TURUNÇ Advises Ascential on the Sale of WGSN to Apax Partners

TURUNÇ has advised Ascential plc on the sale of its global consumer trends forecasting and product design business WGSN to funds advised by Apax Partners LLP for a total enterprise value of up to £700 million (subject to customary closing adjustments).

Ascential a specialist information, data and analytics company listed on the London Stock Exchange and part of of the FTSE 250 Index.

Apax Partners is a UK-based global private equity firm. It has raised and advised funds with aggregate commitments of over $65 billion.

The TURUNÇ team included Noyan Turunç, Kerem Turunç, İltem Dokurlar, Esin Çamlıbel, Naz Esen, Beste Yıldızili Ergül and Övgü Kopal.

Ascential was also advised by Travers Smith LLP, Slaughter & May, and Fried Frank.

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