Paksoy has advised General Atlantic on co-leading a USD 1.5 billion funding round for Trendyol, alongside SoftBank Vision Fund 2, Princeville Capital, and sovereign wealth funds ADQ and Qatar Investment Authority as well as Alibaba and Omega Oryx Limited. White & Case, and its Istanbul associated firm GKC Partners, advised Softbank Vision Fund 2, Kinstellar, and its Istanbul associated firm Gen Temizer Ozer, advised Princeville Capital, Herguner Bilgen Ozeke advised Alibaba, and Lexist advised Omega Oryx. Reportedly, Simpson Thacher & Bartlett and Verdi Law Firm advised Trendyol on the deal.
General Atlantic is a growth equity firm. Trendyol is a Turkish e-commerce platform. This funding round, according to Paksoy, results in Trendyol becoming a “decacorn” with a valuation of USD 16.5 billion.
Paksoy’s team included Partner Elvan Aziz, Senior Associate Hazak Korkmaz, and Associate Yeseren Sozuer.
White & Case’s team in London included Partners Dan Turgel, Jonah Anderson, Tim Hickman, and Marc Israel and Associates Helen Pantelides, Francis Brown, Joe Devine, Mhairi Fraser, and Luc Rosenberg. The GKC Partners team in Istanbul included Partner Emre Ozsar, Associates Tolga Tezel, Gokcen Durgut, and Selin Kaledelen, and Competition Advisor Sezin Elcin-Cengiz.
Kinstellar and Gen Temizer Ozer’s team in Istanbul included Partners Baran Gen and Edmund Emre Ozer and Associate Beliz Zorlu.
Herguner Bilgen Ozeke's team included Senior Partner Umit Herguner, Partners Mert Oguzulgen and Zeynep Tor, Senior Associate Esra Canpulat, and Associate Basak Etik.
Lexist's team included Partner Murat Erbilen, Counsel Mesut Kaya, and Associate Mertcan Sami Yilmaz.
Editorial Note: After this article was published, Akol Law Firm announced it acted as Qatar Investment Authority's Turkish counsel on the investment. The firm's team included Founding Partner Meltem Uslu-Akol, Partner Tugce Tatari, and Associates Ilay Erarslan, Tugce Incetan, Zeynep Kiris, and Yagmur Aker.
