TURUNÇ has advised venture capital fund Vela Partners on its investment in ProsperWorks. With its origins in Turkey, and partners also operating in the United States and the UK, Vela Partners invests in startups across a variety of industries. ProsperWorks is a CRM solutions provider for G Suite. The TURUNÇ team was led by Kerem...

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...

TURUNÇ has advised first-time private equity firm Taxim Capital on the formation and first closing of its Turkey-focused generalist fund, which includes an institutional investor base with a target size of EUR 200 million. In addition to TURUNÇ, Kirkland & Ellis and Mourant Ozannes also advised Taxim Capital. The TURUNÇ team included Kerem Turunç and...

Sermaye Piyasası Kurulu, dün yaptığı bir duyuru ile, halka açık şirketlerin kendi paylarını geri alması ile ilgili önemli bir karar almıştır. Bu karar uyarınca: – Hâlihazırda bir geri alım programı olmayan halka açık şirketler, bir özel durum açıklaması yaparak ve herhangi bir sınıra tabi olmaksızın borsada kendi paylarının geri alabileceklerdir; ve – Hâlihazırda geri alım...

TURUNÇ has advised Elba HR (currently being rebranded as Peoplise), a video-based digital recruitment and human resources solutions platform serving a wide range of industries, on the investment it received from Revo Capital, a venture capital fund focused on Turkish technology businesses. The transaction was part of the Borsa Istanbul Private Market. The TURUNÇ team...

TURUNÇ authored the Turkey chapter of Lexology Getting the Deal Through’s Debt Capital Markets (2016) title. The contributing lawyers were Kerem Turunç and Esin Çamlıbel. The publication is a comparative guide of the legislation relating to debt capital markets in 21 jurisdictions. The contributing editors are David Lopez, Adam E. Fleisher and Daseul Kim of Cleary Gottlieb...

On June 1, 2016, TURUNÇ, the London Stock Exchange (LSE) and Bosphorus IPO Capital, a company that specializes in assisting Turkish and other emerging-market companies with getting listed in London, organized an invitation-only breakfast seminar entitled “Using London’s Capital Markers for Growth & Exits”. The seminar was geared towards private equity and venture capital funds,...

CEE Legal Matters, a publication covering law firm news and legal developments in Central and Eastern Europe, has interviewed Kerem Turunç as part of its “The Buzz” series. The Buzz is a short summary of recent legal and political developments, and topics of interest, in the region. Commentators from Austria, Bulgaria, Croatia, the Czech Republic,...

Kerem Turunç was a panelists at the Turkey Municipal Finance and Creditworthiness Academy, co-organized by the World Bank and the Turkish Union of Municipalities (TBB). The panel was moderated by Stephen Karam (Lead Urban Economist, The World Bank) and also included Hayrettin Güngör (Secretary-General, TBB), Dr. Ender Aykut Yılmaz (Deputy Director-General, İller Bankası), Emre Elmadağ...