The Turkish office of Baker & McKenzie has advised Nafiz Kerim Kotan and Murat Zorlu on the acquisition of 99% of the share capital of Arma Portfoy Yonetimi (Arma Portfolio).
The share capital was purchased from Ahmet Dedehayir and Rhea Portfoy (Rhea Portfolio). Istanbul-based Banking & Finance and M&A Partner Muhsin Keskin advised on the transaction. "Due to the tax and legal advantages introduced last year, we’ve seen an increase in the portfolio management business, and we expect this trend to continue," Keskin commented.
Initially established as Bender Portfoy Yonetimi in 2003, Arma Portfoy Yonetimi is a portfolio management company specializing in the provision of qualified portfolio and wealth management services to corporate investors. As part of its new strategy, Arma Portfoy Yonetimi will also start providing portfolio and wealth management services to individuals as well.
Nafiz Kerim Kotan, who is one of the leading investment bankers in Turkey, will continue to focus on his current M&A activities and will act as financial investor and Vice Chairman of the Board in the newly acquired franchise.
