The Moral Law Firm has advised Borusan EnBW Enerji Yatirimlari ve Uretim A.S. — a joint venture of Borusan Holding A.S. and EnBW Energie Baden-Wurttemberg AG — on its USD 38.5 million acquisition of the Kiyikoy Wind Power Plant from Aksa Energy. The Cakmak Law Firm, Cakmak-Gokce Law firm, and White & Case advised Aksa Energy on the deal, which is contingent on approval from Turkey's EMRA and Competition Authority.
The Esin Attorney Partnership and Baker McKenzie have advised Turkven Private Equity, the Akarlilar Family, and Mavi Giyim Sanayi ve Ticaret A.S.on Mavi's IPO. White & Case advised underwriters Bank of America Merrill Lynch, Goldman Sachs, and Is Yatirim on the IPO, which, with a market capitalization of TRY 2,135,300,000 (TRY 43 per share) and an offering of 27,311,350 shares, is the largest in Turkey since 2013.
In The Corner Office we invite Managing Partners at law firms from across the region to share information about their careers, management styles, and strategies. The question this time around: Is your personal practice more or less the one you anticipated when you finished law school, or did it change somehow in the interim?
The Esin Attorney Partnership, a member firm of Baker & McKenzie International, has advised a syndicate of 14 international and Turkish banks as lenders on a USD 500 million and TRY 720 million Senior Secured Term Loan Facilities provided to VIP Turkey Enerji A.S., a subsidiary of Vitol Investment Partnership Ltd., to finance its acquisition of OMV POAS Holding A.S., POAS's holding company. Allen & Overy and Gedik & Eraksoy acted for VIP Turkey Enerji on the financing.
The Yegin Ciftci Attorney Partnership has advised Turkiye Is Bankasi (Isbank) and Turkiye Sinai Kalkinma Bankasi (TSKB), Turkey’s first privately-owned development and investment bank, on financing provided to Turkuaz Petrol Urunleri A.S. for its acquisition of TP Petrol Dagitim, the fuel retailing branch of Turkiye Petrolleri, Turkey´s state-owned oil and gas firm. The Ak Law Firm represented Turkuaz Petrol Urunleri (a subsidiary of Zulfikarlar Holding A.S.) on its successful bid for TP Petrol Dagitim.
Moral Law Firm has advised the Kardesler Family on the sale of Tozmetal Ticaret ve Sanayi A.S., a powder metallurgy parts manufacturer focusing on hydraulic pump components for the European automotive market which reported sales of EUR 24 million in 2016, to GKN, a premier manufacturer of oil pumps and powder metal components. The Cakmak-Gokce Attorney Partnership, the Turkish arm of White & Case, advised GKN on the deal.
The 2017 CEE Legal Matters General Summit took place at the Intercontinental Hotel in Warsaw on June 1-2, 2017, once again bringing together well over a hundred General Counsel and Heads of Legal from across Central and Eastern Europe for two full days (and one entertaining evening) of seminars, panel discussions, best practices review, and networking. This year’s event — the third annual, following the 2015 GC Summit in Budapest and the 2016 GC Summit in Istanbul — was the biggest and most successful yet.
On May 31 and June 1, 2017, CEE Legal Matters was proud to host a rare event: A gathering of those senior lawyers from each Central and Eastern European country identified by peers as being most influential, most important, most uniquely responsible for having created the country’s modern commercial legal market.
The Esin Attorney Partnership has advised the lenders in relation to USD 160 million and EUR 69 million Dual Currency Murabaha Facilities provided to Ziraat Katilim Bankasi A.S. ABC Islamic Bank acted as agent, HSBC Bank Middle East Limited acted as facility coordinator, and 13 international banks acted as documentation agents. The lenders included 13 international banks.
Yegin Ciftci Attorney Partnership has advised Alcazar Energy Partners, an independent developer and power producer focused on renewable energy generation across the META region, on the acquisition of Yander Elektrik, a company holding a wind power plant license in the western region of Turkey Izmir, Mersinli. The sellers were individual shareholders, represented by sole practitioner Guliz Ucar.
The Esin Attorney Partnership and Baker McKenzie have advised Global Ports Holding, the world's largest independent cruise port operator, on its initial public offering on the London Stock Exchange. Cleary Gottlieb advised the banks on the deal, which closed on May 17, 2017.
Paksoy has advised Anadolu Endustri Holding on its acquisition of the final 19.50% shares in MH Perakendecilik from Moonlight Capital S.A. through a put option process as per the Share Purchase Agreement of December 31, 2014, giving Anadolu Endustri ownership of 100% of the company. Pekin & Bayar acted as local counsel and Dickson Minto as foreign counsel to Moonlight Capital S.A.