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Paksoy has advised Coventya Beteiligungs GmbH, a specialty chemicals company active in the field of surface treatment, on its December 21, 2016 agreement to acquire 80% of the shares in Politeknik Metal Sanayi ve Ticaret A.S. from its shareholders. Tolga Ismen advised the sellers on the transaction, which remains subject to fulfillment of certain conditions precedent. 

Paksoy, working in cooperation with Linklaters, has advised Anadolu Endustri Holding A.S. and Bedminster Capital (working through its company SEEF Foods S.A.R.L.) on their sale of 55.25% and 44.75% shares, respectively, in Ana Gida Ihtiyac Maddeleri ve Sanayi Ticaret A.S., the prominent Turkish olive oil and seed oil producer. White & Case reportedly advised the Ana Gida on the transaction, which awaits clearance from the Turkish Competition Board. 

Overall, this was a more active year for FCPA enforcement actions when compared to 2015. This year, Department of Justice (“DOJ”) took a total of 10 enforcement actions and Securities and Exchange Commission (“SEC”) took a total of 25 enforcement actions. Like last year, SEC is more active than DOJ, in terms of numbers of the enforcement actions. Of the 10 enforcement actions taken by DOJ, only 1 of them was related to a real person. Of the 25 SEC enforcement actions 4 of them were related real persons.

Kolcuoglu Demirkan Kocakli has advised Mediterra Capital, a prominent Turkish private equity fund, on its acquisition of 70% of shares in Arkel Elektrik Elektronik Sanayi ve Ticaret Anonim Sirketi through its portfolio company, Istinye Asansor Teknolojileri Anonim Sirketi. The sellers were advised by the Caliskan Kizilyel Toker (CKT) law firm. 

Nilufer Turkcu Hira has confirmed that in November 2016 she left the Paksoy Law Firm in Istanbul to accept a position as Head of Legal at Lidya Madencilik, a Calik Holding company operating in the mining sector. 

Paksoy is reporting that it advised OEP Turkey Tech B.V., a portfolio company of OEP — a middle-market private equity firm focused on the industrial, healthcare, and technology sectors in North America and Europe — on its December 6, 2016 agreement with ZTE Cooperatief U.A. for sale of 48.04% of Netas Telekomunikasyon, a Turkish digital transformation company.

White & Case has announced that two CEE attorneys – Istanbul-based Corporate/M&A specialist Ceylan Kara and Moscow-based Project Finance specialist Ekaterina Logvinova – are among the 15 promoted by the firm to Local Partner worldwide with effect from January 1, 2017. Another six CEE lawyers (three in Prague, two in Warsaw, and one in Istanbul) were among the 26 promoted to Counsel worldwide.

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