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Turunc, BTS & Partners, KDK, and Aksan Advise on Peoplise's Sale of Shares to LOGO

Turunc, BTS & Partners, KDK, and Aksan Advise on Peoplise's Sale of Shares to LOGO

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Turunc has advised ELBA HR Insan Kaynaklari Egitim ve Danismanlik Anonim Sirketi (doing business as "Peoplise") and its founding shareholders on the acquisition of 86.7% of the company from them and Revo Capital and 500 Startups by LOGO. Yazilim Sanayi ve Ticaret A.S. BTS & Partners and Aksan advised Revo Capital and 500 Startups, respectively, and Kolcuoglu Demirkan Kockali advised LOGO.

Peoplise is an integrated and video-enabled digital human resources management platform designed for the recruitment needs of corporate companies. 

LOGO acquired 255,377 shares of Peoplise, representing 86.7% of the company, for an average price of USD 6.46 per share. The transaction hasn't yet closed.

According to Turunc, as a result of the transaction former shareholders Guclu Ozenci and Mehmet Ali Ozenci will completely exit the company, as will Revo Capital and 500 Startups, while founders Cagatay Guney and Doruk Molo will stay with the company, retaining 13.3% of its shares.

Turunc’s team included Managing Partner Kerem Turunc, Attorneys Gizem Gunel and Ecem Kutukculer, and Associates Beste Yildizili Ergul and Naz Esen.

BTS & Partners’ team included Senior Counsel Okan Arican and Associate Yeseren Sozuer.

Aksan’s team included Partner Melih Aksan and Associates Ozgur Aydin and Ilay Erarslan.

Kolcuoglu Demirkan Kockali’s team included Managing Associate Melis Oget Koc, Senior Associate Esra Kaptan, and Associate Basak Islim.

 

 

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