TURUNÇ has represented The Export-Import Bank of Korea (Korea Eximbank) on its equity investment into Howon Otomotiv. Korea Eximbank is the official export credit agency of South Korea. In addition to providing export credit and guarantees to support Korean companies’ operations overseas, it also makes direct equity investments. Howon Otomotiv is the Turkish subsidiary of...

TURUNÇ has advised Egesil Kimya, a specialty chemicals manufacturer, on a EUR 15 million loan from the EBRD. The loan will be used to increase Egesil’s production of precipitated silica, which functions, among other things, as a reinforcing filler for tires. Egesil is a joint venture between Ege Kimya, a leading Turkish chemicals producer, and...

TURUNÇ authored the Turkey chapter of Lexology Getting the Deal Through’s Automotive (2018) title. The contributing lawyers were Esin Çamlıbel, Beste Yıldızili and Naz Esen. The publication is a comparative guide of the legislation relating to the regulation of the automotive industry in 18 jurisdictions. The contributing editors are Patrick Ayad and Lance Bultena of Hogan Lovells....

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...

TURUNÇ is advising International Container Terminal Services, Inc. (ICTSI), a global port management company headquartered in the Philippines and operating 29 ports in various countries, on its proposed 65% acquisition of Evyap Port, the fourth largest privately-owned Turkish port. Holman Fenwick Willan is acting as English counsel to ICTSI on the transaction, which is subject...

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 included Kerem Turunç, Esin Çamlıbel,...

The Turkish Law on Industrial Property (the “Law”) was published and entered into force on January 10, 2017. The Law aims to strengthen the protection of intellectual property rights and adopts a similar method and terminology as those used in European Union legislation. Before the adoption of the Law, intellectual property rights were largely regulated...

TURUNÇ has represented Rivulis Irrigation Ltd., an Israel-headquartered global micro and drip irrigation solutions provider, on its 100% acquisition of Eurodrip SA, a Greek drip irrigation solutions company, from the U.S. private fund Paine Schwartz Partners, LLC. TURUNÇ acted alongside Naschitz, Brandes, Amir & Co. as Israeli counsel and Kyriakides Georgopoulos as Greek counsel to...

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 fund. The TURUNÇ team included...