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 process for Valeo’s acquisition of German clutch manufacturer FTE.
The TURUNÇ team included Noyan Turunç, Kerem Turunç, Esin Çamlıbel, Grace Maral Burnett, Nilay Enkür, Beste Yıldızili and Gözde Kıran.
For more information, please see the press release.