Turkey's Gedik & Eraksoy and Allen & Overy have advised United Initiators GmbH on its acquisition of 100% of the shares of Hidrojen Peroksit Sanayi ve Ticaret A.S.
The deal was signed on May 22, 2019 and closed on August 16, 2019.
Gedik & Eraksoy describes United Initiators as "a leading global manufacturer of peroxides, persulfates, and other specialty initiators and the majority of its share capital is held by the investment firm Equistone Partners Europe, as a strategic partner." According to the firm, "HPAS is active in the production and sale of hydrogen peroxide in Turkey. Being one of the only two local hydrogen peroxide producers, HPAS is the market leader in the domestic market and makes export sales to currently more than 70 countries."
The Gedik & Eraksoy team was led by Partner Hakki Gedik and included Counsel Emre Onal, Senior Associate Utku Unver, and Trainee Fatma Nur Ertekin.
The Allen & Overy team in London assisting Gedik & Eraksoy with English law aspects of the legal due diligence included Partner Emma Dwyer, Associate Saskia Baer, and Trainee Joshua Kelly.
Swiss law advice related to the SPA was provided by Partner Philipp Candreia of the Niederer Kraft Frey law firm and British Virgin Islands advice related to the legal due diligence was provided by Partner Robert Briant of the Conyers Dill & Pearman law firm.