Foreign firms in Turkey

GKC Partners (in professional association with White & Case)

GKC Partners (in professional association with White & Case) is an established firm in Turkey with a full service offering across multiple practice areas such as M&A, project finance, disputes, capital markets and tax. The firm’s client portfolio includes financial institutions, wealth funds and manufacturing companies. Sebastian Buss leads the practice and brings a wealth of experience in the bank finance and project finance areas. Recent highlights include representing the lenders, led by Deutsche Bank, in the financing of EUR 1.225 billion.

Practice head(s):

Sebastian Buss


Key clients

Fernas Otoyol İşletmesi A.Ş.


Deutsche Bank


DenizBank


Grupo BBVA


FMO


EBRD


Yapi Kredi


International Finance Corporation (IFC)


Akbank T.A.Ş.


TEB


Ziraat Bankası


VakıfBank


Kommunalkredit Austria AG


QNB Finansbank


ICBC Turkey Bank A.Ş.


Goldman Sachs International Bank


UniCredit S.p.A


SoftBank Vision Fund LP


Work highlights


  • Acted as English law counsel to Fernas İnşaat A.Ş. in a EUR 770 million financing for the construction of Aydın-Denizli Motorway in accordance with the built-operate-transfer model.
  • Represented the lenders led by Deutsche Bank in the financing of EUR 1.225 billion for the payment of the upfront lease payment under the new tender to the General Directorate of State Airports Authority (DHMI) for Antalya Airport.
  • Advised Banco Bilbao Vizcaya Argentaria, S.A. on its €2.25 billion voluntary takeover bid for the 50.15% stake it does not own in T. Garanti Bankası A.Ş.

Allen & Overy LLP

Allen & Overy LLP provides legal services to international and local corporates, banks, financial institutions, investment funds, bondholders and government bodies. The team has expertise in banking and finance matters with experience in debt restructurings, commodity finance and real estate finance. The practice is also well-versed in M&A and competition issues. Adam Fadian heads the team and has extensive experience in emerging markets, regularly advising clients on financing transactions.

Practice head(s):

Adam Fadian


Key clients

Koc Holding A.S.


Standard Chartered Bank


Bank of America Merrill Lynch


MUFG Securities EMEA plc


Yapi ve Kredi Bankasi A.S.


The European Bank for Reconstruction and Development (EBRD)


Garanti Bank


The International Finance Corporation (IFC)


VTB Bank (PJSC)


Metinvest B.V.


Arçelik A.S.


ICBC Turkey Yatırım Menkul Değerler A.Ş


Aygaz A.S.


Credit Europe Bank N.V.


UniCredit Bank AG


BNY Mellon


Trans Adriatic Pipeline AG


Turkiye Is Bankasi A.S.


Google


A101


JP Morgan Securities Plc


 


Work highlights


  • Acted for ICBC in connection with a USD 50 million green bilateral credit facility for Yapi Kredi.
  • Advised a financial institution in connection with the financing of the construction of a High Speed Train Project.
  • Advised Drake & Scull International in connection with its US$1.4bn debt restructuring.

Dentons

Dentons’s affiliated firm Balcioglu Selçuk Ardiyok Keki provides legal assistance to clients from conventional and renewable power companies to foreign investors, financial institutions and transport companies. The practice has strong M&A capabilities providing advice on every aspect of transactions including due diligence, tax structuring, employment issues and negotiation of SPAs. Tamsyn Mileham has expertise in banking and finance, acting for commercial banks, private equity investors and corporate borrowers; she co-heads the team with infrastructure expert Ian McGrath and Nadia Cansun who focuses on cross-border transactions.

Practice head(s):

Ian McGrath; Nadia Cansun; Tamsyn Mileham


Testimonials

‘Team is dedicated and reachable on demand. High level quality is provided along with some commercial point of view advice.’

 

Key clients

IC İçtaş


Rönesans


Karadeniz Holding/Karpowership


EBRD


Aksa Energy


Green for Growth Fund


Akfen


IFC


ICBC


SK Ecoplant


International Fund for Agricultural Development (IFAD)


Work highlights


  • Advised Karadeniz Holding on USD 250Mn refinancing of its power ship projects in Ghana, and on its new facilities for projects in Rio de Janeiro, Brazil.
  • Advised EBRD on its first true green financing following LMA Green Principles with a EUR 150 million loan to Arçelik A.Ş to invest in R&D and production activities.
  • Advised EBRD on their largest loan to the Turkish market in 2021, under a EUR 650m A/B loan to Ford Otosan.

Gide Loyrette Nouel A.A.R.P.I.

Gide Loyrette Nouel A.A.R.P.I. is recognised by international investors as a leading firm in Turkey with experience across multiple areas of the law. The practice is well-versed in compliance, IP, dispute resolution, employment and insurance matters and has strong cross-border capabilities with tax and international arbitration work, in addition to inbound and outbound investments. The firm is jointly led with Bülent Özdirekcan, Arpat Şenocak, Ali Osman Ak and Esra Dündar Loiseau  doing restructuring, regulatory, employment and IP work respectively.

Practice head(s):

Bülent Ozdirekcan; Arpat Şenocak; Ali Osman Ak; Esra Dündar Loiseau


Key clients

Agence Française de Développement


Ak Gıda (Turkish affiliate of Lactalis Group


Akdeniz Turistik Tesisler A.Ş.


ALD Automotive Turkey


ALD International


Air Liquide


Alchem Europe


Allflex


Algontech


Allianz Hayat ve Emeklilik A.Ş.


Altilis


AXA Hayat ve Emeklilik A.S.


AXA Sigorta


Believe Digital


Bel Karper Gıda Sanayi A.Ş.


Bereket Tekaful


BNP Paribas Cardif Hayat Sigorta A.S.


BNP Paribas Cardif Sigorta A.S


BNP Paribas Cardif Emeklilik A.S.


BNP Paribas SA


Bo-Er


BPF Acentelik ve Aracilik Hizmetleri A.S.


BTA Havalimanları


Carel Industries


Ca Technologies Yazılım ve Bilişim Hizmetleri Limited Şirketi


Cepas Galvaniz Demir Celik Madencilik Insaat Nakliye Ticaret ve Sanayi A.S


Christian Dior


Clarins


Club Méditerranée SA


Colina


Crédit Agricole Ukraine


Deka


Eker Süt Ürünleri Gıda San. Tic. A.S.


Electronics for Imaging (EFI)


Enova


Euler Hermes Sigorta A.S.


Euler Hermes (Italy)


Euralis


Ficosa


Flovel


Gaptek


GCL Factoring France


Global Enerji


Gestamp North Europe Services S.L.


Groupama Sigorta A.S.


Groupama Emeklilik A.S.


Groupama Assurances Mutuelles


Group Atlantic


Helvetia Swiss Insurance Company Limited


H & M


Hypernet


Jardine Lloyd Thompson Group plc


Joom


JUUL LABS INC.


Koop Hub


KYU (Hakuhodo DY Holding)


Lactalis Group


LANCOME PARFUMS BEAUTE & CIE


Levi Strauss Co


Lombard Odier


Loyens & Loeff


LVMH


Maisto E Associeti


MDS AP Tech Yazılım Ürünleri ve Bilişim Hizmetleri Ticaret Ltd. Şti.


Midis Group


NN Hayat ve Emeklilik A.S.


Novacel


OYAK Renault


Orange Sigorta Aracılık Hizmetleri A.S.


Renault


PJSC Rosbank


Reinsurance Group of America


Saint Gobain


Schindler


SG Hambros


Skandinavska Enskilda Banken


Société Générale Milano


Sojern INC.


Şen-Er Boya Kimya


Sodrugestvo


Schindler


Steelcase SAS


Supedry – DKH Retail Limited


Taiyuan Iron & Steel (Group) Company Limited


TEB Portföy


Thermo Fisher Scientific


Türkiye Hayat ve Emeklilik A.S.


Türkiye Katılım Hayat A.Ş.


Türkiye Katılım Sigorta A.Ş.


Türkiye Sigorta A.S.


Türkiye Wealth Fund


Union Bancaire Privée


Vilmorin


Volvo Group Otomotiv Tic. Ltd. Şti


Volvo Trucks AB


Zeplin


Work highlights


  • Advised Allianz SE in relation to Turkish law implications of a group restructuring performed abroad.
  • Advised Schindler on the acquisition of 100% of Om Elektrik Makine Sanayi (Omsan) shares.
  • Advised Adidas relating to restructuring and implementation of its membership (loyalty) program in both website and adidas’ application platforms.y.

Norton Rose Fulbright

Norton Rose Fulbright is well-versed in a range of corporate transactional and finance matters, including M&A, data privacy, anti-corruption, compliance, capital markets and Islamic finance. Ayşe Yüksel Mahfoud leads the team and has extensive experience in private equity investments, corporate governance issues and capital markets.

Practice head(s):

Ayşe Yüksel Mahfoud


Testimonials

‘This is a team that has access to a great global network. It’s a one-shop team that can render multi-jurisdictional advice. It has a lot of technological innovations that they offer to their clients which becomes a very important tool in our lives. The team is excellent to make a collaboration with. They know the market and offer unique solutions to problems.’

‘Ayse Yüksel Mahfoud is an excellent lawyer and is a global leader. She knows the Turkish market as well as the US and UK markets. She is capable of understanding the client’s needs and is very strategically innovative. The team at Norton Rose Fulbright is different than other foreign firms that we work with such that we can work as one team which makes easy vis-a-vis our own clients.’

Key clients

Stage Capital


Actera Group


Teknasyon Yazılım


Zero Density


Ethemba Capital LLC


International Finance Corporation


European Bank of Restructuring and Development


Yapı Kredi Bank


Akbank


İşBank


ING Bank N:V.


Credit Europe Bank NV


Credit Europe Bank (Russia) Ltd


Fibabanka


Export Development Bank of Canada


DVB Bank SE


Citigroup Global Markets Limited


Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden N.V. (FMO)


Brookfield


SITA


Koç Holding


DowAksa Ileri Kompozit Malzemeler San. Ltd. Sti.


ING-DiBa AG


Arçelik A.Ş.


Tüpraş


TPAY Mobile FZ-LLC


Turkish Airlines


I-Pulse Oil & Gas LLC


SOCAR Turkey


Cronus Chemicals


Avesorol


InterGlobe Aviation Limited


Bausch Health Company


Amaniki


Work highlights


  • Advised the shareholders of Birgi Mefar Group on the sale of 100% of its shares to Abu Dhabi investment and holding company ADQ.
  • Advised on the negotiation and execution of a US$ 100 million sustainability-linked loan facility and related security agreements executed with Türkiye İş Bankası A.Ş., Türkiye Sınai Kalkınma Bankası, and QNB Finansbank A.Ş.
  • Advised Arçelik in connection with the €78.3 million acquisition of Whirlpool Beyaz Eşya Sanayi ve Ticaret A.Ş., Whirlpool’s wholly owned subsidiary in Turkey.