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Paksoy, White & Case, and GKC Partners Advise on Enerjisa Enerji IPO

Paksoy, White & Case, and GKC Partners Advise on Enerjisa Enerji IPO

Turkey
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Paksoy and Herbert Smith Freehills have advised the underwriters on the initial public offering and listing on Borsa Istanbul of Turkish energy distribution and retail company Enerjisa Enerji A.S. White & Case acted as legal advisor to the issuer as to American and English law, while GKC Partners advised on Turkish law.

Ak Yatirim Menkul Degerler was domestic lead manager, and Citigroup Global Markets Limited, HSBC Bank plc, Merrill Lynch International, and Deutsche Bank AG were international underwriters.

Sabanci and E.ON, the joint shareholders of Enerjisa Enerji, sold a combined 20% of the company, including additional shares, by exercising an over-allotment option, which represents a company value of approximately EUR 1.58 billion.

Trading on Borsa Istanbul commenced on February 8, 2018 under the "ENJSA" symbol.

Paksoy’s team acting as Turkish law counsel to the underwriters was led by Partner Omer Collak, assisted by Partner Zeynel Tunc, Counsel Okkes Sahan, and Associate and Pinar Tuzun.

The White & Case team was led by Partner Laura Sizemore, and the GKC Partners team was led by Partner Derin Altan and Associates Eren Ayanlar and Ece Kuregibuyuk.

 

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