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CEELM Comparative Legal Guide: Corporate Governance 2023

Paksoy and Egemenoglu Advise on Univar Solutions Acquisition of Kale Kimya

Paksoy and Egemenoglu Advise on Univar Solutions Acquisition of Kale Kimya

Turkey
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Paksoy has advised Univar Solutions on its acquisition of Kale Kimya. Egemenoglu advised the sellers.

Closing is expected in the first quarter of 2023, pending regulatory approval.

Univar Solutions is a US-headquartered commodity, specialty chemicals, and ingredients distributor.

Established in 1975, Kale Kimya is Turkey's specialty chemicals distributor. The company has a product portfolio of beauty and personal care products, and home and industrial cleaning products, including surfactants, actives, emulsifiers, preservatives, ultraviolet filters, fragrances, polymers, conditioners, esters, and emollients.

"This acquisition is a great fit between two companies that share market-leading reputations, expert technical support, a spirit of innovation, and relentless dedication to exceptional customer service," Kale Kimya CEO Birgen Kaleagasi Ozemre commented. "This will support the growth of our people and products even further, and I look forward to becoming a unified company with Univar Solutions."

The Paksoy team included Partners Elvan Aziz and Togan Turan, Senior Associate Busra Akture, and Associates Tugcan Akalin, Mete Siber, and Idil Gunes.

The Egemenoglu team included Partner Efra Aydin Can and Associates Buse Yonat and Furkan Ekin Ekinci.

Turkey Knowledge Partner

NAZALI offers a broad range of services in the fields of Tax, Audit, Corporate and Commercial Law, Mergers & Acquisitions, Corporate Finance, Banking, Finance and Capital Markets, Protective Legal Services and Dispute Resolution, Personal Data Protection and Privacy, Social Security and Labor Law, Occupational Health and Safety, Competition Law, Intellectual Property Law and R&D, Compliance and White-Collar Crimes, Administrative Law, Real Estate Law, Customs and Foreign Trade, Accounting and Payroll, Financial Incentives and Advisory Services and Public Administration and Compliance through its partners, associates and consultants of different seniorities who have both public and private sector experience.

What sets NAZALI apart from others is that NAZALI offers a truly comprehensive service to its clients with experts from different disciplines working collaboratively as a team under one roof enabling us to evaluate all dimensions of legal matters together with financial and technical matters.

The services that NAZALI provides to its clients include the most appropriate solution with the support of technical departments specialized in their fields. In this context, NAZALI associates are supported by NAZALI technical team and work alongside the experts in the fields of finance, social security and customs matters. NAZALI has set out with the aim of providing the most efficient and comprehensive solution for its clients by adapting to the developing conditions and happily gained the trust of its clients by never compromising the quality of service.

As conditions continuously evolve, NAZALI always aims to further itself remaining true to its motto “GROW WITH KNOWLEDGE” and has set out with the aim of providing the most efficient and comprehensive solution for its clients by adapting to the developing conditions and happily gained the trust of its clients by never compromising the quality of service.

Firm's website: http://www.nazali.com

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