Mon, Sep
41 New Articles

Turunc and YBK Advise on Acquisition of Majority Stake in Turkish Online Travel Agency

Turunc and YBB Advise on Acquisition of Majority Stake in Turkish Online Travel Agency

  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times

The Turunc Law Firm has advised a group of private investors led by Cetin Yilmaz on their acquisition of MCI's majority stake in online travel agency Tatilbudur from Polish private equity fund MCI. The Yalcin Babalioglu Kemahli Attorney Partnership advised MCI on the deal, while Akol Law advised shareholder Is Girisim. Tatilbudur was reportedly advised by Yondem Yigit Uclertopragi.

Yilmaz was, in essence, repurchasing the stake he and other investors sold to MCI back in 2015. Is Girisim increased its stake in the company as a result of the transaction.

The Turunc team was led by Partner Kerem Turunc and included Partner Noyan Turunc and lawyers Esin Camlibel, Naz Esen, Beste Yildizili Ergul, and Ecem Kutukculer.

The YBK team was led by Partner Alican Babalioglu and included Counsel Inci Alaloglu-Cetin.

Akol's team was led by Partner Tugce Tatari.

CMS at a Glance

Founded in 1999, CMS is a full-service top 10 international law firm, based on the number of lawyers (Am Law 2018 Global 100). With 70+ offices in 40+ countries across the world, employing over 4,800 lawyers, CMS has longstanding expertise both at advising in its local jurisdictions and across borders. CMS acts for a large number of Fortune 500 companies and the FT European 500 and for the majority of the DAX 30. Revenues totalled EUR 1.36bn in 2018.

In Russia, CMS has been supporting its clients since 1992. The Moscow office offers a full range of legal and tax services across 21 practice and sector groups. Over 50 lawyers qualified in Russian, English, French and German law advise international clients on all matters relating to doing business in Russia and CEE, and support Russian companies doing business in Europe and other countries.

Firm's website.