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Paksoy and White & Case Advise on Sale of Majority Stake in Ulusoy Elektrik

Paksoy and White & Case Advise on Sale of Majority Stake in Ulusoy Elektrik

Turkey
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Paksoy has advised the Ulusoy family on the sale of the majority stake in Ulusoy Elektrik to Eaton Capital Unlimited Company. White & Case and GKC Partners advised Eaton Capital on the acquisition.

On January 31, 2019, Sait Ulusoy, Akgul Ulusoy, Kubilay Hakki Ulusoy, and Enis Ulusoy signed a share purchase agreement involving 82.2% of Ulusoy Elektrik Imalat Taahhut ve Tic. A.S., a Turkish medium voltage switchgear and transformer manufacturer that is listed on Borsa Istanbul. 

The completion of the transaction is subject to clearance from Turkey's Competition Board.

Paksoy’s team led by Partner Elvan Aziz and included Counsels Nazli Bezirci and Okkes Sahan and Associate Miray Cura. 

The White & Case team consisted of Partner Asli Basgoz, Association Partners Emre Ozsar and Derin Altan, Counsel Sezin Elcin Cengiz, and Associates Eylul Topanoglu, Asli Gulum, Eren Ayanlar, Gokcen Durgut, Ege Gulec, and Irem Kurkcu. The team in Jakarta involved Association Partner Kristo Molina and Associate Adzkia Fatah.

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