The 'highly successful team' at Balcioglu Selçuk Eymirlioglu Ardiyok Keki Attorney Partnership provides 'responsive and solutions-oriented advice' to lenders and borrowers seeking or providing finance to facilitate a myriad of objectives, be it in the context of ongoing working capital/general corporate lending purposes, as well as large event-driven transactions. The team, which is led by the vastly experienced Barlas Balcıoğlu, regularly advises lenders (working alongside the London office of its associated firm Dentons) in the context of syndicated dual currency term loan facilities to capitalise Turkish banks. As well as regularly being involved in the aforementioned interbank lending activity, Balcıoğlu is also noted for his real estate and project finance prowess and is well-versed at advising on both commercial bank-sourced financing as well as by International Finance Institutions (IFIs). The 'very responsive' Burcu Boso excels at handling both transactional work, including in the context of equity capital markets (ECM) issuer mandates and lender-side acquisition finance, as well as financial services regulatory advice and restructurings. Günhan Yalçın advises financial institutions and corporate borrowers across a myriad bilateral and syndicated financing transactions and is a key member of the team that also includes highly valued counsel Ceyda Aydın.
Banking, finance and capital markets in Turkey
Balcioglu Selçuk Eymirlioglu Ardiyok Keki Attorney Partnership
Praxisleiter:
Barlas Balcıoğlu
Weitere Kernanwälte:
Günhan Yalçın; Burcu Boso; Ceyda Aydın; Ceren Akkur Bayram; Erkin Tuzcular
Referenzen
‘They are a highly successful team in analysing client requests and providing responsive and solutions-oriented advice. In addition to general briefings, the alternative solutions they offer, thanks to their detailed research, make our business life much easier.’
‘Burcu Boso is very responsive.’
Kernmandanten
Bank of America, N.A.
China Development Bank
Emirates NBD Bank PJSC
AKA Ausfuhrkredit-Gesellschaft mbH
Melike Tekstil Sanayi ve Ticaret A.Ş.
BNP Paribas
The Hongkong and Shanghai Banking Corporation Limited (HSBC)
Commerzbank AG
Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden N.V. (FMO)
Sunrise Foods International Inc.
Tiryaki Agro Gıda ve Sanayi Ticaret A.Ş.
Tiryaki Holding A.Ş.
MUFG Bank, Ltd.
Bank of America Europe DAC
Mizuho Bank, Ltd.
Emirates NBD Capital Limited
UNICREDIT SPA
Yapı ve Kredi Bankası A.Ş.
Oesterreichische Entwicklungsbank AG
Aareal Bank AG
Credit Europe Bank N.V.
Sberbank (Switzerland) AG
Kiva Capital Management, LLC
REYL & Cie SA
HSBC Bank A.Ş.
Göltaş Enerji Elektrik Üretim A.Ş.
HSBC Bank plc and HSBC Bank Middle East Limited
AK Bars Bank, PAO
ODDO BHF Aktiengesellschaft
Black Sea Trade and Development Bank
Zürcher Kantonalbank (ZKB)
Investment Fund for Developing Countries
Bank of China Turkey A.Ş.
Marelli Holdings Co. Ltd.
ING Bank N.V.
Akfen Holding A.Ş.
Akfen Yenilenebilir Enerji A.Ş.
Test Taşıt Muayene İstasyonları Yapım ve İşletim A.Ş.
Marport Liman İşletmeleri Sanayi ve Ticaret A.Ş.
Landesbank Baden-Württenberg
Natwest Group, The Royal Bank of Scotland plc
Highlight-Mandate
- Advised leading international banks (including ENBD, Mizuho, BNP Paribas, and Commerzbank AG) in the unsecured syndicated loan facilities to major Turkish banks including Yapı Kredi, Isbank, QNB Finansbank, Vakıfbank, ING Bank, TEB and Alternatifbank.
- Advised HSBC in relation to a secured €27m loan facility to BLS International Holding A.Ş. for the acquisition of İdata Danışmanlık ve Hizmet Dış Ticaret A.Ş.
- Advised Sunrise Foods International Inc, the leading Canadian Company and a global provider of organic and conventional grain and feed, in a $257.5m refinancing facility provided by a syndicate of banks.
CE Partners in association with Clifford Chance
Leveraging deep institutional firmwide ties with a myriad international banks and IFIs, in particular, and also able to draw upon expertise of lawyers spread throughout the Clifford Chance network of offices, CE Partners in association with Clifford Chance excels in advising lenders on big-ticket multi-jurisdictional financings. A large proportion of this workflow relates to the funding of projects throughout the infrastructure and energy sectors, an area of particular expertise for team head Sait Eryılmaz . Eryilmaz is also regularly involved in capital markets matters for a more balanced mix of issuer and arranger clients; he recently advised Şişecam on its $1.1bn Reg S/144a Eurobond issuance through its UK subsidiary, Sisecam UK PLC. Counsel Gökçe Uzun combines deep local expertise with a strong grounding in international market practice (she has local law, New York and UK qualifications), ensuring she is a very popular choice to advise international lenders providing financing on big-ticket project finance matters.
Praxisleiter:
Sait Eryılmaz
Weitere Kernanwälte:
Gökçe Uzun; Başar Kırka; Ali Can Altıparmak; Pelinsu Demircan
Kernmandanten
Actis
Asian Infrastructure Investment Bank (AIIB)
Akbank
Aksa Energy
Alternatifbank A.S.
Arçelik
Bank of America
Bank of China
Barclays Bank
China Development Bank (CDB)
Ciner Group
Citibank
Denizbank
European Bank for Reconstruction and Development(EBRD)
Emirates NBD
Export Finance Norway (Eksfin)
Export Development Canada (EDC)
Nederlandse Financierings Mij. voor OntwikkelingslandenN.V. (FMO)
Ford Otosan
Fraport AG Frankfurt Airport Services
Garanti BBVA
Goldman Sachs International
HSBC Bank
ICBC
International Finance Corporation (IFC)
ING European Financial Services
Invest International
İşbank Noİş Energy
Japan Bank for International Cooperation (JBIC)
JP Morgan
KfW IPEX-BANK GmbH
Mapa Construction
Pacific Investment Management Company (PIMCO)
Petkim Petrokimya Holding
PROPARCO
QNB Finansbank
Rönesans Holding
SACE
SOCAR
Standard Chartered Bank
Şişecam
TAV Airports
Türkiye Kalkınma ve Yatırım Bankası
Türkiye Sınai ve Kalkınma Bankası
TurkExim
Türkiye Wealth Fund
UKEF
Uludağ Energy
UniCredit
Yapı Kredi
Yapı Merkezi
Ziraat Bank
Highlight-Mandate
- Advised JP Morgan and lenders with the UKEF-covered financing provided to the Republic of Türkiye in connection with the Mersin-Adana-Osmaniye-Gaziantep High Speed Rail Project, which was undertaken by Türkiye’s Rönesans Holding Group under an EPC+Fmodel.
- Advised the arranger in respect of two facilities, covered by international ECAs to Türkiye Petrolleri in relation to Phase 1 of the Sakarya Offshore Gas Field Development Project.
- Advised Şişecam on its $1.1bn Reg S/144a Eurobond issuance through its UK subsidiary, Sisecam UK PLC.
Esin Attorney Partnership, Member Firm of Baker & McKenzie International, a Swiss Verein
The ‘experienced and knowledgeable’ team at Esin Attorney Partnership, Member Firm of Baker & McKenzie International, a Swiss Verein provides an ‘outstanding service’ to creditors and debtors across a myriad domestic and cross-border new money/refinancing transactions. Appreciated by clients for its ‘distinctive blend of expertise, innovative approaches, and client-centric solutions’, the team is well-placed to provide bespoke one-stop-shop advice on cross-border mandates, leaning into the firm’s association with the vast Baker McKenzie network of offices. The recent addition to the Istanbul office of Simon Morgan also enhances its ability to advise on cross-border matters, with Morgan able to provide English law advice to both lenders and borrowers seeking or providing financing in the local time zone. Drawing upon ‘strong legal and industry knowledge’, team head Muhsin Keskin is able to provide ‘clear and practical solutions’ on transactional and regulatory work, and as well as advising on bank lending work is also extremely skilled at handling both debt and equity capital markets work for issuers and underwriters. Zeki Nizam Cebe also regularly handles capital markets work, alongside his regular bank-side workflow on major Turkish infrastructure public-private partnership deals.
Praxisleiter:
Muhsin Keskin
Weitere Kernanwälte:
Simon Morgan; Zeki Nizam Cebe; Seray Karaalp
Referenzen
‘The team is very experienced and knowledgeable and consistently provides an outstanding service.’
‘What makes the team outstanding is that they closely monitor each transaction and ensure that every detail is managed with precision and care.’
‘The team stands out in a highly competitive field due to its distinctive blend of expertise, innovative approaches, and client-centric solutions.’
Kernmandanten
Akbank T.A.Ş.
U.S. Development Finance Corporation
Agence Française de Développement
Martı Technologies Inc.
Denizbank A.Ş.
Commerzbank
Türkiye Wealth Fund
Koç Holding A.Ş.
Japan Bank for International Cooperation
Rönesans Gayrimenkul Yatırım A.Ş.
Koton Mağazacılık Tekstil Sanayi ve Ticaret A.Ş.
Intercity (Ekim Turizm Ticaret ve Sanayi A.Ş.)
Deutsche Bank
Bank of America Merrill Lynch
Citibank A.Ş.
HSBC
UBS
Société Générale
Intesa SanPaolo
MUFG
Export-Import Bank of China
JP Morgan
ING Bank A.Ş.
Türkiye Wealth Fund
Flo Mağazacılık ve Pazarlama A.Ş.
Saat ve Saat Sanayi ve Ticaret A.Ş.
Penti (Penca Tekstil Çorap Sanayi ve Ticaret A.Ş.)
Multınet Kurumsal Hizmetler A.Ş.
Ereğli Demir ve Çelik Fabrikaları T.A.Ş.
Ülker Bisküvi Sanayi A.Ş.
Yapı ve Kredi Bankası A.Ş.
Société de Promotion et de participation pour la coopération économique (Proparco)
ICBC
Highlight-Mandate
- Advised Akbank on its issuance of $600m Additional Tier 1 notes, which became the first Basel III-compliant Eurobond in Türkiye and the first AT1 bond issuance in Türkiye since 2019 that was exclusively subscribed by foreign investors.
- Advised the Türkiye Wealth Fund, Türkiye’s sovereign wealth fund, on its issuance of a $500m Reg S Eurobond. This issuance was also the debut international capital markets issuance of the Türkiye Wealth Fund.
- Advised Koton, an award-winning leading regional fashion retailer, on its IPO. This deal generated total proceeds of over TRY 4.1bn, which made it one of the biggest IPO deals in 2024, with a large number of investor demands that well exceeded the offering amount.
GKC Partners (in professional association with White & Case)
As the first international firm established in Turkey, the 'responsive' team at GKC Partners (in professional association with White & Case) has deep experience in the local market and is consequently able to provide a 'top-tier service' to a lender-focused client base across a plethora of domestic and cross-border financings. Team head Güniz Gökçe has strong ties with domestic and international commercial banks, as well as IFIs which she regularly advises on big-ticket new money (including to facilitate local and cross-border M&A) and restructuring mandates. 'Excellent in seeing the bottom line', Ateş Turnaoğlu is also very accomplished at handling cross-border transactions, particularly in the context of syndicated loans provided for the purpose of infrastructure and energy projects. The team also has a market-leading reputation for both issuers and underwriters within the equity and debt capital markets, where it is appreciated for its ability to provide 'a good service on both local and international law'. Derin Altan spearheads this work and 'has a very pragmatic approach that helps clients through complex transactions', including on corporate bond issuances and on IPOs.
Praxisleiter:
Güniz Gökçe
Weitere Kernanwälte:
Ateş Turnaoğlu; Derin Altan; Gökçe Uluç; Aybike İplikçi; Can Argon; Kaan Alkan; Ekin Çınar; Sertaç Yüksel; Şehriban Ünlü; Segenay Kerimoğlu; Efe Soysal; Hasan Karakelle; Deniz Alkan; Göktuğ Yiğiter
Referenzen
‘The team brings a good service on both local and international law, a great perspective of the past, today and the trends and a good track-record on major transactions.’
‘The responsive team provides a top-tier service.’
‘Ateş Turnaoğlu is my key contact for cross-border transactions where we need assistance in foreign jurisdictions. I also take counselling from him on Turkish law matters as well, from time to time. He is excellent in seeing the bottom line and he almost always finds a way to get to the point.’
Kernmandanten
Bank of China Turkey
European Bank for Reconstruction and Development (EBRD)
Borusan EnBW Enerji Yatırımları ve Üretim A.Ş.
Garanti BBVA
T.C. Ziraat Bankası A.Ş. (Ziraat Bank)
Yapı ve Kredi Bankası A.Ş. (Yapı Kredi Bank)
Türkiye İş Bankası A.Ş. (İş Bank)
Türkiye Vakıflar Bankası T.A.O. (VakıfBank)
Türkiye Halk Bankası A.Ş. (Halkbank)
Ziraat Katılım Bankası A.Ş. (Ziraat ParticipationBank)
Türkiye Halk Bankası A.Ş. (Halk Bank)
International Finance Corporation (IFC)
Proparco
Green For Growth Fund Southeast Europe
Türkiye Sınai Kalkınma Bankası (TSKB)
Vestel Elektronik Sanayi ve Ticaret A.Ş.
HSBC Bank
Highlight-Mandate
Gedik & Eraksoy
Acting on its own as well as often alongside key offices in the network, including London, Gedik & Eraksoy is particularly skilled at advising domestic and international financial institutions on bilateral and syndicated loan facilities, both in a new money and refinancing context. The team is also very accomplished at handling multi-sourced financings, involving IFIs and commercial banks, to facilitate large-scale domestic infrastructure and energy projects. Team head Umut Gurgey is at the forefront of this work and is also noted for his capital markets prowess, including advice to arrangers/underwriters on sustainable bond issuances and on Tier 2 bond issuances for banks. Senior associate Dilsah Gurses is also recommended, particularly in relation to syndicated, leveraged and acquisition finance matters. Hakki Gedik recently retired.
Praxisleiter:
Umut Gurgey
Weitere Kernanwälte:
Dilsah Gurses; Berkan Tomay; Nur Ertekin; Irmak Su Aydınlı; Melis Yılmaz Diler
Kernmandanten
International Finance Corporation (IFC)
MUFG Securities EMEA plc
Citigroup Global Markets Limited
The European Bank for Reconstruction and Development (EBRD)
Garanti Bank
Türkiye İş Bankası A.Ş. (Isbank)
Yapı ve Kredi Bankası A.S,
J.P. Morgan Securities plc
Akbank T.A.Ş.
Highlight-Mandate
- Advising the IFC and Proparco on a significant financing package of $112.5m, extended to Sama Al-Manar, a subsidiary of the Türkiye-based Tiryaki Agro, which is set to utilise the investment to establish a cutting-edge agro-industrial complex at Iraq’s Umm Qasr Port.
- Advised the mandating lead arrangers and lenders (Akbank T.A.Ş, EBRD and others) in a $637m facility to a company within the Borusan group, for the purpose of reprofiling of existing loans and new renewable investments of the group.
- Acted for the joint bookrunners on Akbank’s issuance of $600m 9.37% Perpetual Fixed Rate Resettable Additional Tier 1 Notes – significant as the first Turkish Basel III-compliant Additional Tier 1 bond issuance that was fully subscribed by qualified foreign investors, and just one of a series of AT1 issuances by major Turkish financial institutions in relation to which the firm has recently advised.
Paksoy
Adept at advising on the full range of products across both the bank lending front, as well as in the capital markets, independent full-service heavyweight Paksoy is a popular choice among banks and corporates, as well as referring international law firms, to structure complex, often first-of-kind domestic and cross-border transactions. The firm’s visibility on both sides of the table ensures that it has excellent insight from both creditor and debtor perspectives, ensuring it is able to successfully push for the best terms for their client while remaining ‘pragmatic and results-focused’. Sera Somay reflects this balanced client perspective and remains very active for corporates and lenders (including commercial banks and IFIs) seeking or providing financing, including an increasing amount linked to sustainability/green metrics. The vastly experienced Ömer Çollak spearheads the firm’s capital markets offering, advising a balanced mix of issuers and underwriters across the full spectrum of products, including on IPOs, high yield debt and hybrid products. Beril Paksoy and Merve Kurdak, who were both recently promoted to counsel, are both also skilled on the transactional front, with Kurdak also adept at handling fintech regulatory matters.
Praxisleiter:
Ömer Çollak; Sera Somay
Weitere Kernanwälte:
Ökkeş Şahan; Zekican Samlı; Beril Paksoy; Merve Kurdak
Referenzen
‘The team is pragmatic and results focused.’
Kernmandanten
European Bank for Reconstruction and Development (EBRD)
Ülker Biscuits
ING Bank
Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main (DZBank)
Türkiye Sınai Kalkınma Bankası (TSKB)
ASAŞ Alüminyum (ASAŞ)
Landesbank Hessen-Thüringen Girozentrale (Helaba)
COÖPERATIEVE RABOBANK U.A. (Rabobank)
UniCredit Bank Hungary Zrt.
BAYERISCHE LANDESBANK (Bayern LB)
Bank of America
JP Morgan
Kaleseramik
TAV Havalimanları Holding A.Ş.
Türk Ekonomi Bankası A.Ş. (TEB)
Ebebek Mağazacılık (Ebebek)
Borusan Holding A.Ş.
Türk Telekomünikasyon (Türk Telekom)
Highlight-Mandate
- Advised Vestel Elektronik on the issuance of $450m unsecured senior guaranteed notes.
- Advised TAV Airports Holding in relation to its first issuance of debt instruments as a high yield bond outside Türkiye.
- Advised a telecoms company on its debut issuance of $500m Sustainable Notes and tender of $500m Notes.
ASC Law Office
Combining ‘a deep understanding of the regulatory framework with an ability to navigate complex financial structures’, ASC Law Office has a ‘strong track record in structuring large-scale financing agreements’, particularly within the energy sector and on infrastructure investments. Drawing upon a deep understanding of international standards, Levent Yetkil is key to much of this work, where he excels at advising on major cross-border transactions often involving both commercial and development bank funding. Yetkil is also noted for his ‘strategic insight and extensive knowledge of Turkish insolvency regulations’, ensuring that he is a very safe pair of hands navigating multi-party negotiations and high-stakes financial restructurings. The ‘practical and client-friendly’ Okan Beygo heads the team and is able to provide excellent insight to stakeholders across transactional and regulatory work by dint of his experience in both private practice and in-house. ‘Valued for her meticulous attention to detail and hands-on approach’, Fulya Sert Topçu is also a key member of the team as is Ela Sarı, who is particularly skilled at handling derivatives transactions.
Praxisleiter:
Okan Beygo
Weitere Kernanwälte:
Levent Yetkil; Ela Sarı; Fulya Sert Topçu; Merve Mert Ergün; Didem Bayraktar
Referenzen
‘Their strong business acumen allows them to thoroughly understand clients’ commercial objectives, providing tailored, business-focused solutions aligned with strategic goals.’
‘The firm’s major strength and capability that shines through is the client-centric approach and ability to provide innovative solutions.’
‘ASC Law has a strong track record in structuring large-scale financing agreements.’
Kernmandanten
T.C. Ziraat Bankası A.Ş.
Türkiye İş Bankası A.Ş.
Türkiye Sınai Kalkınma Bankası A.Ş.
Yapı ve Kredi Bankası A.Ş.
Türkiye Garanti Bankası A.Ş.
Türkiye Halk Bankası A.Ş.
Osmanlı Yatırım Menkul Değerler A.Ş.
D Yatırım Bankası A.Ş.
Turgut Aydın Holding A.Ş.
İGA Havalimanı İşletmesi A.Ş.
İGA Holding A.Ş.
Boyabat Elektrik Üretim ve Ticaret A.Ş.
Aslancık Elektrik Üretim A.Ş.
Doğuş Enerji Üretim ve Ticaret A.Ş.
AG Anadolu Grubu Holding A.Ş.
Kalyon Güneş Teknolojileri Üretim A.Ş.
Sur Tatil Evleri Gayrimenkul Yatırım Ortaklığı A.Ş.
ASCE Gayrimenkul Yatırım Ortaklığı A.Ş.
Altınay Savunma Teknolojileri A.Ş.
Odine Solutions Teknoloji Ticaret ve Sanayi A.Ş.
Highlight-Mandate
- Advised T.C. Ziraat Bankası A.Ş. on a significant syndicated term loan facility worth approximately $742m and €884m. This facility is a record sustainability-linked syndicated financing by a Turkish bank, with 2024 performance criteria focusing on sustainable agriculture, supporting Ziraat Bank’s mission to finance foreign trade and sustainable agriculture.
- Recently assisted the IPO process of Altınay Savunma Teknolojileri A.Ş., a Turkish company engaged in national defence systems for unmanned aerial, land, sea, and air vehicle projects.
- Advised the IPO process of ASCE Gayrimenkul Yatırım Ortaklığı A.Ş., affiliated with Sanko Group, a Turkish conglomerate engaged in energy, real estate, and textile sectors.
Bezen & Partners
With an excellent grasp of both Turkish and Common Law legal concepts, Bezen & Partners provides 'a very high quality service' to domestic and international lenders and borrowers on often very complex multi-jurisdictional new money and refinancing matters. Led by 'exceptionally skilled' English-law qualified partner Yeşim Bezen, the team has undoubtedly gained most acclaim over the years for its project finance prowess, including within the renewable energy sector. Here, the firm is often required to provide financing solutions utilising both commercial bank debt and development bank-sourced debt, an area that the 'highly responsive, commercially savvy, and incredibly thorough' Banu Bölükemini is particularly adept - in part due to her prior secondment at the EBRD. Murat Soylu is well-versed at handling financial services regulatory matters, knowledge with which he deploys to good effect on a standalone basis as well as in relation to his transactional capital markets.
Praxisleiter:
Yeşim Bezen
Weitere Kernanwälte:
Banu Bölükemini; Murat Soylu; Berkay Sezginci
Referenzen
‘They provide a very high quality service and have an excellent grasp of English law.’
‘They are very courteous to both their clients and the other party.’
‘They have demonstrated a strong ability to navigate the complexities of financial transactions. The firm’s partners and associates are highly accessible and responsive, always prepared to provide support.’
Kernmandanten
Absa Bank
Akfen Gayrimenkul Yatırım Ortaklığı A.Ş.
Akfen Holding A.Ş.
CIMC Aquila Limited
Eren Enerji Elektrik Üretim A.Ş.
Eren Holding A.Ş.
Medcem Madencilik ve Yapı Malzemeleri Sanayi ve Ticaret A.Ş.
Modern Karton Sanayi ve Ticaret A.Ş.
Mohamed Al Barwani, MB Holding LLC
Pronet Güvenlik Hizmetleri A.Ş.
PNC Bank, Association
Rönesans Enerji Üretim ve Ticaret A.Ş.
Rönesans Holding
QNB Finansbank A.Ş.
Yıldırım Holding A.Ş.
Highlight-Mandate
- Advised Aşiyan Enerji Üretim İnşaat Sanayi ve Ticaret A.Ş., Rönesans Enerji Üretim ve İnşaat A.Ş. and its parent company, Rönesans Holding A.Ş., in the successful review, negotiation, and implementation of a significant Euler Hermes covered facilities agreement.
- Advised a Turkish paper manufacturer, in relation to the Hermes and Sinosure covered €350m facility agreements from ING and DZ Bank for the supply of goods and services from the People’s Republic of China and the Federal Republic of Germany within the scope of the construction of the paper mill project in Turkey.
- Advised a Turkish real estate investment trust, and its parent company, one of the largest Turkish conglomerates, in respect of various financings executed by various affiliates for hotel investments in Turkey, Northern Cyprus and the CIS.
Çakmak Attorney Partnership
The ‘responsive’ team at well-established independent firm Çakmak Attorney Partnership provides ‘high-quality’ Turkish law advice to lenders providing finance to facilitate a range of projects in regulated sectors, including energy and mining. Devrim Ergun has entrenched relationships with international banks and IFIs, regularly advising them on event-driven financings, as well as handling work for underwriters on bond issuances and across a range of regulatory matters. Gökhan Okan is ‘deeply knowledgeable’ at handling project/infrastructure finance matters, although he has more of a domestic bank focus which he also advises on their day-to-day regulatory needs. Other areas of transactional expertise include export finance, corporate lending and acquisition finance.
Praxisleiter:
Devrim Ergun; Gökhan Okan
Weitere Kernanwälte:
Aslı Pabuççuoğlu; Nazlı Başak Ayık
Referenzen
‘The responsive team provides high-quality advice.’
‘They are responsive and always go the extra mile to assist us.’
‘Gökhan Okan is deeply knowledgeable.’
Kernmandanten
Emirates NBD Bank (P.S.J.C), Abu Dhabi Commercial Bank PJS, and the syndicate of banks
European Bank for Reconstruction and Development (EBRD)
Türkiye Garanti Bankası A.Ş. (Garanti BBVA)
Türkiye İş Bankası A.Ş. (İşbank)
TSKB
Bayerische Landesbank (BayernLB)
Yelen-Gülpınar Enerji Üretim Sanayi ve Ticaret A.Ş., a subsidiary of ERN Holding and Yıldızlar Grup
T.C. Ziraat Bankası A.Ş. (Ziraatbank)
Highlight-Mandate
- Advising the lenders on a €60m additional financing to be provided to a leading Turkish conglomerate for the financing of the cost increase in the construction of a city hospital project and the refinancing of the borrowers’ certain existing debts with the lenders.
- Advised Garanti BBVA on the 2023 update of its $6bn Global Medium Term Note Program and a $500m Tier II note issuance in the international markets thereunder.
- Advised EBRD on a €30m senior secured loan to Mel 3 Gayrimenkul Geliştirme Yatırım İnşaat ve Ticaret A.Ş., an SPV affiliate of Rönesans Gayrimenkul Yatırım A.Ş. and Rönesans Holding, for the financing of the repair and maintenance works relating to Kahramanmaraş Piazza and Şanlıurfa Piazza Shopping Centers and rent discount supports to be provided to tenants affected by the 2023 earthquakes.
Erdem & Erdem Law Office
Drawing upon 'deep legal knowledge' across a range of financing products, including Shari'ah-compliant techniques, Erdem & Erdem Law Office is well-placed to advise a fairly balanced mix of corporates and borrowers seeking or receiving funding for a variety of purposes. İbrahim Onur Baysal spearheads the firm's capital markets offering and is able to provide deep regulatory insight, in part due to his previous tenure at the Capital Markets Board of Turkey; he has recently handled numerous IPOs for issuers. Ercüment Erdem also handles regulatory and transactional capital markets work (chiefly within the DCM space), and co-heads the overarching finance team alongside Baysal and Ozgur Kocabasoglu, who excels at transactions with a nexus to China.
Praxisleiter:
Ercüment Erdem; Özgür Kocabaşoğlu; İbrahim Onur Baysal
Weitere Kernanwälte:
Didem Adlığ Sönmez; İdil Yıldırım Günaydın; Melis Uslu
Referenzen
‘They have deep legal knowledge.’
‘Their legal opinions are very persuasive as they are very descriptive and clothed in legal justification.’
Kernmandanten
Karsan Otomotiv Sanayi ve Tic. A.Ş.
Türkiye Şişe ve Cam Fabrikaları A.Ş.
Eti Krom A.Ş.
Moka Ödeme ve Elektronik Para Kuruluşu A.Ş.
Türkiye İş Bankası A.Ş.
Hayri Ögelman Madencilik A.Ş.
Samruk – Kazyna Sovereign Wealth Fun Joint Stock Company
İş Portföy Yönetim A.Ş.
Highlight-Mandate
- Advised Karsan on the facility agreement with IFC for the financing of the purchase of electric vehicles and the financing of the company’s capital requirement.
- Advised Türkiye İş Bankası on several matters regarding banking and capital markets legislation and on its open banking practices.
- Advised Hayri Ögelman Madencilik on its IPO on the Borsa İstanbul.
Hergüner Bilgen Üçer Attorney Partnership
Leveraging strong sector specific understanding, new money/restructuring capabilities and knowledge of PPP frameworks, Hergüner Bilgen Üçer Attorney Partnership provides ‘high-quality advice’ to stakeholders throughout the lifecycle of large domestic and cross-border projects. The team has recently handled numerous large healthcare projects for lenders under the Build Lease Transfer (BLT) model, complex work which often involves debt financing provided by both commercial banks and IFIs. Senem Denktaş and Piraye Kuranel Başol have been pivotal to this work, with Basol also recently advising the Istanbul Metropolitan Municipality on issuing its first Green Bond worth $715m on the London Stock Exchange. As well as her transactional expertise, Yeşim Api Şamlı also excels at guiding financial institutions on their operational regulatory needs and is a key member of the team that also includes transportation project finance expert Aslı Budak. All aforementioned practitioners co-head the overarching transactional group.
Praxisleiter:
Senem Denktaş; Piraye Kuranel Başol; Yeşim Api Şamlı; Aslı Budak
Weitere Kernanwälte:
Bora Başkurt; Sertaç Coşgun
Kernmandanten
Istanbul Metropolitan Municipality
International Islamic Trade Finance Corporation
EBRD
IFC
EIB
US International Development Finance Corporation
Türkiye İş Bankası A.Ş.
Export Development Canada
Islamic Corporation for the Development of the Private Sector
Highlight-Mandate
- Advised the Istanbul Metropolitan Municipality on issuing its first Green Bond worth $715m on the London Stock Exchange.
- Advised the EBRD and a group of lenders on a BLT project for a 1,875-bed integrated health campus.
- Advised the EBRD and a group of lenders on a BLT project for two integrated health campuses with a combined 3,140 beds.
ÖzmenYalçin
Since its foundation in March 2022, the ‘responsive, analytical and diligent’ team at ÖzmenYalçin has rapidly made in-roads into the finance market for a varied mix of banks and corporates, which are appreciative of their ability to ‘bring an-outside-the-box approach to transactions with their understanding of non-legal aspects of deals’. The firm is best-known for its capital markets expertise, with a sizeable deal flow that has meant that they are furnished with ‘the most up to date information on how regulators might respond to complex situations and advise clients accordingly’. Güneş Yalçın is particularly visible on behalf of financial institutions as issuers in the DCM market, regularly advising local banks on Eurobank issuances as well as their MTN programmes. The ‘exceptionally commercial’ Ömer Gökhan Özmen, who co-heads the team alongside Yalcin, is noted for his ECM prowess (including on IPOs and secondary public offerings), as well as his work for borrowers and lenders on club and bilateral deals to fund large projects and M&A transactions. The ‘hardworking and client-oriented’ Murat Ayyildiz excels at handling the technical aspects of the IPO work and also provides advice on subsequent ongoing regulatory compliance as a listed entity. Damla Keskin Şerbetcioğlu is praised for her ‘strong business acumen’, which manifests itself in energy-related banking and capital markets work, in particular.
Praxisleiter:
Ömer Gökhan Özmen; Güneş Yalçın
Weitere Kernanwälte:
Murat Ayyıldız; Handan Bacıoğlu; Damla Keskin Şerbetcioğlu; Cenk Yılgör; Beril Çetin; Selin İlkem Erdem
Referenzen
‘The team is responsive, analytical and diligent.’
‘They have remarkable transactional experience and bring an-outside-the-box approach to transactions with their understanding of non-legal aspects of deals.’
‘The team is very experienced at capital markets and handle many transactions. Their large deal flow provides them most up to date information on how regulators might respond to complex situations and advise clients accordingly.’
Kernmandanten
Türkiye Sınai Kalkınma Bankası A.Ş. (TSKB)
T. İş Bankası A.Ş. (İş Bankası)
T. Vakıflar Bankası T.A.O. (Vakıfbank)
QNB Finansbank A.Ş.
T.C. Ziraat Bankası A.Ş. (Ziraat Bankası)
Türkiye İhracat Kredi Bankası A.Ş. (Turk Eximbank)
Şekerbank T.A.Ş.
Mersin Uluslararası Liman İşletmeciliği A.Ş.
Bien Yapı Ürünleri Sanayi Turizm ve Ticaret A.Ş.
Borlease Otomotiv A.Ş. (Borlease)
D Yatırım Bankası A.Ş. (D Yatırım)
Oba Makarnacılık Sanayi ve Ticaret A.Ş. (Oba Makarna)
Highlight-Mandate
- Advised OBA MAKARNA, ÜNLÜ & Co, Kalkınma Yatırım Bankası, Ziraat Yatırım Menkul Değerler A.Ş. and QNB Finansinvest in OBA MAKARNA’s record-breaking IPO with the participation of 3.4 million investors, resulting in a total size of TRY3.78bn.
- Represented Vakıfbank on various 144 A/Reg S eurobond issuances under its $7bn Global Medium Term Note Program.
- Local Counsel to Issuer and carried out GMTN Programme Yearly Update, Re-establishment/yearly update of the MTN programme of 6 of the biggest Turkish banks in their MTN Programmes including program updates, supplements, issuances and any other relevant matters.
Pekin & Pekin
Under the leadership of the ‘exceptional’ Göze Yıldırım, Pekin & Pekin continues to thrive in the market for a lender-focused client base that includes domestic and international banks, as well as IFIs. The broad offering covers project and acquisition finance transactions, as well as advice on regulatory issues, on both a standalone basis as well as in the context of M&A in the sector. Capital markets work is also a strength, with Yildirim noted for her derivatives expertise, including work for ISDA, as well as advice to the underwriters in relation to the Turkish government’s eurobond issuances.
Praxisleiter:
Göze Yıldırım
Weitere Kernanwälte:
Jülide İpek Hançer
Referenzen
‘Göze Yıldırım is an exceptional lawyer.’
Kernmandanten
Citigroup Global Markets Inc.
BofA Securities, Inc.
J.P. Morgan Securities
Goldman Sachs International
HSBC Bank
ING Bank N.V.
Deutsche Bank
Highlight-Mandate
- Advised underwriting banks including Banco Bilbao Vizcaya Argentaria, Citigroup, and Goldman Sachs International on the Republic of Türkiye’s Eurobond issuances amounting to a total of $7.1bn.
Pekin Bayar Mizrahi
Acting alone as well as being able to leverage the international resources of Norton Rose Fulbright (its alliance firm), Pekin Bayar Mizrahi has a strong reputation advising creditors on new money and refinancing transactions in the context of large domestic and cross-border projects, M&A mandates and for general working capital purposes. Utku Ünver excels at handling energy, transportation and healthcare-related projects, regularly utilising a myriad of financing techniques at the front end, as well as in relation to any restructuring/refinancing which subsequently becomes necessary. Senior partner Selin Bayar is also well-versed in handling project finance matters, which she combines with some work on the capital markets front. Meral Arabacı co-heads the team alongside Bayar and Unver and has a strong grounding in litigation which is added value from a risk management perspective when drafting finance documents as well as in the event of any subsequent disputes.
Praxisleiter:
Selin Bayar; Utku Ünver; Meral Arabacı
Weitere Kernanwälte:
Ayça Gümüşay
Kernmandanten
HSBC
Cassa Depositi e Prestiti S.p.A.
Islamic Corporation for Development of Private Sector (ICD)
Mars Growth Capital Fund 1
Dubai Islamic Bank (DIB)
Yapı Kredi Bankası
Turkish Airlines
SITA
Nordex
Louis Dreyfus Company
Natixis
SACE
IFC
Credit Europe Bank
Highlight-Mandate
- Advised Dubai Islamic Bank in its acquisition of a 20% + 1 stake in five companies of the T.O.M. Group, alongside the option to acquire an additional five percent.
- Advised Mars Growth Capital Fund 1, a jointly sponsored fund of MUFG Bank and Liquidity Capital, in its provision of a revolving credit facility of $40m to TruKKer Holding Limited, secured by the assets of TruKKer group entities, including TruKKer Teknoloji Limited Şirketi.
- Advised ICD, in respect of a $15m commodity Murabaha facility granted to a leasing company, which is the subsidiary of one of the largest conglomerates of Türkiye.
TURUNÇ
Successfully combining ‘legal expertise with business acumen’, the ‘very professional and diligent’ team at TURUNÇ provides ‘solutions-oriented’ advice to a borrower-focused client base across a range of financing activity, from working capital facilities and receivables financing through to acquisition and project finance mandates. ‘Always up to date on the legislation and market practices’, the firm’s strong regulatory knowledge informs its transactional work (which is frequently multi-jurisdictional in its scope) as well as being of great importance on ongoing compliance issues and alike. US-trained and with extensive experience in the UK, managing partner Kerem Turunç successfully combines this international grounding with deep local expertise and ‘has an impressive ability to grasp and address complex issues with clarity’, including on the capital markets. Noyan Turunç is ‘very commercially savvy’, including for clients seeking to access the debt and equity capital markets. Ilgın Eroğlu Alyanak, who excels at advising US clients on their Turkish transactions, and İltem Dokurlar, who ‘has immense knowledge and experience when it comes to finance and capital markets’, co-head the team alongside Noyan and Kerem.
Praxisleiter:
Noyan Turunç; Ilgin Eroglu Alyanak; Kerem Turunç; İltem Dokurlar
Weitere Kernanwälte:
Naz Esen
Referenzen
‘The team is proactive, has excellent commercial awareness and has superb international know-how.’
‘They have an exceptionally capable team who draw on their international strength and expertise on the cross-border financing projects we work on.’
‘Combining their legal expertise with business acumen, they provide not only technical input but also critical strategy and guidance.’
Kernmandanten
Ascential plc
Boğaziçi Ventures
Tacirler Gelecek Etki Venture Capital
Caffè Nero
Joygame
BV Crypto
Ataol Capital
BV Portföy Yönetim Şirketi
Venta Projects
Vektör Tanıtım
Highlight-Mandate
- Advised Ascential plc on the sale of its subsidiary WGSN Limited, the world’s leading consumer trend forecasting company.
- Providing Boğaziçi Ventures—one of the largest Capital Markets Board-regulated venture capital funds in Turkey—with ongoing securities law compliance for its investments.
- Advising Capital Markets Board-regulated Tacirler Gelecek Etki Venture Capital on the due diligence for all of the fund’s investments.
Akol Law
Appreciated for its skill at ‘structuring innovative financial products and navigating regulatory landscapes’, Akol Law is recognised as a ‘standout’ firm in relation to capital markets work. Although the scope of this work is broad, to include Eurobond offerings and warrant issues, the team, which is headed by the vastly experienced Meltem Akol, is best known for its work on behalf of companies on their IPO issuances. Senior associate Denizhan Budak is also a key member of the team and is involved in many of the key IPOs it handles.
Praxisleiter:
Meltem Akol
Weitere Kernanwälte:
Denizhan Budak; Onur Küçük
Referenzen
‘Akol Law is a standout in finance and capital markets law, with a strong focus on complex capital raising transactions and securities regulations.’
‘Their expertise in structuring innovative financial products and navigating regulatory landscapes ensures that clients achieve their financial objectives seamlessly.
‘This firm’s Capital Markets team distinguishes itself through a blend of technical expertise, market insight, and a commitment to precision.’
Kernmandanten
Penti (Penca)
HSBC
Çimko Çimento ve Beton Sanayi ve Ticaret A.Ş.
Armada Gıda Ticaret ve Sanayi A.Ş.
Ahes Gayrimenkul Yatırım Ortaklığı A.Ş
Çağdaş Cam Sanayi ve Ticaret A.Ş.
CarrefourSACarrefour Sabancı Ticaret Merkezi A.Ş.
Emlak Konut GYO
Mondi Turkey Oluklu Mukavva Kağit ve Ambalaj Sanayi A.Ş.
Pasifik Donanım ve Yazılım Bilgi Teknolojileri A.Ş.
Polifarma İlaç Sanayi ve Ticaret Anonim Şirketi
Highlight-Mandate
CCAO
With ‘an excellent understanding not only of the law but also of all relevant industry sectors’, CCAO can provide ‘solutions-oriented’ advice to lenders and borrowers providing or seeking finance for large-scale energy projects as well as M&A mandates. The team also excels at handling export finance transactions, an area that Onur Taktak is particularly strong, work which he handles alongside structured finance and restructuring matters. Candemir Baltalı co-heads the team alongside Taktak and is praised for his ‘good problem-solving skills’.
Praxisleiter:
Onur Taktak; Candemir Baltalı
Weitere Kernanwälte:
Onur Görkem Köksal; Fatih Göktuğ İpin
Referenzen
‘It is a solutions-oriented and hardworking team.’
‘It is a diligent firm and provides results promptly.’
‘The firm has an excellent understanding not only of the law but also of all relevant industry sectors.
Kernmandanten
DZ BANK
The Export-Import Bank of China (CEXIM)
Bio City Development Company B.V.
Bedii Can Yücaoğlu
Bio İstanbul Arge Gayrimenkul Yatırım ve Ticaret A.Ş.
Türkiye Sınai Kalkınma Bankası A.Ş.
Mel 3 Gayrimenkul Geliştirme Yatırım İnşaat ve Ticaret A.Ş.
Le Erzin GES Enerji A.Ş.
Habib Bank AG Zurich
TAV Ege Terminal Yatırım Yapım ve İşletme A.Ş.
JP Morgan Chase Bank N.A
Citibank, NA
Firstrand Bank Limited
ING Bank NV
Credit Europe Bank N.V.
Denizbank AŞ. / Denizbank AG
Halkbank
Garanti Bank BBVA
Akbank AG / Akbank TAŞ
DZ Bank AG
Fibabanka A.Ş.
Yapı ve Kredi Bankası A.Ş.
Türkiye İş Bankası A.Ş.
T. Vakıflar Bankası T.A.O.
T. Ziraat Bankası A.Ş.
Çelebi Holding A.Ş.
Dogan Holding A.Ş.
Timur Gayrimenkul A.Ş.
Cengiz Holding A.Ş.
Rönesans Holding A.Ş.
Highlight-Mandate
- Advised Cengiz Group, Limak Group and Koloğlu Group in the refinancing of the $850m loan agreements to which the distribution and retail companies of these groups are parties and the provision of additional loans by three different consortia consisting of İşbank, GarantiBank, Vakıfbank, Halkbank, TSKB, Yapı Kredi, Ziraat Bank.
- Advised JP Morgan Securities (JPM) in connection with the refinancing of the $300m loan provided by JPM to Petkim Petrokimya Holding A.Ş. with an additional $100m and the provision of a $140m loan to Petlim Limancılık, a subsidiary of Petkim.
- Advised the Export-Import Bank of China (CEXIM) in respect of a dual currency loan with a total approximate value of $500m to Ziraat Bank, which will be utilized by Ziraat Bank to provide short and medium-term financing to enhance economic and trade cooperation between China and Türkiye in particular.
DURUKAN+PARTNERS
The team at DURUKAN+PARTNERS advises creditors and debtors on domestic and cross-border financing transactions, where it is ‘willing to think out of the box to accommodate clients’ peculiar demands’. As well as handling new money matters, the team, which is led by Begüm Durukan Özaydin is also adept at advising debtors on restructuring and insolvency matters. Furkan Ergün is also a key name to note who is skilled at advising on secured and unsecured loan transactions, refinancings, and export financing matters.
Praxisleiter:
Begüm Durukan Özaydın
Weitere Kernanwälte:
Furkan Ergün
Referenzen
‘They are very responsive and willing to think out of the box to accommodate clients’ peculiar demands.’
‘Begum Durukan Özaydın is hands on.’
‘Furkan Ergün is resourceful and diligent.’
Kernmandanten
China Development Bank
Arab Bank
European Arab Bank
Emaar Properties PJSC
International Finance Corporation
Ansaldo Energia
Turkiye Sinai ve Kalkinma Bankasi
Bank Med S.A.L and Arab Bank
Plasform
FTX
Highlight-Mandate
- The firm advises IFC from time to time in connection with financings extended to Turkish companies for the purposes of financing their projects or working capital needs.
- Continuing to advise Euroclear in connection with the legal and regulatory aspects of the operations of Euroclear clearance system in Turkey which provides for wider foreign access to local bond market.
- Advises Arab Bank Plc and Europe Arab Bank, in separate litigation relating to claims arising from letters of guarantees issued by Turkish banks and implications arising from bankruptcy proceedings and/or injunctions affecting collection.
Gen Temizer Erdogan Girgin Attorney Partnership
Gen Temizer Erdogan Girgin Attorney Partnership is noted for its ‘client-oriented approach’ and ‘market experience and knowledge’, making it a popular choice for lenders and borrowers across a wide array of transactional and regulatory work. Banking and finance head Ömer Erdoğan has particularly expertise in trade, project and real estate finance matters. Able to ‘navigate complex issues with precision and creativity’, recently promoted partner Dila Topuz spearheads the capital markets offering and has experience advising on IPOs and international bonds for Turkish companies.
Praxisleiter:
Ömer Erdoğan; Dila Topuz
Weitere Kernanwälte:
Baran Gen; Berke Yalçın; Dilara Demir
Referenzen
‘The responsive team provides a profound and business-oriented approach to tackling clients’ issues.’
‘The team has a client-oriented approach to tackling problems.’
‘Their legal technical capabilities combined with market experience and knowledge make us comfortable at each phase of our finance deals.’
Kernmandanten
Bank of America
Bor Şeker
Commerzbank
Egis Tunnel Management
Erciyas Celik Boru Sanayi
Evren Ucok (high net worth individual)
Limak Çimento
Limak Dogu Anadolu Cimento
Limak Yatırım
Opontia
Highlight-Mandate
- Representation of Limak Çimento on their Eurobond issuance under Regulation S and Rule144A.
- Representation of Bor Seker on its IPO.
- Representation of Erciyas Çelik Boru on a structured trade financing provided by Gramercy.
Kolcuoglu Demirkan Koçakli
With an ‘unparalleled ability to navigate intricate financial structures while ensuring strict compliance with local and international regulatory standards’, Kolcuoglu Demirkan Koçakli excels at handling multi-jurisdictional matters, often being called upon by foreign law firm referrers to provide the local law elements of financing involving a nexus to Turkey. Although it also handles some lender work, the growing team continues to gain the most traction among local corporates across a wide range of their financing activity, including in the capital markets space. Hasan H. Yaşar has deep ‘insight into the nuances of Turkish financial regulations’, ensuring that he is able to provide a ‘pragmatic and solutions-oriented’ service, including to issuers raising equity finance via an IPO procedure. Umut Kolcuoğlu co-heads the team alongside Yasar.
Praxisleiter:
Dr. Umut Kolcuoğlu; Hasan Yaşar
Weitere Kernanwälte:
Hasan Yaşar; Melis Öget Koç; Eda Saraçoğlu; İrem Cansu Demircioğlu
Referenzen
‘The team’s unique approach lies in its exceptional blend of technical expertise, a practical understanding of cross-border regulatory frameworks, and a client-centric approach that ensures seamless execution of high-value transactions.’
‘Their diverse experience and comparative knowledge, problem-solving skills, timely and detailed reporting on transaction and communication skills with their clients make a huge difference.’
‘The firm’s unparalleled ability to navigate intricate financial structures while ensuring strict compliance with local and international regulatory standards is very impressive. I was impressed by their attention to detail, the time of reply and ability to handle multi-jurisdictional matters, offering both legal precision and commercial insight that few firms can match.’
Kernmandanten
QInvest LLC
Mubadala
Chailease International
Koton and its shareholder Nemo Apparel BV
Boyner Group
MeDirect Bank (Malta)
Tavuk Dünyası
Mediterra Capital
Turkven Private Equity
Logo Software
Bahrain Middle East Bank
Alarko Group
Koton
Highlight-Mandate
- Advised Koton’s shareholder Nemo Apparel BV on the IPO of Koton, a leading Turkish fashion retailer company.
- Advising Tavuk Dünyası, a Turkish fast-food giant, on its IPO.
- Advising Logo Software, Turkey’s largest publicly traded software company, on transactional and day-to-day capital markets matters.
Lexist Law Firm
With broad regulatory coverage and also well-versed across a range of bank finance transactions, including in the context of project, corporate and asset finance matters, Lexist Law Firm is a popular choice among lenders, funds and corporates on domestic and multi-jurisdictional matters. As well as advising on ad-hoc regulatory advisory matters, including its long-running involvement in the establishment of the new Istanbul Financial Centre, the team also parlays this knowledge to good effect on M&A in the space, including on behalf of Aydın Group on the establishment of three finance companies to form the digital bank TOM. Mesut Kaya was at the forefront of both these deals and is a key member of the team that is led by Murat Erbilen, who offers excellent insight into the business sector, having himself formerly been in-house counsel at a large Turkish conglomerate. The team is also increasingly active in the capital markets field and benefits from ‘extensive knowledge of Capital Market Board regulations and current processes’. Sevde Nur Paksoy is the main contact for this work and has handled a raft of IPO listings for issuers over recent years.
Praxisleiter:
Murat Erbilen
Weitere Kernanwälte:
Mesut Kaya; Duygu Öztürk Dinçer; Sevde Nur Paksoy
Referenzen
‘They have extensive knowledge on Capital Market Board regulations and current processes.’
‘The team’s collaborative approach, command of the subject and process were on point.’
‘Lexist Law Office’s practice stands out due to its exceptional depth of knowledge and nuanced understanding of both local and international legal landscapes. What sets them apart is their ability to seamlessly integrate Turkish regulatory intricacies with global standards.’
Highlight-Mandate
- Advised the Issuer on Türkiye’s first bond financing of a PPP using Secured Debt Amortising Notes with a value of $450m.
- Advised Aydın Group on the establishment of three finance companies to form the digital bank TOM, which was later acquired in part by Dubai Islamic Bank.
- Advised on 10 IPOs in a full-scope capacity for Turkish companies active in the energy, mining, food, agriculture, engineering, FMCG, packaging and real estate sectors.
Okat Law
Since its founding in 2021, the ‘hardworking, capable, responsive, and efficient’ boutique finance practice Okat Law has quickly made inroads into the market, gaining a reputation among lenders and borrowers for ‘achieving results while grounded in a solid legal foundation’. Key to the firm’s success is the work of ‘exceptionally capable’ founding partner Yalçın Özge Okat, whose former role at the Capital Markets Board ensures that he ‘possesses in-depth knowledge of the relevant issues’, both on the regulatory and transactional front. As well as excelling at handling issuer-side IPOs, Okat is also well-versed in broader banking (including ISDA derivatives advice) transactions and fintech-related mandates.
Praxisleiter:
Özge Okat
Weitere Kernanwälte:
Gizem Yıldız; Irmak Dikmen; Yaşar Tarık Okatan
Referenzen
‘The firm is exceptionally energetic and has extensive experience with fintech companies.’
‘They have a keen focus on important issues and I consider them a next-generation law firm, committed to achieving results while grounded in a solid legal foundation.’
‘The team is hardworking, capable, responsive, and efficient.’
Kernmandanten
Seğmen Kardeşler Food Production and Packaging Industry A.Ş.
Gedik Investment Securities A.Ş.
Amicorp Switzerland AG
Uslu ÇSM Iron Steel A.Ş.
Dinamik Investment Securities A.Ş.
Gelecek Asset Management A.Ş.
Finar Communication Technologies A.Ş. (Bistock)
Highlight-Mandate
- Advised Seğmen Food on its IPO.
- Advised Uslu ÇSM on its IPO.
- Advised Turkish brokerage company, Gedik Investment Securities A.Ş., across a wide range of commercial contract work and transactional matters.
YBK Law Firm in Cooperation with CMS
YBK Law Firm in Cooperation with CMS provides ‘tailored advice and support’ to domestic and international clients across a wide range of financing products, acting on its own as well as being able to work alongside colleagues from the firm’s broader international network. Having previously spent time in-house at the Turkish Capital Markets Board, Hülya Kemahlı has good insight into the regulator’s requirements and is therefore a popular choice, particularly among issuers seeking relevant approvals before IPOs. Alaz Eker Ündar takes the lead on the lending work, advising a bank-focused client base on syndicated and structured loan arrangements, as well as project finance mandates.
Praxisleiter:
Döne Yalçın; Hülya Kemahlı; Ündar; Alican Babalıoğlu
Weitere Kernanwälte:
Zeynep Berin Manavgat
Referenzen
‘The team offers a highly personalized service, ensuring that every client receives tailored advice and support. This approach fosters stronger relationships and more effective solutions.’
Kernmandanten
Tureks Turunç Madencilik İç ve Dış Ticaret Anonim Şirketi
Kaleseramik, Çanakkale Kalebodur Seramik A.Ş.
Lila Kağıt Sanayi ve Ticaret A.Ş.
Zorlu Yenilenebilir Enerji A.Ş.
Kalekim Kimyevi Maddeler Sanayi ve Ticaret A.Ş.
Zorlu Enerji Elektrik Üretim A.Ş
Highlight-Mandate
- Advised Kaleseramik on preparation of its amendment of the articles of association and the offering circular for its first IPO.
- Advised Lila Kağıt on preparation of its amendment of the articles of association, the offering circular and the independent legal opinion for its first IPO.
- Advised Tureks on preparation of its amendment of the articles of association, the offering circular and the independent legal opinion for its first IPO.
Pelister Keki Sarac & Co
Although it handles its fair share of new money financings, Pelister Keki Sarac & Co is particularly adept at advising stakeholders on restructuring and insolvency matters. The scope of this work runs the gamut from formal liquidations to balance sheet restructurings, non-performing loan (NPL) transactions and fund-related distressed mandates. Kerim Pelister is experienced in corporate, finance, energy and restructuring matters and co-heads the team alongside Emre Keki, whose ‘knowledge of Turkish banking and enforcement law is excellent’.
Praxisleiter:
Kerim Pelister; Emre Keki; Nazlı Macun
Referenzen
‘Emre Keki’s knowledge of Turkish banking and enforcement law is excellent.’
‘The have in-depth knowledge of the industry and make extensive research if needed to find the best solution for my cases.’
‘Kerim Pelister is a magician in finding ways for win-win positions.’
Kernmandanten
QNB Finans Leasing A.S.
QNB Finansbank A.S.
International Finance Corporation (IFC)
ETC/Collecturk
Sekerbank
Halkbank
Vakıfbank
Akfa Group
Zvilo
Eldor Corporation
Clarastra
Syntaxis Capital
Odeabank
Yılmaz Ulusoy Holding
Arven Pharmaceuticals
Eurocity
Highlight-Mandate
- Advised Eldor Corporation and its Turkish subsidiary, Eldor Turkey ,on the restructuring and rescheduling of financial indebtedness amounting to €111.2m.
- Advised QNB Finansbank on the sale of a TRY1.75bn non-performing loan asset portfolio, comprising corporate, SME, personal loans, and credit card debts.
- Provided a comprehensive legal opinion to Akfa Group on the shareholder structure of its Turkish subsidiaries, Altair İnşaat Yatırım Geliştirme A.Ş. and İlk Sabah İnşaat A.Ş., and assessed the legality of establishing a pledge on Altair’s shares under Turkish law as collateral for a $170m loan agreement with Halyk Bank of Kazakhstan JSC.
Atayilmaz Enkür Çetinkaya Öner (AECO) Law Office
Formed as a spin-off from the now defunct Pelister Atayilmaz Enkur Law Office in March 2024, Atayilmaz Enkür Çetinkaya Öner (AECO) Law Office advises lenders (banks and IFIs) and borrowers (corporates and funds) across a wide range of financing activity. Founding partner Yafes Öner, who co-heads the team alongside Fazil Çiftçi, has expansive expertise covering project finance, acquisition finance and corporate restructuring. Counsel Darius Alam has ‘deep capital markets experience’, across both regulatory and transactional matters.
Praxisleiter:
Yafes Öner; Fazıl Çiftçi
Weitere Kernanwälte:
Darius Alam; Behiye Gökceli
Referenzen
‘They have deep capital markets experience, including US capital markets.’
‘AECO Law are very professional. They provide clear and commercial advice and are willing and able to make themselves available to assist as required.’
‘Darius Alam is highly responsive and has deep capital markets experience.’
Kernmandanten
Saudi EXIM Bank
Victoria PLC
Conteyor International
Yapı Kredi Bank
Yapı Kredi Leasing
Highlight-Mandate
- Advised Saudi EXIM Bank on the line of financing agreement executed with T.C. Ziraat Bankası.
- Advised Saudi EXIM Bank in connection with preparation and issuance of a Turkish law enforceability legal opinion with respect to the line of credit agreement between Saudi EXIM Bank and T.C. Ziraat Bankası.
- Advised Victoria Plc on an accession project and negotiation of a collateral package in relation to a revolving credit facilities agreement.
Çigdemtekin Aranci Günes
Leveraging strong local business ties, particularly in the energy and industrial sector, and also regularly receiving referral work from international law firms, Çigdemtekin Aranci Günes has good credentials across a range of domestic and cross-border borrower-side financing transactions. Recognised as a ‘superlative transaction lawyer’, Gamze Cigdemtekin stands out for her ‘knowledge, tenacity and technical know-how’, particularly in the corporate finance space. Çiğdemtekin co-heads the team alongside Tuna Cakırca Engur and has niche payments regulatory expertise.
Praxisleiter:
Gamze Çiğdemtekin Özer; Tuna Çakırca Engür
Referenzen
‘Great teamwork and ability across different levels in the firm. Very dedicated to making sure transactions run smoothly and act in the best interests of their client. ’
‘Gamze Çiğdemtekin Ozer is a superlative transaction lawyer and stands out in the market for her knowledge, tenacity and technical knowhow. I would not hesitate to recommend her when asked for referrals. ’
Kernmandanten
EGESIM Group
Cevher Jant A.Ş.
Franklin Templeton Investments
CEECAT Capital Limited
Verifone Elektronik ve Danışmanlık Ltd. Şti. (Verifone Turkey)
Aabar Investments PSJ
Templeton Asset Management
Edenred Turkey
Görener Family
Further Network
Onlayer Bilişim Teknolojileri A.Ş.
Barakatech Yazılım Sanayi ve Ticaret A.Ş.
Panaroma Bilişim Teknolojileri A.Ş.
Franklin Templeton Investments
Highlight-Mandate
- Provide capital markets and regulatory advice to Franklin Templetonin connection with certain of their portfolio companies in Turkey.
- Advising Verifone and Panaroma on loan agreements, surety contracts and matters related to payment services regulations which is regulated by the Revenue Administration and on structuring of complex structures relating to payment systems and software development projects.
Ergün Avukatlik Bürosu
Ergün Avukatlik Bürosu is able to ‘navigate complex financing structures with clarity and efficiency’, and is a popular choice among lenders and borrowers/sponsors to represent them in PPP-based infrastructure and energy projects. Burcu Baltacıoğlu is singled out for her ‘diligent and thorough approach’, and along with Çağdaş Evrim Ergün is key to the project finance work. Lara Sezerler is skilled at handling capital markets transactions.
Praxisleiter:
Çağdaş Evrim Ergün; Burcu Baltacıoğlu; Lara Sezerler; Pelin Ecevit; Tuğba Aksoy Bozkurt
Weitere Kernanwälte:
Irmak Yensel Nergiz; Öykü Su Karahan; Pınar Özceylan
Referenzen
‘The team stands out due to its ability to navigate complex financing structures with clarity and efficiency.’
‘Their strength lies in delivering tailored and practical advice that aligns with our business needs, especially in cross-border transactions where both Turkish and international regulations must be considered.’
‘The firm’s practice stands out for its exceptional responsiveness, deep competence in banking, finance and capital markets practice, and unique experience, particularly in PPP projects.’
Kernmandanten
Dumlupınar Sağlık Hizmetleri A.Ş.
Güriş Holding A.Ş
Güriş İnşaat ve Mühendislik A.Ş.
Türkiye İş Bankası A.Ş.
Türkiye Vakıflar Bankası T.A.O
Türkiye Sınai Kalkınma Bankası A.Ş.
Türkiye Kalkınma ve Yatırım Bankası A.Ş.
Gaziantep Hastane Sağlık Hizmetleri İşletme Yatırım A.Ş.
Meridiam Eurasia SAS
Rönesans Sağlık Yatırım A.Ş.
GZT Healthcare Investment B.V. (a subsidiary of Rönesans Sağlık Yatırım A.Ş.)
Fernas İnşaat A.Ş.
QNB Finansbank A.Ş.
T.C. Ziraat Bankası A.Ş.
Türkiye Halk Bankası A.Ş.
J.P. Morgan SE
JP Morgan Chase Bank N.A.
Bpifrance
ISS Global A/S
ISS Tesis Yönetim Hizmetleri A.Ş.
ISS İşletme Hizmetleri A.Ş.
ADN PPP Sağlık Yatırım A.Ş.
BRS Sağlık Yatırım A.Ş.
ELZ Sağlık Yatırım A.Ş.
YZG Sağlık Yatırım A.Ş.
Highlight-Mandate
- Advised the Sponsors (Güriş Holding A.Ş. and Güriş İnşaat ve Mühendislik A.Ş.) and the Borrower (Dumlupınar Sağlık Hizmetleri A.Ş.) in the financing of the PPP model Kütahya City Hospital Project.
- Represented Türkiye Sınai Kalkınma Bankası A.Ş. and Türkiye Vakıflar Bankası T.A.O. for the Phase II capacity increase investment of an energy storage facility.
Ersoy Bilgehan Lawyers & Consultants
The ‘professional and efficient’ team at Ersoy Bilgehan Lawyers & Consultants provides ‘commercial and solutions-oriented advice’ to a lender/lessor-focused client base, as well as in a co-counsel setting with international referring law firms on the Turkish law aspects of some major cross-border transactions. Asset finance remains a core strength, particularly within the maritime sector, although the team, which is co-headed by the ‘highly experienced’ Zihni Bilgehan and Emre Ersoy (‘stands out for his sharp legal insight’), has also diversified the scope of its workflow to include an increasing volume of project finance and general corporate lending work.
Praxisleiter:
Zihni Bilgehan; Emre Ersoy
Weitere Kernanwälte:
Nihal Ceyda Cakir
Referenzen
‘The firm has built a reputation for its deep expertise in banking, finance, and capital markets. The team’s approach is marked by a proactive and strategic mindset, always staying ahead of market changes.’
‘The professional and efficient team provides commercial and solutions oriented advice.’
‘Emre Ersoy stands out for his sharp legal insight, strategic thinking, and commitment to client success.’
Kernmandanten
Chailease International Financial Services (Singapore) Pte. Ltd
Garanti Bank AS
Vakif Katilim Bank AS
Chailease International Financial Services (Singapore) Pte. Ltd
Deutsche Bank AG
QNB Finansbank
Albaraka Turk Participation Bank
UniCredit Bank AG
Eren Enerji Elektrik Uretim Anonim Sirketi
Orix Maritime Corporation
Istanbul Yachting
Hamburg Commercial Bank
Dedeman Holding
Mistacoglu Holding
Zamanti Denizcilik ve Ticaret Limited Sirketi
CIMC Financial Leasing (Qianhai Shenzhen) Limited (CIMCFL)
CCBFL
Jiangsu Financial Leasing Co., Ltd. (JSFL)
SPDB Financial Leasing Co., Ltd
Minsheng Financial Leasing Co., Ltd.
DekaBank
Highlight-Mandate
- Assisted the lessor Shanghai Pudong Development Bank, with an asset financing structure under which they have provided funding to a Turkish group of companies under a sale and leaseback transaction.
- Represented Dedeman Holding, a prominent Turkish holding company with investments in the mining, construction, and tourism sectors.
- Advised lessor Jiangsu Financial Leasing Co., with an asset financing structure under which they have provided funding to a Turkish group of companies under a sale and leaseback transaction.
KST Law / Kinstellar Istanbul
Well-informed across both local and international banking and finance regulations, and also benefitting from ‘market insights and cross-border experience’, KST Law / Kinstellar Istanbul is well-versed in advising lenders and borrowers on the financing associated with major international projects involving a Turkish nexus. Appreciated for his ‘attention to detail’, English-law qualified Emre Edmund Özer provides ‘responsive and pragmatic advice to foreign banks and corporates, including on export finance matters and acquisition finance. Mert Elçin co-heads the team alongside Ozer and is also active in financial services regulatory matters.
Praxisleiter:
Emre Edmund Özer; Mert Elçin
Weitere Kernanwälte:
Helin Akbulut
Referenzen
‘The team is responsive and commercial.’
‘They follow the local and global regulations in the banking and finance world and propose alternative solutions. They also bring new ideas by interpreting technological developments according to local legal regulations.’
‘The strength of KST Law in banking and finance comes from its knowhow and client focus in our relations with banks. As part of an international firm, we appreciate their market insights and cross border experience which is critical for our international finance projects.’
Kernmandanten
BNP Paribas
Erciyas Çelik Boru Sanayi
Commerzbank
Bank of America
Partners for Growth VI, LP and Opontia Pte. Ltd.
Quick Finansman
Nova Ljubljanska Banka, d.d. (NLB)
Torunlar Group
Maher Holding
Highlight-Mandate
- Advised Nova Ljubljanska Banka, d.d. Ljubljana, on the acquisition of SLS Holdco (SummitLeasing Slovenia).
- Advised Partners for Growth VI, LP (PFG) on the proposed refinancing structure for their existing loans, as well as assisting them with the drafting and negotiation of new financing documents.
- Advised Commerzbank on an export financing provided to Esyel Global Energy for the delivery and installation of wind turbines by Vestas and Atakalares Electrics and for the delivery and installation of wind turbines by Nordex under guarantee by Garanti Bank.
LBF Partners
LBF Partners provides ‘creative solutions’ for an issuer-focused client base on their IPO needs. ‘Down-to-earth and responsive’ co-heads Nusret Çetin and Elif Copur are key to this work and are also well regarded at handling financial services regulatory matters, including obtaining the necessary regulatory approvals from the CMB for asset management firms.
Praxisleiter:
Nusret Cetin; Elif Copur
Weitere Kernanwälte:
Burak Celebi; Ahmet Serkan Oksuz; Abdurrahman Soyoglu; Ece Ozcelik; Aleyna Celik; Alptekin Semiz; Beril Inceoglu; Nihal Sevinc; Goysu Mammadova; Furkan Bozdag
Referenzen
‘The team possesses essential technical expertise in our industry, setting them apart in a distinctive manner. Their profound understanding of our sectors and their ability to swiftly create creative solutions tailored to our innovative business models have earned them high praise.’
‘LBF Partners has consistently delivered swift, highly efficient, and precise responses to our legal inquiries and matters.’
‘The LBF team stands out for their exceptional legal expertise and practical knowledge, consistently delivering prompt, professional, and highly effective results, particularly in handling complex, time-sensitive matters.’
Highlight-Mandate
Moroglu Arseven
Moroglu Arseven acts for a roster of domestic corporates on their transactional, day-to-day corporate governance and litigation needs. The scope of the work is broad and includes project finance, asset-based lending, capital markets transactions and listing compliance. Seyfi Moroğlu and Burcu Tuzcu Ersin co-head the team, with both having niche expertise in startup financing and fintech regulatory expertise.
Praxisleiter:
Seyfi Moroğlu; Burcu Tuzcu Ersin
Weitere Kernanwälte:
Haza Baydar; Sevi Islamagec; Burcu Guray; Elif Köksal; Baran Elçi
Referenzen
‘They are proactive and agile.’
Highlight-Mandate
Mutlu Law Firm
Combining ‘deep legal expertise with a client-focused approach’, Mutlu Law Firm has excellent traction in the banking sector combining regulatory expertise with transactional prowess. Ümit Akkaya is key to the firm’s success in the space and is noted for his ‘deep expertise in sukuk transactions and Islamic finance’. Bekir Halaçoğlu co-heads the team alongside Akkaya, with both lawyers acting as de-facto in-house lawyers to Kuveyt Türk Katılım Bankası, the leading Islamic finance bank in Turkey operating on an interest-free basis.
Praxisleiter:
Bekir Halacoglu; Dr. Ümit Akkaya
Referenzen
‘What truly sets Mutlu Law Firm apart is their ability to blend deep legal expertise with a client-focused approach.’
‘They are extremely experienced in the field of Participation Banking. They embrace the work they undertake and complete it in the best possible way.’
‘Bekir Halaçoğlu stands out for his expertise in participation finance. His pragmatic approach and in-depth knowledge of the sector ensure that every issue is handled with precision and foresight. He brings a unique ability to navigate complex financial structures, making him an invaluable asset in this area.’
Kernmandanten
Kuveyt Türk Katilim Bankasi A.Ş.
Türkiye Emlak Katilim Bankasi A.Ş.
Emlak Varlik Kiralama A.Ş.
Neova Katilim Sigorta A.Ş.
Kuveyt Türk Yatirim Menkul Değerler A.Ş.
Kuveyt Türk Portföy Yönetimi A.Ş.
Architecht Bilişim Sistemleri ve Pazarlama Ticaret A.Ş.
KT Sukuk Varlik Kiralama A.Ş.
Highlight-Mandate
- The firm managed the entire legal process required for Kuveyt Türk Katılım Bankası’s capital increase without preemptive rights and with a premium issuance.
- Provided comprehensive legal support throughout the establishment process of Kuveyt Türk Yatirim Menkul Değerler A.Ş., which was founded by Kuveyt Türk Katılım Bankası A.Ş. to operate as a brokerage firm in the capital markets.
- Legal advisors in the issuance of lease certificates based on a management agreement where Emlak Varlık Kiralama A.Ş. was the issuer and WorqCompany Dış Ticaret A.Ş. was the fund user. Throughout the process, we developed the issuance structure for the lease certificates.
Namli & Kayum & Demir Attorney Partnership
Although it has limited bank lending capability, the team at Namli & Kayum & Demir Attorney Partnership is adept at advising on ECM-related mandates. Indeed, under the leadership of Kaan Demir, it has advised on a number of IPOs, as well as the pursuant compliance work for renewables and financial services companies.
Praxisleiter:
Kaan Demir
Weitere Kernanwälte:
Begüm Kayum; Mert Ceylan
Kernmandanten
Selçuk Gıda Endustri İhracat İthalat
Global Yatırım Holding
Consus Enerji İşletmeciliği ve Hizmetleri
Naturelgaz Sanayi ve Ticaret
Şeker Yatırım Menkul Değerler
Sümer Varlık Yönetimi
SMM Tekstil
Highlight-Mandate
- Advised Global Yatırım Holding on their successful bid for Global Ports Holding Plc on the London Stock Exchange.
- Advised Selçuk Gıda Endustri İhracat İthalat A.Ş.’s majority shareholders in the acquisition of Selçuk Gıda Endustri İhracat İthalat A.Ş. on the Borsa Istanbul.
- Advised Consus Enerji İşletmeciliği ve Hizmetleri A.Ş. on the IPO of its shares on Borsa Istanbul for Try519.8m million Turkish liras, and further capital increase of Try385.5m.
Özdirekcan Dündar Şenocak Ak in partnership with Gide Loyrette Nouel
Özdirekcan Dündar Şenocak Ak in partnership with Gide Loyrette Nouel‘s focus on work in the banking and finance space is in relation to advising international banks and IFIs on lending activity with a cross-border complexion. As well as advice on a range of new money mandates, covering asset and project finance, Bülent Özdirekcan is also adept at handling restructuring and insolvency matters. Arpat Şenocak co-heads the team alongside Bulent and regularly advises international banks on regulatory compliance issues pursuant to their activity in Turkey.
Praxisleiter:
Arpat Şenocak; Bülent Özdirekcan
Weitere Kernanwälte:
Mehmet Kösoğlu; Mustafa Karadaş
Referenzen
‘The team is responsive, disciplined and meticulous.’
Kernmandanten
International Finance Corporation
Altilis
Skandinavska Enskilda Banken
AFD
ALD International
SG Hambros
PJSC Rosbank
European Bank for Reconstruction and Development
T. İş Bankası
BNP Paribas Cardif Sigorta
Türkiye Sigorta
The Export-Import Bank of China
Euler Hermes
Ak Gida
International Finance Corporation
Highlight-Mandate
- Advised Société Générale Milano—a branch of Groupe Société Générale in Italy—concerning a cross-border financial lease delivered to SunExpress—a joint venture formed between Turkish Airlines and Lufthansa.
- Assisted Portage Ventures with financial and banking law aspects in the scope of its investment into the Turkish retail investing start-up Midas Menkul Değerler.
- Advised Société Générale Milano—a company part of Groupe Société Générale in Italy—on the granting of a general-purpose facility in Euro labelled as Green Loan—loans meant for sustainable, environmentally friendly purposes—in connection with a pool of banks.