13.12.2019

RE360 Big Gathering for the Real Estate Industry

Our Partner Selin Barlın Aral spoke at "RE360 Big Gathering for the Real Estate Industry" organised by Alkaş in Istanbul is held on 10-11 December 2019.



10.12.2019

Paksoy advises Telus International on the acquisition of Competence Call Center

Telus International, a world-leading communications and information technology company which delivers next-generation digital solutions for global brands, has entered into a share purchase agreement on 5 December 2019 for the acquisition of Competence Call Center (CCC), which provides value-added business process outsourcing (BPO) solutions in 11 countries including Turkey, from European private equity firm Ardian. The transaction is expected to close within the first quarter of 2020 after regulatory approvals are obtained.

Paksoy is pleased to announce that a team led by Stéphanie Beghe Sönmez (partner) together with Miray Cura (associate) acted as Turkish counsel to Telus International on this transaction, with Shearman & Sterling acting as global counsel.




09.12.2019

Debt Enforcement in Europe and Beyond: The Road to Successful Reform

Doğuhan Uygun, Senior Associate from Paksoy, participated “Debt Enforcement in Europe and Beyond: The Road to Successful Reform” conference organised by "European Bank for Reconstruction and Development" and gave a speech in "Panel 3: Latest Trends affecting Enforcement: Alternative Dispute Resolution in Enforcement related Disputes".



04.12.2019

Paksoy advises Deutsche Beteiligungs on the acquisition of a majority stake in Cartonplast Group

Deutsche Beteiligungs AG (DBAG), a German-based listed private equity company, and DBAG-advised DBAG Fund VII have entered into a share purchase agreement on 22 August 2019 for the acquisition of a majority stake in Cartonplast Group, the leading European operator of a pool system for reusable plastic layers used mainly for the transportation of glass containers in the food and beverage industry, from London-based financial investor Stirling Square Capital Partners. In addition to Germany, Cartonplast Group operates from 16 worldwide locations including Turkey. The transaction is expected to close by the end of October 2019 after regulatory approvals are obtained.

Paksoy is pleased to announce that a team led by Stéphanie Beghe Sönmez (partner) together with Miray Cura (associate) acted as Turkish counsel to Deutsche Beteiligungs AG on this transaction, with Shearman & Sterling acting as global counsel.




20.11.2019

Paksoy advises on international bond offering of Mersin International Port

Operator of Turkey’s largest port, Mersin International Port, has successfully completed the issuance of $600 million five-year 144A/RegS bond at a coupon rate of 5.375%, raising significant attention from the international investors.

Paksoy is pleased to announce that the capital markets team led by partner Ömer Çollak, together with associates Pınar Tüzün and Nazlı Tönük Çapan, acted as Turkish law counsel to the joint bookrunners in this transaction. Read more.


18.11.2019

Paksoy advises Migros on its investment in Paket Lojistik

Migros Ticaret A.Ş. (“Migros”) has subscribed for 25% of the share capital in Paket Lojistik ve Teknoloji A.Ş. (“Paket Lojistik”) representing an investment of TRY 3.25 million. Paket Lojistik was founded by Raşit Emir Süer and Serkan Can, and provides delivery services under the Paket Taxi brand, including for Migros’ virtual market operations. Paksoy is pleased to announce that a team led by Sera Somay (partner) and Serdar Ildırar (counsel) advised Migros on this transaction. Read more.



11.11.2019

Paksoy advises Compass Group on the acquisition of Turkaş

Sofra Yemek Üretim ve Hizmet A.Ş. (“Sofra”), a subsidiary of Compass Group Plc, has signed a share purchase agreement on 8 November 2019 to acquire 100% shares of Turkaş Gıda Hizmet ve İşletmecilik A.Ş. (“Turkaş”) from Çökmez Family. Turkaş is a Turkish company engaged in catering services. The completion of the transaction is subject to clearance from the Competition Authority. Paksoy is pleased to announce that Sofra has been represented on this transaction by a team led by Elvan Aziz (partner), Nazlı Bezirci (counsel) and Gözde Zorlu (associate).


23.10.2019

Paksoy advises EBRD

Paksoy advises EBRD on direct equity investment in renewable arm of Turkey’s IC Energy Holding. Paksoy is pleased to announce that the team led by Zeynel Tunç (Partner, Energy and Infrastructure) together with Tuğba Taşçı (Associate) advised EBRD on this transaction. Read more.



20.08.2019

IFLR 1000 Women Leaders

Paksoy is pleased to announce that Ms Elvan Aziz and Ms Sera Somay were selected as “Women Leaders” from Turkey by IFLR 1000, for the second year in a row. Women Leaders are considered the “best transactional specialists in their markets and practice areas”. Among 300 Women Leaders selected globally from the best female lawyers in each country, we are proud that two of the seven Women Leaders selected from Turkey are Paksoy partners. You may reach the IFLR 1000 Women Leaders Guide here.


08.08.2019

Paksoy advises Sberbank on completion of the sale of its 99.85% stake in Denizbank

Sberbank of Russia has completed the sale of 99.85% of Denizbank's issued capital to Emirates NBD Bank, a leading UAE banking group, for a consideration of approximately USD 2.8 billion. A share purchase agreement had been signed on 21 May 2018, and subsequently amended and restated on 2 April 2019. The parties proceeded with completion on 31 July 2019 after obtaining clearance from the regulatory authorities in Turkey, Russia, the United Arab Emirates and other countries in which Denizbank operates.



02.08.2019

ELSA Summer Law School on International Law & Arbitration

Can Yılmaz, Associate from Paksoy, participated as a speaker in the panel about “Tips on Drafting Arbitration Clauses & Multi-tier Dispute Resolution Clauses” in ELSA Summer Law School on International Law & Arbitration.

26.07.2019

Paksoy advises ISS Global Forwarding on the acquisition of OSF Lojistik assets

ISS Global Forwarding Taşımacılık A.Ş. (“ISS Turkey”), a subsidiary of Dubai based ISS Global Forwarding One Person Company LLC (“ISS Global”) has acquired certain assets from OSF Uluslararası Lojistik Hizmetleri Dış Ticaret A.Ş. (“OSF Lojistik”), a Turkish logistics company engaged in international carrier services, under an asset purchase agreement dated 27 June 2019. As part of the transaction, individuals holding majority shares of OSF Lojistik has acquired certain amount of shares of ISS Turkey, which was closed on 22 July 2019. The Turkish Competition Board cleared the transaction in its decision dated 23 May 2019. ISS Turkey is expected to expand its business to a large extent as a result of the transaction. Read more


11.07.2019

Paksoy advises Türkiye Sınai Kalkınma Bankası

Türkiye Sınai Kalkınma Bankası (TSKB), entered into a syndicated loan agreement for an amount of USD 177 million with the participation of twelve banks from various countries. Paksoy is pleased to announce that the banking and finance team led by Sera Somay (Partner) together with Beril Paksoy (Associate) acted as the legal counsel to TSKB in this significant transaction.


10.07.2019

ELSA İstanbul Law School on M&A

Deniz Özkan, senior associate from Paksoy, participated as a speaker in the panel about “Due Diligence” in 14th session of annual Summer ELSA İstanbul Law School on M&A.

17.06.2019

Paksoy advises PayU on the acquisition of Iyzico

MIH PayU B.V. (“PayU”), a subsidiary of Naspers Ltd., signed a share purchase agreement on 10 June 2019 for the acquisition of majority shares in Iyzi Ödeme ve Elektronik Para Hizmetleri Anonim Şirketi (“Iyzico”), a Turkish digital payments and e-money company.  Read more

17.05.2019

EBRD’s EU funded project | Use of biofuels in all types of transport in Turkey

Paksoy is pleased to announce that Zeynel Tunc (Partner), Aslı Kehale Altunyuva (Counsel) and Tugba Tasci (Associate) contributed to EBRD’s European Union (EU) funded project regarding the feasibility study for the use of biofuels in all types of transport in Turkey led by global energy and commodity information company Argus. The final report on the study was presented on 8 May 2019 during a workshop in Ankara, Turkey with the participation of the EBRD, the Ministry of Energy and Natural Resources, and the main market players. The study provides Turkey’s market and legislative analysis to promote use of biofuels and reduce fossil fuel use in transportation. For the study, Paksoy team analysed the current regulatory framework for biofuels in Turkey, provided a gap analysis and discussed key policy areas that are missing and that would need to be developed for alignment with the EU. 


03.05.2019

Paksoy advises on the sale of Ergo Sigorta to HDI Sigorta

Ergo, one of the leading insurance companies in the market, signed a share purchase agreement on 2 May 2019 for the sale of 100% of its non-life subsidiary in Turkey to HDI Sigorta, a member of Talanx Group. Completion of the transaction is subject to approval of the Treasury and the Competition Board. Read more


 


12.04.2019

Paksoy advises Ziraat Katılım on its murabaha syndicated loan transaction

Ziraat Katılım, entered into a murabaha syndicated loan agreement for an amount of USD 250 million with the participation of Bank ABC, Dubai Islamic Bank PJSC, Emirates NBD Capital Limited, Standard Chartered Bank and Warba Bank. Read more


08.04.2019

Paksoy wins the “Most Innovative Law Firm of the Year – Turkey 2019” award by IFLR


We are proud to announce that Paksoy is the winner of the "Most Innovative Law Firm of the Year – Turkey" award granted by IFLR International Financial Law Review. We take great pride in this achievement, which recognises our lawyers’ ability to bring added-value to cross-border transactions with innovative legal solutions and creative structures. This international award also acknowledges Paksoy’s qualities as an independent law firm in Turkey having the capability to provide top-class advice to its global clients. We would like to express our gratitude and sincere thanks to all our teams who contributed to this success. You may reach the list of winners here


04.04.2019

Paksoy advises Joint Bookrunners on USD 600 million Eurobond Offering by Vakıfbank

Vakıfbank issued USD 600 million Eurobond on 28 March 2019 under its USD 7 billion Global Medium Term Note Programme. Read more


04.04.2019

CEE Restructuring Forum

Our Partner Sera Somay delivered her speech at the  CEE Restructuring Forum held on 2 April 2019 in Vienna. You may reach deatails of the forum here.



03.04.2019

Paksoy advises PSA Group for taking over distribution of Citroën brand vehicles in Turkey

PSA Group, through its Turkish subsidiary Groupe PSA Otomotiv Pazarlama A.Ş. took over distribution of Citroën brand vehicles in Turkey, as well as after sales services, from its former distributor Baylas Otomotiv.  Read more