal is expected to close mid-2018, subject to regulatory and employee approval.
The transferred business includes the Becel, Flora, Country Crock and Blue Band brands.
Paksoy describes KKR as "a leading global investment firm, based in New York and managing multiple alternative asset classes including private equity, energy, infrastructure, real estate credit and, through its strategic partners, hedge funds."
The Paksoy team consisted of Partner Stephanie Beghe Sonmez, Senior Associates Burak Kepkep and Selen Terzi Ozsoylu, and Associates Gulce Saydam Pehlivan and Zeynep Toma.
Paksoy did not reply to an inquiry on the matter.
Editor's Note: After this article was published Paksoy informed CEE Legal Matters that Simpson Thacher & Bartlett had advised the buyer on the deal.
