White & Case has advised Mid Europa Partners on the merger of its portfolio company CMC Iletisim ve Cagri Merkezi Hizmetleri A.S. with Meritus Upravljanje d.o.o., part of M+ Group, in return for a 30% equity stake in the combined group.
M+ Group is a regional business process outsourcing service provider and is a subsidiary of Meritus Ulaganja d.d.
According to White & Case, “CMC is the largest independent outsourced call center and customer management services provider in Turkey, with more than 4,000 employees. Following completion of the transaction, M+ Group is expected to emerge as the leading regional contact center and business process outsourcing services provider in South Eastern Europe.”
White & Case’s team included London-based Partner Ken Barry and Associates Joe Bradley and Oliver Wilson and Istanbul-based Partner Emre Ozsar, Local Partner Ceren Sen, and Lawyers Tolga Tezel, Ege Gulec, and Caglar Senol.
White & Case did not provide additional information about counsel for the M+ Group.