Commercial, corporate and M&A in Turkey

Balcioglu Selçuk Akman Keki

Balcıoğlu Selçuk Akman Keki is well versed in the full range of commercial, corporate and M&A matters including IPOs, joint ventures, private equity, privatisations, risk management, takeovers and tender offers and venture capital. Recent highlights include advising KKR & Co. on the Turkish law aspects of its €6.8bn acquisition of Unilever’s spreads business. Other clients include Pera Capital Partners, Cargill and Coca-Cola. Galip Selçuk heads the team; Selim Keki, Doğan Eymirlioğlu and the 'very diligentMüfit Arapoğlu are also recommended. Selahattin Kaya was promoted to counsel.

Esin Attorney Partnership, Member of Baker & McKenzie International

Esin Attorney Partnership, Member of Baker & McKenzie International is adept at handling public and private M&A deals, private equity, due diligence exercises and documentation review. A recent highlight includes acting as lead counsel to Doğan Şirketler Grubu on the $1.1bn sale of some of its media assets to Demirören. Another highlight was advising DFDS on the acquisition of 98.8% of shares of U.N. Ro-Ro from Actera and Esas for €950m. Other clients include Hitachi and Turkven Private Equity. Eren Kurşun heads the team. Duygu Turgut, who provides 'good commercial acumen and is very pleasant to work with', and Ismail Esin are also key practitioners. Caner Elmas and Duygu Gültekin were promoted to partner. Orçun Solak was promoted to senior associate.

GKC Partners (in professional association with White & Case)

GKC Partners (in professional association with White & Case) advises on domestic and cross-border M&A, equity capital markets and corporate finance deals. Other areas of expertise include structured financing, acquisition financing and debt restructuring. Recent highlights include acting for IFM Investors on its $869m acquisition of a 40% equity interest in Mersin International Port from Akfen. The team also represented Grupo Bimbo in its $650m acquisition of East Balt Bakeries. Other clients include ABB, BBVA, Gazprom and FSN Capital. Emre Özşar, Rozita Nigrin-Borden and Ceylan Kara head the team.

Kolcuoglu Demirkan Koçakli

Kolcuoglu Demirkan Koçakli is ‘a one-stop-shop for all legal requirements’. It advises public and private companies on acquisitions, contract negotiations, corporate governance, compliance, restructuring, mergers and due diligence. The team assisted Equinix with its indirect $93m acquisition of Zenium’s data centre business in Istanbul. Other clients include Hugo Boss, Logo Software and BP. Umut Kolcuoglu, Serhan Kocaklı and newly promoted partner Begüm Inceçam head the ‘experienced and hardworking’ team. Counsel Maral Anna Minasyan and senior associate Bihter Bozbay are also recommended.

Çakmak Attorney Partnership

Çakmak Attorney Partnership merged with Serap Zuvin Law Offices in April 2018, adding Serap Zuvin to the 'very well-organised and experienced' team, which is jointly headed by Naz Bandik Hatipoglu and Dr Zeynep Çakmak, who rejoined from GKC Partners (in professional association with White & Case). It advises on company formations, corporate governance issues, capital structuring, share transfers, cross-border joint ventures and M&A. It notably represented IFM Investors on its $869m purchase of a 40% stake in Mersin International Port from Akfen. Other clients include Rönesans, Akuo Energy and Visa Europe. Mesut Çakmak is another key practitioner alongside Mustafa Durakoğlu, who was promoted to partner.

Akol Law

Akol Law handles acquisitions, minority investments, mergers, spin-offs, joint ventures, business transfers and asset deals. A recent highlight was advising the shareholders of Saide Group on the sale of a minority stake to Marubeni Corporation and establishing a new joint venture. It continues to advise Amazon on its Turkish market entry. Other clients include Dr. Oetker and Global Holding. Meltem Akol heads the team, which has been bolstered by Tugce Tatari joining from White & Case Europe Danışmanlık Hizmetleri Avukatlık Ortaklığı.

Hergüner Bilgen Özeke

Hergüner Bilgen Özeke is adept at handling cross-border transactions involving overseas regulatory bodies. Practice co-head Ümit Hergüner specialises in M&A and corporate law. Kayra Üçer and Senem Denktaş also head the team. It assisted Cardinal Health with the acquisition of Medtronic Medikal Teknoloji's Turkish assets as part of a $6.1bn global deal. Another highlight was advising Securitas on its $28.5m acquisition of Pronet Güvenlik ve Danışmanlık Hizmetleri. Alibaba is another key client.

Moroglu Arseven

Moroglu Arseven is adept at handling cross-border transactions, M&A and also corporate and commercial advisory work. Other areas of expertise include post-merger and post-acquisition advice, contracts, share transfers, due diligence and contentious matters. Clients include Samsung, British American Tobacco, May Agro Seeds, Vicat and Insider. Seyfi Moroğlu, Burcu Tuzcu Ersin and Benan Arseven head the team.


Paksoy handles minority investments, spin-offs, joint ventures and asset deals on the M&A side. It also deals with outsourcing, licensing, distribution, franchise agreements and corporate governance on the commercial side. It assisted Unilever with the €6.8bn sale of its spreads business to KKR & Co. and advised Sberbank of Russia on a share purchase agreement for the $3.2bn sale of Denizbank. Other clients include Linpac, Cisco Systems and The Dow Chemical Company. Elvan Aziz, Stéphanie Beghe Sonmez and Togan Turan head the team. Nihan Bacanak, Selen Terzi Özsoylu and Selin Barlın Aral were promoted to counsel.

Pelister Atayilmaz Enkur Law Office

Pelister Atayilmaz Enkur Law Office's 'very experienced, hardworking and focused' team advises clients on M&A, private equity, joint ventures, insurance, privatisations, corporate restructuring, and banking, finance and energy transactions, with particular experience in regulated industries. It advised Cigna Corporation and Cigna Finans on its $67bn acquisition of Express Scripts. Other clients include Shell, Vera Capital and Zurich Insurance. The 'hands-on and responsiveGökhan Enkür, Emre Atayilmaz, Emre Keki and Kerim Pelister head the team, which has been bolstered by the arrival of Zeynep Şener from DLA Piper Danismanlik Hizmetleri Avukatlik Ortakligi.

Bener Law Office

Bener Law Office combines ‘international know-how with local knowledge and attitude’. It advises on M&A, joint ventures, day-to-day corporate matters and restructurings with a particular focus on the energy and infrastructure sectors. The team advised Emakina Group on the acquisition of a Turkish software company via share transfer. Other clients include Air France-KLM, KPMG and Marks & Spencer. Onur Kordel and Gözde Esen Sakar head the team, which includes senior associate Alara Tankaya.

Bezen & Partners

Bezen & Partners advises an international and domestic client base on its Turkish market entry, M&A transactions, joint ventures and strategic investments. The team advised Limak on its $55m acquisition of shares in Çetin Enerji. Other clients include EBRD, Akkuyu Nükleer, Shanghai Electric Power and Suez. Serdar Bezen, Yeşim Bezen and Murat Soylu, who is ‘reliable, disciplined, honest and responsive’, head the team.

ELIG Gürkaynak Attorneys-at-Law

ELIG Gürkaynak Attorneys-at-Law's ‘solution-oriented’ team advises large international clients on day-to-day commercial matters. Areas of expertise include M&A, general corporate law and contracts law. The ‘hardworking, creative and well-organised’ team is headed by Gönenç Gürkaynak and Nazlı Nil Yukaruç. Clients include L’Oréal Turkey and Ralph Lauren.

Gen Temizer Ozer

Gen Temizer Ozer is adept at handling cross-border transactions, combining both Turkish and English law advice. Areas of expertise include joint ventures and corporate restructurings. A recent highlight was advising acting for Esas in its $75m fundraising for Flybondi. Other clients include Bertelsmann Group and Berggruen Holdings. Edmund Emre Özer and Baran Gen are the names to note.

Goksu Safi Isik Attorney Partnership

The ‘outstanding’ team at Goksu Safi Isik Attorney Partnership advises on various corporate and commercial matters including transactions. It continues to advise the new $22bn IGA Airport on its day-to-day corporate matters. Other clients include North Marmara Motorway Consortium, MT Group, Enerco and RES Company. The ‘dedicated’ team of ‘true professionals’ includes Çiğdem Bal Ilgın, Emre Ulcayli and Ali Göksu.

Pekin & Pekin

Pekin & Pekin provides advice on M&A, joint ventures, spin-offs, corporate restructurings and general corporate matters. It advised Paris Aéroport through its subsidiary Tank ÖWA alpha on the acquisition of all shares held by Akfen Holding in TAV Havalimanlari Holding. The team is jointly headed by Yegân Liaje and Zeynep Şener; the former has a particular focus on transactional and regulatory matters, and the latter advises clients on M&A deals and other corporate law-related matters. Okan Or left for SEOR Law Firm.

Yegin Ciftci Attorney Partnership

Yegin Ciftci Attorney Partnership is adept at handling international M&A transactions, strategic alliances and joint ventures. Other areas of expertise include corporate restructuring, company law, corporate governance and regulatory advice. The team acted as Turkish counsel for Emirates in its $4.4bn acquisition of 99.85% of the share capital of Denizbank. Other clients include Pfizer, Mastercard, IFC and EBRD. Practice head Itır Sevim-Çiftçi is supported by counsel Kemal Aksel.

Çaga & Çaga

Çaga & Çaga advises on shareholder agreements, joint ventures, acquisitions, restructurings and commercial disputes. Key sectors of expertise include real estate and construction, banking and finance, IP, IT, telecoms and transport. İdil Çağa Değerli and Erdem Değerli, who 'reacts quickly to demands and possesses qualified knowledge of issues', are the key practitioners.


CCAO provides advice on M&A deals, due diligence reports and corporate housekeeping services. Key sectors of expertise include financial services, healthcare, energy, FMCG, and real estate and construction. Halide Çetinkaya Yılmaz heads the team.

Cerrahoglu Law Firm

Cerrahoglu Law Firm provides advice on M&A to both public and private companies. Other areas of expertise include contracts, preparation agreements and share purchase agreements. The team continues to represent Nike in relation to its commercial, corporate, labour, marketing, real estate and tax matters in Turkey. Other clients include Hilton and Asda. Ayşegül Yalçınmani and Onur Gülsaran head the team.

Cigdemtekin Cakirca Aranci Law Firm

Cigdemtekin Cakirca Aranci Law Firm handles acquisitions, joint ventures, privatisations, restructurings, demergers and liquidations. Other areas of expertise include drafting and negotiating transaction documents, regulatory advice and due diligence. A recent highlight was advising Franklin Templeton Investments on its $12m acquisition of a minority share in Gözde Girişim. Gamze Çiğdemtekin heads the team with support from Tuna Çakırca. Kağan Dora left for Balcıoğlu Selçuk Akman Keki.

Erdem & Erdem Law Office

Erdem & Erdem Law Office advises on both the buy and sell side of M&A transactions. It is adept at handling inbound and outbound acquisitions, joint ventures, takeovers and restructurings. It assisted Kemin Europa with drafting a share purchase agreement and pursuing closing and post-closing actions in the acquisition of the entire share capital of a Turkey-based textile chemicals company. Other clients include Akfen, BMC Otomotiv and Jagex. Ercüment Erdem and Özgür Kocabaşoğlu head the 'professional, knowledgeable and experienced' team with support from Tuna Çolgar.

Ersoy Bilgehan Lawyers & Consultants

Ersoy Bilgehan Lawyers & Consultants' ‘efficient and service-minded’ team provides advice on commercial and corporate matters including due diligence, negotiation and drafting of preliminary and contractual documents. Other areas of expertise include corporate structuring, corporate documentation, preparation of commercial contracts and day-to-day advice. Clients include Hapag Lloyd, Yingli Green Energy and CD Media. The ‘competent and professional’ team is led by Zihni Bilgehan, Ilknur Peksen, senior associate Leyla Ulucan and newly promoted senior associate Ayşegül Böğrün.

Gün + Partners

Gün + Partners adeptly handles transactional matters including M&A, dispositions, spin-offs and capitalisations. On the commercial side the team has experience in advising on partnership agreements, corporate services including entity formation, governance, restructuring and securities. Key sectors of expertise include life sciences, TMT, insurance, financial services and energy. Pelin Baysal and newly promoted partner Ali Ozan Karaduman head the team. Mehmet Gün is another notable practitioner.

Güner Law Office

Güner Law Office advises domestic and international clients on M&A, joint ventures, financings, advisory matters and corporate transactional matters. Ece Güner Toprak and Burçak Kurt Biçer head the team, which advised Weil, Gotshal & Manges, counsel to General Electric, on the Turkish aspects of GE Water's sale to Suez. Other clients include A&E Networks, Fox Networks Group and Schneider Electric.

Gür Law Firm

Gür Law Firm provides ‘very good response times, sensible and succinct advice and strength in depth’. The team acts for international and domestic clients in corporate transactions, corporate structures, tax planning, M&A, due diligence and the drafting and negotiation of sales contracts. Clients include Hitay Group Companies and Genomed. ‘Very service-minded’ practice head Sena Apak adopts a ‘commercial approach’.

Moral & Partners

Moral & Partners advises on both the buy and sell side of transactions. Areas of expertise include M&A, joint ventures, due diligence and general corporate matters. It acted for the shareholders of a leading fast food chain on the sale of all shares to a leading private equity company active in Turkey. Serkan Pamukkale and Vefa Reşat Moral, who 'thinks outside the box, communicates well and adopts a commercial approach', head the team.

Pekin & Bayar Law Firm

Pekin & Bayar Law Firm provides advice on M&A and corporate and commercial matters such as corporate transactions, private equity investments, privatisations, joint ventures, strategic alliances and IPOs. The team continues to advise Lego Turkey on general corporate matters. Ferhat Pekin, Selin Bayar and Deniz Altınay are the key practitioners.


TURUNÇ is adept at handling transactional work and provides day-to-day general corporate services. Areas of expertise include drafting of agreements, legislative development advice and maintenance of corporate books. Caffè Nero, General Motors, S.C. Johnson and Valeo count among the team's clients. Noyan Turunç, counsel Esin Çamlibel and Kerem Turunç, who is 'hands-on, easily available and manages deals efficiently', head the practice.

ADMD/Mavioglu & Alkan Law Office

The ‘fast, reliable and cost-efficient’ team at ADMD/Mavioglu & Alkan Law Office advises on contracts, structuring of operational procedures, cross-border transactions, compliance requirements for M&A, IPOs, liquidation and insolvency, and restructuring matters. It acted for Amdocs in its $224m acquisition of Vubiquity and assisted Akwel Automotive with several acquisitions and restructuring following its name change from MGI Coutier. The practice has been bolstered by the arrival of Mine Ozarslan Tamusta from A&T Attorneys at Law, who now heads the team alongside Orhan Yavuz Mavioğlu. Atasal ZegulDilara Tamturk and Kardelen Lule are also key practitioners.


ARIKAN | PARTNERS ILC handles M&A, contracts, compliance, due diligence and share purchase agreements. It also advises on day-to-day corporate and commercial matters. The team, headed by Akin Volkan Arikan, has a particular focus on the real estate and construction industry.


DURUKAN+PARTNERS advises on both the buy and sell side of M&A and commercial matters. The team acts for a domestic and international client base in sectors such as retail, tourism, banking, insurance and energy. Begum Durukan Ozaydin and Hikmet Fadillioglu jointly head the team.


Gökçe adeptly handles M&A, joint ventures, private equity and venture capital transactions, and privatisations. The team advised Gram Games and its shareholders on the company’s sale to Zynga for $250m. Other clients include V-Count Technology, Trendbox and Royal Bandits. Görkem Gökçe and Ali Paslı jointly head the team.

Inal Kama Avukatlik Ortakligi

İnal Kama Avukatlık Ortaklığı provides advice on the Turkish aspects of international M&A transactions, joint ventures, strategic partnerships and financing. Clients include automotive and resources sector companies. Ekin İnal is the key practitioner.

Yazici Attorney Partnership

Yazıcı Attorney Partnership provides ‘timely and effective advice’ on drafting and reviewing sales agreements, lease agreements and regulations. Other areas of expertise include day-to-day corporate governance issues, restructuring, M&A and spin-offs. The practice, led by Murat Yazıcı, Elif Karagözoğlu and Güryay Bingöl, has a particular energy-sector focus.