TURUNÇ has advised, along with Greenberg Traurig LLP, U.S.-based private equity fund Riverwood Capital on its investment in Picus Security, a Turkish-American cybersecurity company focused on breach and attack simulation (BAS) and security validation. The TURUNÇ team included Kerem Turunç, İltem Dokurlar, Noyan Turunç, Esin Çamlıbel, Beste Yıldızili Ergül, Naz Esen, Övgü Kopal, Canberk Taze,...

TURUNÇ has advised ICV Partners, a private equity firm focused on lower middle market companies in North America, on its sale of Horizon Air Freight, a U.S.-based provider of specialized global marine logistics services, to GHK Capital Partners, a U.S.-based private equity firm. The TURUNÇ team included Noyan Turunç, Kerem Turunç, Naz Esen, Övgü Kopal,...

TURUNÇ has advised ComposeVC on the formation of its inaugural venture capital fund, ComposeVC Built-World Fund. The New York-based fund will invest in early-stage startups in the property tech, construction tech and climate tech spaces. The TURUNÇ team included Kerem Turunç, İltem Dokurlar and Naz Esen. Please see here for more information.

The Turkish Industry & Business Association (TÜSİAD), Turkey’s most influential business association, released its inaugural report on the Turkish entrepreneurship ecosystem on July 2, 2024 at an event attended by market participants and the media. The report, entitled “Türkiye: A Leading Hub for Startups and Tech Companies in EMEA” highlights the strengths of, and opportunities...

Türkiye’de yerleşik olup, yurtdışında şirket kuran veya yurtdışında kurulu şirketlere yatırım yapan (ya da bu yatırımlarını devreden veya tasfiye eden) gerçek ve tüzel kişilerin yapması gerekenlerden biri de bu işlemleri Türkiye’de ilgili kurumlara bildirmektir. Bu yükümlülük, Türk Parası Kıymetini Koruma Hakkında 32 Sayılı Karara İlişkin Tebliğ (“Tebliğ”) kaynaklıdır. Zira, yurtdışında kurulu şirketlere yatırım yapılması Tebliğ...

TURUNÇ has advised Wellbees, a Turkish-U.S. corporate well-being platform with an international customer base, on its bridge financing round led by Sabancı Ventures. 212, Enocta and angel investors also participated in the round. The TURUNÇ team included Kerem Turunç, Beste Yıldızili Ergül and Canberk Taze. Please see here for more information (in Turkish).

According to data published by CEELMDirect, TURUNÇ worked on more reported client matters than any other Turkish firm in the first quarter of 2024, and managing partner Kerem Turunç worked on more reported client matters than any other lawyer in the Central and Eastern Europe (CEE) region in the same period. Two other Firm partners,...

In the first installment of our “Artificial Intelligence – 30+ Years Ago and Now” article series, we discussed a newspaper column authored by our founding partner Noyan Turunç thirty-two years ago. We noted that today’s discussions around artificial intelligence (AI) are consistent with his predictions in that column. Thirty-two years after that column, our managing...

TURUNÇ has advised Lightspeed Venture Partners, a U.S.-headquartered global venture capital fund, on its investment in Intenseye, an AI-powered workplace safety platform. The TURUNÇ team included Noyan Turunç, Kerem Turunç, Esin Çamlıbel, Beste Yıldızili Ergül and Naz Esen. Please see here for the press release.