Bezen & Partners has advised MB UAE Investment LLC on it buy-out of minority shareholders in the company's Turkish subsidiaries.
The transaction has been cleared by Turkey's competition authority.
MB UAE Investment LLC is an affiliate of the energy giant MB Holding Company LLC, which is active in the drilling and oilfield sector, exploration and production of oil and gas and and marine-related engineering services." According to Bezen & Partners, "the transactions consisted of the acquisition of a portion and/or all of the shares in Turqoise Yat Sanayi Anonim Sirketi, Turqoise Shipyard Yat ve Gemi Sanayi Anonim Sirketi, Makinel Insaat Turizm Sanayi ve Ticaret Anonim Sirketi, Turkuaz Yat Insaat Sanayi ve Ticaret Anonim Sirketi, and Proteksan Yat ve Gemi Sanayi Ticaret Anonim Sirketi, all entities being active in the yacht design, manufacturing, and maintenance sector. Following the completion of these acquisitions, Dr. Mohammed Al Barwani, the world-renowned Forbes billionaire, will have indirect control over all of the foregoing entities.”
The Bezen & Partners team was led by Partner Murat Soylu and included Senior Associate Eren Soydan and Associates Berfu Oztoprak, Aykut Aydin, and Salih Kartal.
Bezen & Partners could not provide more information on the deal.
