Firms in the Spotlight Banking, finance and capital markets
Banking, finance and capital markets is one of our core practice areas. On the banking & finance side, we advise banks and other financial institutions, investors and governmental agencies in the field of banking and financial law. Our banking and finance team provides legal services for all financial transactions including, acquisition finance, term loans, syndicated …View Profile...
Banking, finance and capital markets in Turkey
Balcıoğlu Selçuk Akman Keki advises on acquisition finance, asset-based lending, asset finance, bank formation, bilateral and syndicated lending, debt capital markets, financial institutions regulation, project finance, trade finance and consumer finance. The team advised Tiryaki Agro on its $65m long-term loan facility extended by a syndicate led by Dutch development bank FMO, jointly with other lenders European Bank for Reconstruction and Development (EBRD) and Proparco. Other clients include Bank of America Merrill Lynch, HSBC, Mizuho Bank and Standard Chartered Bank. Barlas Balcıoğlu and Müfit Arapoğlu, who is 'very responsive, client-oriented and has vast expertise in capital markets matters', head the team. Günhan Yalçın and Tamsyn Mileham are also recommended.
Esin Attorney Partnership, Member of Baker & McKenzie International provides a broad range of banking and finance advice including transactional, capital markets, restructuring of shareholder and corporate structures, securities laws, regulatory matters, and structuring of employee stock options. The team advised Medical Park, a Turkish private healthcare provider, on its $1.3bn IPO. Another highlight was advising Akbank on the issuance of $400m Basel III-compliant fixed-rate resettable tier 2 notes. Other clients include Citibank, Bank of America Merrill Lynch and HSBC. Muhsin Keskin heads the team, supported by of counsel Sıla Yavuz, newly promoted senior associate Berk Cin and senior associate İlyas Gezer, who joined from ASC Law Office.
GKC Partners (in professional association with White & Case)
GKC Partners (in professional association with White & Case) is adept at handling cases of distressed debt restructurings, secured lending, syndicated lending, acquisition financing, project financing and mezzanine financing. It also advises on the full range of capital markets issues including IPOs. The team advised Bereket Group on its $4.2bn refinancing and debt restructuring, and assisted a consortium of banks as lenders in the $600m refinancing of debts of Kangal Termik Santral. Other clients include Credit Suisse. Güniz Gokce and Derin Altan jointly head the team.
Paksoy handles the full range of financing matters and capital market transactions. Financing expertise includes leveraged and acquisition finance, project finance, regulatory capital transactions, secured and unsecured loans, sub-loans, syndicated loans and Islamic finance products. Capital markets expertise includes IPOs, local currency bond issuances, restructuring of bonds, asset-based securities, establishment of funds and structured finance transactions and securitisations. The team advised Ziraat Bankası on its entry into a $1.4bn syndicated loan agreement with 44 banks from 22 countries. Other clients include ABC Islamic Bank, ArcelorMittal, Bank of America Merrill Lynch, Barclays and Volkswagen Financial Services. Sera Somay focuses on finance transactions and co-heads the team alongside Ömer Çollak, who deals with capital markets matters. Ökkeş Şahan was promoted to counsel.
Pekin & Pekin advises on the full range of banking, finance and capital markets matters including bilateral and syndicated loans, leveraged finance, real estate finance, project finance, acquisition finance and Islamic finance. Other areas of expertise include the negotiation, drafting and review of credit facility agreements. The team is co-headed by senior partners Ahmed Pekin and 'outstanding professional' Özge Okat and newly promoted partner Eda Beltan. Recommended senior associate Hasan Yaşar is adept at handling capital markets deals.
Yegin Ciftci Attorney Partnership is adept at handling structured and complex financings including corporate lending, leveraged and acquisition finance, structured finance, project finance, debt restructuring, export finance, real estate finance and sovereign lending. It also attracts capital markets matters including equity deals and IPOs. Recent highlights include advising EBRD and Türkiye Garanti Bankası as the lenders on a $375m finance package for the privatisation of the Menzelet and Kılavuzlu hydroelectric power plants. Other clients include International Finance Corporation, ICBC Turkey, China Development Bank, BNP Paribas and HSBC. Mete Yegin and Itır Sevim-Çiftçi head the team. Sait Eryilmaz was promoted to counsel.
Akol Law advises on loan facilities, cross-border transactions, international IPOs and Eurobond issuances. A recent highlight includes acting for Petkim Petrokimya on the issuance of a $500m Eurobond listed on the Irish Stock Exchange. Other clients include Goldman Sachs, Citigroup, Bank of America Merrill Lynch and HSBC. Meltem Akol and Özgün Özok head the team. Zeynep Yavuz was promoted to partner and senior associate Nil Acar joined from Hergüner Bilgen Özeke.
Bezen & Partners' 'highly reputable and capable' team advises on acquisition and leveraged finance, asset finance, banking, debt restructuring, project finance and structured finance. Other areas of expertise include issuance of debt instruments and bonds, derivatives transactions, swap and International Swaps and Derivatives Association (ISDA) transactions. It advised an international financial institution on a $95m senior unsecured loan to a Turkish chemicals manufacturer, and Pronet Güvenlik Hizmetleri as the borrower on a $203m refinancing package. Other key clients include China Aircraft Leasing Group, Akbank, JP Morgan and QNB Finansbank. Yeşim Bezen, Murat Soylu and Banu Aslan head the team. Can Özilhan was promoted to senior associate.
Erdem & Erdem Law Office provides 'reliable, quality services and responds quickly and effectively'. It handles acquisition finance and refinance, project finance, commercial banking transactions and bankruptcy matters. Other areas of expertise include domestic and international capital markets transactions including IPOs, stock exchange quotations, and structured finance and M&A-related tax matters. The team provides capital markets legislation advice to Türkiye İş Bankası. Ercüment Erdem and Özgür Kocabaşoğlu head the team. Tuna Çolgar, Gaye Spolitis and senior associate Nezihe Boran Demir are also recommended.
Gedik Eraksoy Avukatlik Ortakligi handles a broad range of banking, finance and capital markets matters including project finance, syndicated lending, leveraged and acquisition finance, Islamic finance, derivative products, securitisations and IPOs. Recent highlights include acting for EBRD, Inter-American Development Bank (IDB) and Black Sea Trade and Development Bank (BSTDB) on the financing of the Konya Karatay Integrated Health Campus project. Other clients include Wells Fargo, Morgan Stanley and HSBC. Hakkı Gedik and Umut Gurgey head the team. Gökhan Eraksoy retired from the partnership.
Hergüner Bilgen Özeke’s banking and finance team is jointly headed by Piraye Kuranel Başol, Mert Oğuzülgen, Kayra Üçer and Yeşim Api Şamlı, who has ‘excellent relations with regulatory authorities’. Areas of expertise include corporate finance, acquisition finance, project finance, and Islamic finance. It also advises on organising employee stock option plans. Recent highlights include advising Merrill Lynch on corporate loans of $70m and €41m provided to Vestel Elektronik Sanayi ve Ticaret. Other clients include Wafra Capital Partners, Telia Company, Blackstone Group and Olmuksan.
Çakmak Attorney Partnership merged with Serap Zuvin Law Offices in April 2018 and has a particular focus on project finance and refinancing matters. It also handles transactional and regulatory matters. The team advises Visa Europe on its transactions and operations in Turkey including tax, corporate, contracts, competition and credit card matters and payment services. Other clients include Western Union, Julius Bär Group and EBRD. Dr Zeynep Çakmak rejoined from GKC Partners (in professional association with White & Case) and now heads the team alongside newly promoted partner Mustafa Durakoğlu. Mesut Çakmak and Cem Çağatay Orak are also recommended.
ASC Law Office
ASC Law Office advises clients such as banks and financial institutions on international transactions, project finance, agreements and contracts. Other areas of expertise include derivatives, risk management and Islamic banking. Levent Yetkil is the key practitioner. Senior associate Ela Sarı is also recommended.
Bener Law Office is adept at handling syndicated loan facilities, debt restructuring and project finance. The team acted for the International Finance Corporation (IFC) in the provision of a $75m loan for the purpose of financing climate mitigation and adaptation investments. EBRD is another key client. Onur Kordel, Gozde Esen Sakar and Bahar Ülgen are the names to note.
CCAO advises clients on project finance, energy and corporate loans, ISDAs and Global Master Repurchase Agreements (GMRAs). Onur Taktak heads the team with support from Halide Çetinkaya Yılmaz, who focuses on banking and finance, capital markets, project finance and M&A. Recent highlights include advising China Development Bank on a $300m loan to be provided to an investment bank. Other clients include Limak Holding, JP Morgan and Akbank.
The banking and finance practice at DURUKAN+PARTNERS advises on secured and unsecured financings, regulatory matters, restructuring and finance. Capital markets expertise includes compliance and operational advice. Clients include KfW IPEX-Bank, IFC, MasterCard and Credit Europe Bank. Practice head Begüm Durukan is 'always available and very professional'.
Gen Temizer Ozer
Gen Temizer Ozer handles acquisition financing, refinancing and project financing for energy projects. Recent highlights included acting for Earlybird on its investment in e-commerce brands in Turkey. Another highlight included representing Pera Capital on the raising of acquisition debt finance for the acquisition of a 35% stake in Bimser. Other key clients include VDF, EBRD, Commerzbank and Eren Holding. Baran Gen and Edmund Emre Özer jointly head the team.
İnal Kama Avukatlık Ortaklığı is adept at handling banking, project and corporate finance. Recent highlights include advising a finance company on the multimillion-dollar financing of the development, construction and operation of a portfolio of unlicensed solar power plants in Turkey. The team also acts for a number of financial institutions. Ekin İnal heads the team.
Pekin & Bayar Law Firm advises clients on domestic and cross-border banking and finance matters including project finance, transactions, securitisations, public offerings and capital market transactions. Recent highlights include representing EMBA Elektrik on the $164m financing of its Hunutlu thermal power project. Other clients include QNB Finans, Yapı ve Kredi Bankası and NatWest Markets. Selin Bayar, Esen Irtem and Fatoş Otcuoğlu jointly head the team.
Pelister Atayilmaz Enkur Law Office advises on contentious and non-contentious banking and finance matters. The team is headed by Kerim Pelister and Emre Keki, who focuses on project finance, energy finance and structured loan transactions. Gökhan Enkür is also recommended. Clients include QNB Finansbank, Şekerbank, Ulusal Faktoring, Merkez Faktoring and RCT Asset Management Company.
TURUNÇ provides transactional finance and regulatory advice. The team continues to advise HSH Nordbank on Turkish banking regulations. It also advises Caffè Nero on all of its financing matters including negotiation of financing arrangements, regulatory advice and compliance work. Borsa Istanbul is another key client. Kerem Turunç and Noyan Turunç head the ‘very knowledgeable’ and ‘highly engaged’ team, which has been bolstered by of counsel Ilgin Eroglu Alyanak, who joined from an in-house role at Garanti Bank.
YBBK Law Firm in Cooperation with CMS
Yalçın Babalıoğlu Boso Attorney Partnership advises domestic and international clients on cross-border banking and finance transactions. Areas of expertise include project finance, infrastructure and hybrid infrastructure finance, acquisition finance, corporate lending and structured trade finance. It acted for a financial institution in relation to a $1bn multi-currency syndicated loan. Döne Yalçın and Burcu Boso head the team.
Cigdemtekin Cakirca Aranci Law Firm provides transactional and regulatory advice and has a particular focus on the payment services industry. Recent highlights include representing Franklin Templeton Investments on the $11.8m acquisition of a minority share in Gözde Girişim. Verifone Elektronik ve Danışmanlık and Panaroma Bilişim are also clients. Tuna Çakırca and Gamze Çiğdemtekin, who displays 'highly valued experience and pragmatism', head the team. Kağan Dora left for Balcıoğlu Selçuk Akman Keki.
Güner Law Office provides advice on syndicated loans, asset finance, project finance, trade finance, Islamic finance and commodities transactions. It is particularly experienced in advising on the financing of greenfield and brownfield mine projects in Turkey. Clients include HSBC Bank France and Limak Afrika. Ece Güner Toprak and Ömer Erdoğan are the key names. Associate Anıl Tıngır left the firm.
IctemLegal handles a range of banking and finance matters including drafting loan documentations, leveraged finance transactions, securitisation deals, debt financing and debt reorganisation, and bankruptcy. Clients include Bank of Bahrain and Kuwait, Dubai Islamic Bank, Orion Global Advisors UK and National Bank of Greece. Serkan Ictem heads the 'efficient and informative' team.
Moroglu Arseven advises banks, financial institutions and corporations on new ventures, foreign investment, securities, venture capital and emerging growth. Other areas of expertise include lending transactions, refinancing and regulatory work. Clients include Vicat, ACT Venture Capital and 212 Capital Partners. Seyfi Moroğlu and Burcu Tuzcu Ersin head the team.