TURUNÇ has advised venture capital fund Vela Partners on its investment in Jobox. With its origins in Turkey, and partners also operating in the United States and the UK, Vela Partners invests in startups across a variety of industries. Jobox is an AI-based platform that connects home service professionals with...

TURUNÇ has advised global automotive products supplier Valeo on the sale of its passive hydraulic actuation division to Raicam, an Italy-based producer of brakes, clutches and actuators for the automotive industry. Cleary Gottlieb Steen & Hamilton LLP was Italian counsel to Valeo. The sale was part of the merger clearance...

TURUNÇ has advised Turkey-focused private equity fund Taxim Capital on the acquisition of a majority stake in Suwen, a lingerie and undergarment manufacturer and retailer. This is the second investment on which TURUNÇ advised Taxim Capital, having also advised the fund’s formation and its investment in BigChefs. The TURUNÇ team...

TURUNÇ authored the Turkey chapter of The International Comparative Legal Guide (ICLG) to Product Liability 2017. The contributing lawyers were Noyan Turunç and Didem Bengisu. The publication is a guide to product liability legislation in 23 jurisdictions. In addition to Turkey, the jurisdictions covered are Australia, Brazil, Canada, China, England...

TURUNÇ has advised the private equity fund Taxim Capital on its acquisition of a 40% stake in BigChefs, a Turkish restaurant chain with an international footprint, from shareholders Gamze Cizreli and Saruhan Tan. This is the first acquisition of Taxim Capital following the first closing of its EUR 100+ million...

TURUNÇ has advised UK-based international coffeehouse chain Caffè Nero on the purchase of the entire equity stake held by its Turkish joint venture partner Infinity Invest in Caffè Nero’s Turkish subsidiary. As a result of the transaction, Caffè Nero Turkey has become a fully-owned subsidiary of the Caffè Nero group....

Elektronik ticaret çerçevesinde hizmet sağlayan şirketlerin ticari iletişimine ilişkin esas ve usulleri ve hizmet sağlayıcıların sorumluluklarını düzenleyen Elektronik Ticaretin Düzenlenmesi Hakkında Kanun (“6563 Sayılı Kanun”) 1 Mayıs 2015 tarihinde yürürlüğe girecektir. Söz konusu Kanun, ticari faaliyetlerini elektronik ortamda yürütmekte olan tüm işletmeler bakımından bazı yükümlülükler getirmektedir. 6563 Sayılı Kanun’un elektronik...

TURUNÇ has advised BRN Sleep Products on the sale of a minority stake to the European Bank for Reconstruction and Development (EBRD) and The Abraaj Group. EBRD is an multilateral developmental bank focused on supporting the development of market economies. Abraaj is a private equity fund focused primarily on growth...

TURUNÇ has advised CEE-focused private equity fund Royalton Partners on its acquisition, through its portfolio company IUS Legal and Business Solutions, of On İki Levha, a legal publisher. IUS is a provider online legal research tools in Slovenia and Croatia, and plans to offer its services in Turkey through On...