The Esin Attorney Partnership, a member firm of Baker & McKenzie International, and Baker & McKenzie’s Frankfurt office, have advised underwriters Ak Yatırım Menkul Degerler A.S., as domestic manager, and Citigroup Global Markets Limited, as international manager, regarding the recent fully marketed offering of EAS Solutions S.A.R.L. and Logo Teknoloji ve Yatirim A.S.’s shares in Logo Yazilim Sanayi ve Ticaret A.S. EAS and Logo Teknoloji (collectively, the "Selling Shareholders") were advised by Proskauer Rose in the US and Kolcuoglu Demirkan Kocakli in Turkey.
In total, the Selling Shareholders sold 898,762,300 shares corresponding to 35.95% of Logo Yazilim’s share capital. The sale of shares conducted on the wholesale market of Borsa Istanbul, with the approval of Borsa Istanbul. Shares are sold at the offer price of TL 46 per round of 100 shares.
The deal was led by Esin Attorney Partnership Partner Muhsin Keskin and Baker & McKenzie Partner Mark Devlin, supported by Associates Berk Cin, Ozkan Ozdogan, Serenay Cinki, and Sait Baha Erol, and law clerk Amanda Largent.
Remarking on the matter, Muhsin Keskin commented, “The deal is an example of the resilience of the Turkish market and foreign institutional investors’ confidence in the Turkish capital markets in the aftermath of July’s failed coup attempt.”
The Kolcuoglu Demirkan Kocakli team was led by Partner Umut Kolcuoglu and included Counsel Damla Dogancali and Asli Tamer.