CIFTCI Attorney Partnership in association with Clifford Chance > Istanbul, Turkey > Firm Profile

CIFTCI Attorney Partnership in association with Clifford Chance
BÜYÜKDERE CADDESI NO 185
KANYON OFIS BINASI KAT 10, LEVENT
34394 ISTANBUL
Turkey

Turkey > Banking, finance and capital markets Tier 1

CIFTCI Attorney Partnership in association with Clifford Chance, the Turkish arm of Clifford Chance, covers a full range of structured and complex financings, including acquisition finance, Islamic finance, structured finance, infrastructure finance, project finance (domestic and international), debt restructuring, real estate finance, and sovereign lending. The department headed by Sait Eryılmaz is also known for its capabilities handling IPOs and equity matters, and has a particular focus in the infrastructure, healthcare and energy sectors. Senior associate Gökçe Uzun provides additional key support.

Practice head(s):

Sait Eryılmaz

Other key lawyers:

Testimonials

Sait Eryılmaz is our main contact. We have been working with him for more than 5 years. Deep legal knowledge and expertise, also a very decent person. He is a real problem solver, offering best possible solutions in deadlock cases . I can also say that, the counselling and guidance of Sait is outstanding at all times, professional, client focused, prompt, timely and he is always open for calls and meetings when requested, and works through all of the issues and documents on the projects.’

Key clients

Goldman Sachs

Deutsche Bank

Unicredit

BNP Paribas

Citibank

Barclays

ING

Türkiye Wealth Fund

European Fund for Southeast Europe (EFSE)

Industrial and Commercial Bank of China Limited  (ICBC)

JP Morgan

Bank of China

EBRD

IFC

Asian Infrastructure Investment Bank ( AIIB)

Arçelik Global

CVC Capital Partners

TurkExim

Garanti BBVA

Yapı Kredi

Isbank

Alternatifbank

HSBC

Standard Chartered Bank

Dubai Islamic Bank

Emirates NBD

Merrill Lynch

Work highlights

  • Advised Arçelik Global on its green bond issuance, Turkey’s first-ever corporate green bond issuance in international markets.
  • Advised Türkiye Wealth Fund in relation to a EUR1.25 billion refinancing and upsizing facility  made available by 14 banks from countries in Asia, Europe, North America, Middle East.
  • Advised HSBC, Standard Chartered Bank, Dubai Islamic Bank and Emirates NBD as joint lead managers on the Republic of Turkey’s $2.5bn Sukuk issuance.

Turkey > Project finance/projects Tier 1

CIFTCI Attorney Partnership in association with Clifford Chance is described by clients as one of the ‘leading law firms in project finance in Turkey’, and is well known for its activity in this field, mainly in the infrastructure, energy and healthcare sectors. The practice is led by Sait Eryilmaz, a ‘real problem solver’ with a particular expertise in PPP and green and sustainable finance, and has a good track record of handling large-scale transportation project financings, project development and PPP projects. Senior associate Gökçe Uzun is another key asset of the practice.

Practice head(s):

Sait Eryılmaz

Other key lawyers:

Testimonials

CIFTCI Attorney Partnership is one of the leading law firms in project finance in Turkey. They are preferred both by lenders and sponsors.’

Sait Eryılmaz is our main contact. Besides his deep legal knowledge and expertise, he also has a very decent personality. He is a real problem solver, offering the best possible solutions in deadlocked cases. I can also say that Sait’s counsel and guidance is outstanding at all times – professional, client focused, prompt and timely. He is always available for calls and meetings when requested, and works through all of the issues and documents on the projects.’

Key clients

Türkiye Wealth Fund

CVC Capital Partners

Goldman Sachs

Green for Growth Fund & European Fund for Southeast Europe

ICBC Turkey

JP Morgan

Bank of China

TurkExim

Garanti BBVA

Yapı Kredi

Isbank

Citibank

Work highlights

  • Advising FMO on an $82.5m syndicated facility made available to Tiryaki Agro for the financing of its agriculture project.
  • Advising FMO and Proparco on a senior secured syndicated term facility of up to €80m made available to Kılıç Deniz.

Turkey > Commercial, corporate and M&A Tier 2

CIFTCI Attorney Partnership in association with Clifford Chance is well versed in handling cross-border transactions, and has significant experience in the financial services, energy and natural resources, infrastructure, pharmaceuticals, consumer goods and retail industries. Managing partner Itır Sevim-Çiftçi heads the practice, closely supported by counsel, and energy specialist Deniz Göcük, and senior associate Umut Özdoğan. Recent work highlights include advising private equity house Actera Group on the acquisition of minority shares in ISS Turkey.

Practice head(s):

Itır Çiftçi

Other key lawyers:

Key clients

EDF Renouvelables

SAPSP Investments

Pfizer Turkey

CVC Capital Partners Ltd.

Actera Group

China Merchants Expressway Network & Technology Holdings Co. Ltd, China Merchants Union (BVI) Limited, Jiangsu Expressway Company Limited, Zhejiang Expressway Co. Ltd., Anhui Expressway Company Limited and Sichuan Expressway Co.

Türkiye Wealth Fund

European Bank of Reconstruction and Development (EBRD)

Qatar National Bank Q.P.S.C.

Saxo Bank A/S

Cengiz Holding/EtiBakır

Work highlights

  • Advised PSP Investments and EDF Renewables in relation to the sale of their shares in Polat Energy.
  • Advised Türkiye Wealth Fund in relation to the sale of a minority stake in Borsa Istanbul to Qatar Investment Authority.
  • Advised CVC Capital Partners in relation to the acquisition of certain assets of D Marinas B.V from Dogus Holding A.S.

Turkey > Restructuring and insolvency Tier 2

CIFTCI Attorney Partnership in association with Clifford Chance is a popular choice for corporates, private equity investors and international banks. Sait Eryilmaz, promoted to partner in January 2021, heads the practice and is highly adept at finance transactions, with a good track record in restructuring, refinancing and insolvency matters with a specific focus on the energy and infrastructure sectors. Other areas of expertise include finance, regulation, real estate, and derivatives.

Practice head(s):

Sait Eryılma

Key clients

Garanti

BBVA

Yapı Kredi

TurkExim

Isbank

The firm:  Çiftçi Attorney Partnership focuses on infrastructure, energy, corporate/M&A, privatisations, finance and capital markets. The firm advises major domestic and international banks, governmental entities and corporates on their Turkish and international operations. Since 2011, the firm has been working in co-operation with Clifford Chance, giving its clients access to Clifford Chance’s impressive international law capability and global network.

Areas of practice
Banking and finance: The firm offers a market-renowned finance practice acting on many of the ground-breaking deals and introducing new financial products in the Turkish market, advising on a full spectrum of financial products, including asset finance, derivatives and structured finance, Islamic finance, leveraged and acquisition finance, projects and infrastructure finance and real estate finance.

Corporate and M&A: The firm advises local and international strategic and financial investors in their domestic and outbound M&A transactions, focusing on cross-border acquisitions, public and private M&A, management/leveraged buy-outs and asset/business transfers and offering the combination of specialist industry expertise across various sectors from financial services to energy and resources and healthcare.

Energy, infrastructure, project finance and PPPs: The firm has extensive experience in conventional power, renewables, oil/gas/mining, ports/airports, bridges, roads, hospitals and telecommunications. In line with the firm’s in-depth knowledge and experience of the regulatory framework, Çiftçi Attorney Partnership plays a major role advising lenders in healthcare PPP projects and on energy and infrastructure M&A transactions. The firm is unique in its ability to understand the needs of lenders, other financiers (including conventional term facility lenders, financiers in bond markets as well as funds and Islamic investors), sponsors (including Turkish and international developers and investors) and public authorities.

Capital markets: The firm covers the whole spectrum of capital markets work including debt and equity transactions, structured debt, high yield and advises major market participants including leading financial institutions, corporates and the Turkish government.

Islamic finance:  The firm has been involved in Islamic financing techniques and Islamic product development and is also highly regarded for its Islamic finance practice. Çiftçi Attorney Partnership helps deliver financing solutions for both investors and issuers/borrowers and advises on a wide range of Islamic financial services and products including capital markets, project and infrastructure finance, acquisition and leveraged finance, asset finance, structured products and derivatives and real estate finance.

Private equity: Çiftçi Attorney Partnership has extensive experience in representing both domestic and international private equity firms in their investments in Turkey in a variety of sectors, advising on cross-border transactions covering a variety of investment strategies, including buyouts and growth capital transactions, real estate private equity and investment, spin-outs and portfolio acquisitions and divestitures.

Real estate:  The firm advises on the full range of real estate-related transactions covering the entire property ‘life cycle’ from the initial acquisition, development, joint venturing and financing through to the final exit.

Consumer goods and retail:  The firm offers a full service to CG&R companies ranging from strategic acquisitions, disposals and financings to brand management and commercial agreements.

Telecommunications, media and technology: The firm has an in-depth understanding of the TMT sector, providing transactional and regulatory advice in connection with mergers and acquisitions, compliance, antitrust and competition, financing and capital markets.

DepartmentNameEmailTelephone
Banking and finance Sait Eryılmaz - Gökçe Uzun
Corporate/M&A Itir Çiftçi - Deniz Göcük
Capital markets Itır Çiftçi - Sait Eryılmaz
Energy and infrastructure Itir Çiftçi - Sait Eryılmaz - Gökçe Uzun
Energy Deniz Göcük - Irem Su
Islamic finance Sait Eryilmaz
Project finance/PPPs Sait Eryilmaz - Gökçe Uzun
Privatisations Itir Çiftçi
Private equity Itir Çiftçi - Deniz Göcük
Real estate Itir Çiftçi - Sait Eryılmaz
Restructuring & Insolvency Sait Eryılmaz
PhotoNamePositionProfile
Itır Çiftçi photoMrs Itır ÇiftçiItır Çiftçi heads the Corporate/M&A practice of the firm. She is specialised…
Sait Eryılmaz photoMr Sait EryılmazPartner, Banking & Finance 
Deniz Göcük photoMrs Deniz GöcükSenior Associate
Umut Özdoğan photoMr Umut ÖzdoğanSenior Associate
Number of lawyers : 20+
English
Turkish
In co-operation with Clifford Chance
Contacts : Itir Çiftçi (itir.ciftci@ciftcilaw.com.tr)
Contacts : Sait Eryılmaz (sait.eryilmaz@ciftcilaw.com.tr)