TURUNÇ client Netcad has filed for an initial public offering (IPO) of its shares on Borsa Istanbul, Turkey’s national stock exchange. Turkey’s Capital Markets Board and Borsa Istanbul must both approve the IPO. Netcad is a software development company specializing in geographical information systems (GIS) and computer aided design (CAD)....

TURUNÇ has advised Inveo Portföy on the formation of a new venture capital fund called Adventures, which has recently received approval from the Turkish Capital Markets Board. The fund’s primary areas of focus will be transportation, mobile technologies, mobility as a service (MaaS), fintech, healthcare, e-commerce, education and hardware. The TURUNÇ team...

TURUNÇ has advised Logo Ventures and TechOne, Turkey-focused regulated venture capital funds, on their investment in Evreka, a waste management platform. The Technology Development Foundation of Turkey and Fark Labs also participated in the funding round. The TURUNÇ team included İltem Dokurlar, Gizem Günel, Gözde Kıran and Alperen Demir. Please...

TURUNÇ has advised hiVC, a regulated venture capital fund focused on early stage Turkish startups, on its secondary capital raise, which required the approval of the Turkish Capital Markets Board. HiVC is majority-owned by Gedik Yatırım, a publicly traded investment banking advisory and brokerage firm. The TURUNÇ team included İltem...

TURUNÇ has advised Lycian Capital Partners on obtaining an approval from the Turkish Capital Markets Board for its inaugural regulated private equity fund. Lycian Capital is focused on the Turkish lower mid-market across a wide spectrum of sectors. The TURUNÇ team included Noyan Turunç, Kerem Turunç, İltem Dokurlar and Naz...

TURUNÇ authored the Turkey chapter of Lexology Getting the Deal Through’s Initial Public Offerings (2022) title. The contributing lawyers were İltem Dokurlar and Naz Esen. The publication is a comparative guide of the legislation relating to initial public offerings in 15 jurisdictions. In addition to Turkey, the jurisdictions covered by the 2022...

TURUNÇ is pleased to welcome İltem Dokurlar as a partner and head of the firm’s capital markets practice. Before joining TURUNÇ, Mr. Dokurlar was chief legal counsel at Borsa Istanbul, Turkey’s national stock exchange, and Yıldırım Holding, a Turkish multinational conglomerate. Mr. Dokurlar has extensive experience in securities regulation, capital...