GKC Partners (in professional association with White & Case) > Istanbul, Turkey > Firm Profile

GKC Partners (in professional association with White & Case)
Büyükdere Caddesi, No: 175, Kat: 10
34394 Esentepe, Istanbul
Turkey

Turkey > Banking, finance and capital markets Tier 1

GKC Partners (in professional association with White & Case) is lauded for its ability to ‘solve problems proactively’, while its wider international footprint is also a significant differentiator. Combining standalone offerings in both capital markets and banking and finance, the firm has been particularly active of late in restructurings as well as financings involving the infrastructure, energy and real estate sectors. Güniz Gökçe spearheads the banking and finance practice and leads on the department’s flagship transactions, where she represents lenders, including multilaterals, and corporate borrowers on a range of domestic and cross-border financings. Derin Altan fronts the capital markets group and handles both debt and equity offerings for a mix of issuers and underwriters. Other key names include increasingly prominent finance specialist Ateş Turnaoğlu and structured finance partner Gökçe Uluç.

Practice head(s):

Güniz Gökçe; Derin Altan

Other key lawyers:

Testimonials

‘The team is always available and guides us through various complicated commercial discussions. It also has a great network to solve problems proactively. Lawyers understand the key points and guide us through legal discussions with lenders and their counsel.’

‘Ateş Turnaoğlu has strong business acumen and explains legal reasoning in an exceptional manner. He also provides business insight that is very valuable for our commercial discussions. He follows up the open points to resolve problems.’

‘Kaan Alkan is an exceptional associate who translates our strategy/comments into the legal framework and follows and guides us if there are any commercial discrepancies. He is also very fast on formulating legal documents that are agreeable to both parties.’

‘We value its specialised expertise. Partners excel in delivering legal services across banking, finance, and capital markets, addressing the intricate needs of their clients. The team sets the standard with its unparalleled expertise, innovative solutions, and commitment to client satisfaction, diversity, etc.’

‘Ateş Turnaoğlu demonstrates extensive knowledge and proficiency in banking and finance law, handling complex transactions, regulatory compliance issues, and financial disputes with unparalleled acumen. His keen understanding of both domestic and international financial regulations sets him apart.’

‘We highlight the team for its fair pricing, the quality of the junior squad and the behaviour of its partners.’

‘The team is very responsive at almost every stage of our deals. Moreover, considering our endless questions, it does not choose to charge additional payment. Partners are well equipped and seasoned lawyers.’

Key clients

European Bank for Reconstruction and Development (EBRD)

International Finance Corporation (IFC)

Asian Infrastructure Investment Bank (AIIB)

Türkiye Garanti Bankası (Garanti BBVA)

Türkiye Vakıflar Bankası TAO

Akbank

Borusan EnBW Enerji Yatırımları ve Üretim

Denizbank

T.C. Ziraat Bankası

Work highlights

  • Represented Borusan EnBW Enerji in the $600m financing of its renewable energy portfolio; the loan will also facilitate a corporate reorganisation.
  • Represented EBRD on a convertible loan of up to €75m to Rönesans Sağlık Yatırım to finance capital expenditures of its hospital infrastructure investments, including completing the newly acquired hospital project, Gaziantep Healthcare PPP.
  • Represented IFC on a proposed investment in Arçelik, which consisted of an unsecured dual-tranche corporate loan of up to €150m.

Turkey > Commercial, corporate and M&A Tier 1

GKC Partners (in professional association with White & Case) remains a key leader in the practice space, harnessing the bench strength of its team to advise major insurers, financial institutions and domestic and multinational corporates involved in high-value, cross-border transactions, across such sectors energy, gaming, real estate, healthcare, logistics and luxury goods. The practice is led by Emre Özşar, an expert in complex M&A and joint ventures, in addition to being a seasoned litigator. Other key figures include insurance industry specialist Can Tolga Tezel, who was promoted to partner in January 2024; experienced senior associate Aslı Gülüm, who brings skill to both transactional and everyday corporate matters; and associates Gökçen Durgut, who provides key support on M&A and restructurings, and Emrehan Mermer, who handles corporate contractual arrangements, including share purchase agreements.

Practice head(s):

Emre Özşar

Testimonials

‘The team led by Emre Özşar has been our “go to” team in Türkiye for all types of M&A transactions and in fact we have worked with them almost on an exclusive basis. They are very well experienced and have a great know-how. They are very hard-working and it’s always easy to reach out to them. They have the most talented associates and Emre Özşar is the best M&A lawyer in town.’ 

‘I would mention Gokcen Durgut,  a senior associate who stands out with her legal knowledge and commercial approach.’ 

‘The strengths of this team are their availability, flexibility and industry knowledge.’

‘Emre Özşar is a pleasure to work with and absolute gem to watch in negotiations, with a modest style but still ending up getting everything the client needs and wants. Aslı Gülüm makes the client feel that she is accompanying the client every step of the project with full capability.’

‘Emre Ozsar who heads the Turkish M&A team is a very capable lawyer who truly deserves the praises. Thanks to his solution-oriented approach, very effective negotiation skills and experience we were able to navigate through complex issues during the transaction. The other team members consisting of Aslı Gulum, Gokcen Durgut and Emrehan Mermer have also showed an outstanding performance in our transaction and overall, there was a great team work.

‘Emre Özsar, the head of the M&A practice of GKC in Istanbul, is a very talented, smart and strong negotiator and at all times keeps the strings together.’

Key clients

TotalEnergies Renewables

Kalyon İnşaat Sanayi ve Ticaret A.Ş.

Enerjisa Enerji Üretim A.Ş.

Wren House Infrastructure Limited Partnership

Hanwha Q Cells Güneş Enerjisi A.Ş.

Rollic Games Oyun Yazılım ve Pazarlama A.Ş.

Fingen S.p.A.

MidEuropa III Management Limited

International Finance Corporation (IFC)

Firmenich International S.A.

Work highlights

  • Represented TotalEnergies Renewables in its acquisition of the shares representing 50% of the share capital of Rönesans Enerji Üretim ve Ticaret A.Ş.
  • Represented Wren House in its acquisition of the shares representing 12.34% of the share capital of Zorlu Enerji Elektrik Üretim A.Ş. from Zorlu Holding.
  • Represented MidEuropa in its sale of the shares representing 90% of the share capital of Özel Kent Sağlık Hizmetleri ve Malzemeleri Sanayi Ticaret A.Ş., to Acıbadem Sağlık Hizmetleri ve Ticaret A.Ş.

Turkey > Foreign firms Tier 1

GKC Partners (in professional association with White & Case) is home to a strong banking and project finance team that regularly acts for large international banks. The team possesses in-depth experience in handling high-value transactions within the energy and infrastructure industries. Other areas of expertise for the firm include competition law, dispute resolution, and restructuring and insolvency.  Sebastian Buss is known for his extensive expertise in project finance and private-public partnerships within the healthcare sector.

Practice head(s):

Sebastian Buss

Other key lawyers:

Guniz Gokce

Testimonials

‘White & Case together with GKC Partners offer seamless service of quality in the Turkish market. They are hands on and available.’

‘Sebastian Buss is very involved. He is very careful and his input on drafting is appreciated.”

‘Guniz Gokce is always available, commercial and swift. The new generation of partners is also excellent.’

 

Key clients

IFC

EBRD

AIIB

SASA Polyester Sanayi A.Ş.

Güriş İnşaat A.Ş.

Enerjisa Enerji Üretim A.Ş.

Akbank T.A.Ş.

T.C. Ziraat Bankası A.Ş.

Türkiye Vakıflar Bankası T.A.O.

Türkiye Sınai Kalkınma Bankası A.Ş.

Borusan EnBW Enerji Yatırımları ve Üretim A.Ş.

Work highlights

  • Represented IFC, EBRD and AIIB in connection with their accession to the existing financing of the Antalya Airport and related amendment of the financing documentation.
  • Represented Borusan EnBW Enerji in the USD 600m financing for Borusan EnBW’s renewable energy portfolio.
  • Advised EnerjiSA Üretim on the USD 102m Export Credit Agency (ECA)-backed commercial green financing provided by HSBC Group for the development of Erciyes wind power plant and solar hybrid power plants.

Turkey > Restructuring and insolvency Tier 1

A popular choice for large-scale or cross-border restructurings, GKC Partners (in professional association with White & Case)’s group is particularly dominant in energy and project-related matters. In a recent example of its practice sweet spot, the team advised the lenders (Garanti BBVA, Ziraat Bank, Yapı Kredi Bank, İş Bank, Vakıfbank and Halkbank) on the restructuring of Kangal Thermal Power Plant’s debts. The Kangal work was led jointly by Güniz Gökçe, who heads the banking and finance practice, and Ateş Turnaoğlu, who possesses an ‘extraordinary ability to understand the client’s needs’.

Practice head(s):

Güniz Gökçe; Ateş Turnaoğlu

Other key lawyers:

Aybike İplikçi; Sertaç Yüksel

Testimonials

‘Exceptionally forward-thinking, proactive, and committed to delivering comprehensive services. The team consistently grasps the structure of your vision and delivers precisely what you require.’

‘Its attention to detail and dedication to producing high-quality results are characteristics of the team. Lawyers’ dedication makes the deal easier.’

‘Ateş Turnaoğlu consistently demonstrates an exceptional work ethic, boasts an outstanding command of pertinent laws and regulations, and possesses an extraordinary ability to understand the client’s needs and constraints. His dedication, along with that of his team, significantly eases the entire process.’

‘Aybike İplikçi is not only approachable and highly responsive but also impressively knowledgeable.’

‘Ateş Turnaoğlu and Sertaç Yüksel from GKC Partners are extremely caring and excellent choices for collaboration.’

‘Recently we have started to work with the firm for restructuring and insolvency matters. The team’s responsiveness is amazing. Lawyers always collaborate with us to find the best approach with the authorities based on their relationships with them. The service they provide is top tier.’

‘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 really good at seeing the bottom line and he almost always finds a way to get to the point.’

Key clients

Garanti Bankası (Garanti BBVA)

T.C. Ziraat Bankası

Yapı ve Kredi Bankası

Türkiye İş Bankası

Türkiye Vakıflar Bankası TAO

ICBC Türkiye Bank

Türkiye Halk Bankası

Ziraat Katılım Bankası

HSBC Türkiye

Work highlights

  • Representing Garanti BBVA, Ziraat Bank, Yapı Kredi Bank, İş Bank, Vakıfbank and Halkbank, as the lenders led by Ziraat Bankası, on the restructuring of the debts of Kangal Thermal Power Plant under the financial restructuring programme.
  • Advising the lenders on the financial restructuring of Konya Şeker and Panagro Tarım Hayvancilik Gıda.
  • Representing ICBC Türkiye and ICBC Dubai on the refinancing of Optimum Ankara Shopping Mall to be made available to Kurtköy Gayrimenkul Yatırım İnsaat Turizm.

Turkey > Project finance/projects Tier 2

GKC Partners (in professional association with White & Case)’s projects group impresses sources with its ability to provide ‘great commercial contributions’. Striking a balance between lender and sponsor-side mandates, the team’s recent experience spans the transportation, healthcare, and energy and natural resources sectors. Managing partner Güniz Gökçe anchors the practice and is noted for her particular expertise in cross-border financings. The group also includes up-and-coming projects specialist Ateş Turnaoğlu, banking and finance partner Gökçe Uluç and senior associate Baran Abur.

Practice head(s):

Güniz Gökçe; Ateş Turnaoğlu

Other key lawyers:

Gökçe Uluç; Baran Abur; Aybike İplikçi; Kaan Alkan

Testimonials

‘The team is comprised of very experienced and dedicated individuals. Lawyers are easy to reach and very very punctual, even for complex issues. With its experience in many other transactions, the team not only provides legal assistance to the projects but also makes great commercial contributions.’

‘All of the members of the team are excellent. Very experienced, easy to communicate with, dedicated and oriented towards problem-solving.’

‘GKC Partners can cover both international and local counsel roles in a single project, which makes the process smooth and efficient for clients and shortens delivery time in most cases. It has the capability to address the needs of many clients in a single deal and prepares exceptional-quality work.’

‘I have had the opportunity to work with Güniz Gökçe and Gökçe Uluç and they are all very competent lawyers, who drive the project development and financing process with exceptional stakeholder management tact and skills.’

‘The team is well experienced, highly responsive and service-focused. It has impressive legal expertise and the ability to assess complex issues and translate them into practical solutions, as well as an open-minded spirit, a problem-solving attitude and loyalty.’

‘As individuals, their ability to understand and address the issues helps significantly throughout the processes. It is always easy to reach out and communicate our messages.’

‘GKC Partners’ ability to run deals, its thorough approach in leading clients and ability to problem solve in a timely manner deserve respect. The team consists of highly capable individuals who are well-educated and competent in their areas. I personally have never had an unanswered question in my liaisons with GKC.’

‘Ateş Turnaoğlu and Kaan Alkan have been exceptional business partners. Ateş is very intelligent and resourceful. He helps with every complicated problem, offers solutions and leads the process whenever needed. Kaan is very disciplined and well educated.’

Key clients

SASA Polyester Sanayi

Güriş İnşaat

Enerjisa Enerji Üretim

Deutsche Bank

Akbank TAŞ

T.C. Ziraat Bankası

IFC

EBRD

AIIB

Borusan EnBW Enerji Yatırımları ve Üretim

Türkiye Sınai Kalkınma Bankası (TSKB)

Work highlights

  • Represented Enerjisa Üretim on the $102m Export Credit Agency-backed commercial green financing provided by HSBC Group for the development of the Erciyes wind power plant and solar hybrid power plants.
  • Advised SASA Polyester on a €583m CESCE-supported facility provided by a consortium of lenders, led by JP Morgan, for the financing of a petrochemical plant in Adana, Turkey.
  • Represented Güriş İnşaat on the development of the Kütahya Hospital PPP, where financing was provided by ICBC, IŞ Bank, TSKB and Ziraat Bank.

Turkey > Competition Tier 3

The competition law practice at GKC Partners (in professional association with White & Case) advises a robust base of domestic and multinational insurers, financial institutions and corporates (including Goldman Sachs and Allianz) on competiton law compliance matters and merger control filings. The team’s client roster spans such sectors as energy, fintech, pharmaceuticals, e-commerce, consumer goods, retail and manufacturing. Associate Esma Aktaş represents local and international clients during investigations and before the Competition Authority. Former department head Sezin Elçin Cengiz departed in August 2023.

Other key lawyers:

Key clients

TotalEnergies Renewables

Goldman Sachs International

Eliptik Yazılım ve Ticaret A.Ş.

E.ON SE

Garanti BBVA

Allianz Sigorta A.Ş.

Work highlights

  • Represented TotalEnergies Renewables in connection with the merger control aspects and related filings to the Competition Authority in Turkey with respect to its acquisition of the shares representing 50% of the share capital of Rönesans Enerji Üretim ve Ticaret.
  • Advised Abdi İbrahim in responding to RFIs by the Turkish Competition Authority within the scope of an ongoing sector inquiry into pharmaceuticals sector.

Turkey > Energy Tier 3

GKC Partners (in professional association with White & Case) is highly experienced at advising sponsors, lenders, and project developers within the renewable energy sector, on wind, solar, and biomass power plant projects. The team, which is co-led by Güniz Gökçe and Ateş Turnaoğlu, regularly handles matters related to project financing and refinancing, negotiations, and acquisitions. Can Argon is key name of note who regularly assists clients with high-value transactions within the energy sector.

Practice head(s):

Güniz Gökçe; Ateş Turnaoğlu

Other key lawyers:

Testimonials

‘The firm has a proven efficiency in energy, corporate issues, and infrastructure project and acquisitions. GKC consistently provides high quality service. Their professional conduct is highly standardized and in high quality in terms of response times.’

‘They have a highly experienced project and acquisition teams backed with subject-matter experts, responsivity and a client-centric management system.’

‘The team was very dedicated with a high level of professional quality, knowledge, and readiness to help any time. We always get quick, clear and qualified responses to our requests.’

‘Ateş Turnaoğlu stands out as a brilliant legal advisor.

‘GKC Partners deliver exceptional legal work, which is always delivered on time.’

‘The team led by Mr. Turnaoğlu is exceptional as always.’

Key clients

European Bank for Reconstruction and Development

Türkiye İş Bankası A.Ş.

Türkiye Sınai Kalkınma Bankası

Türkiye Garanti Bankası A.Ş.

Enerjisa Enerji Üretim A.Ş.

Work highlights

  • Represented the consortium of lenders consisting of EBRD, İş Bank, Türkiye Sınai Kalkınma Bankası and Garanti BBVA on USD 285 m financing extension to Adnan Polat Enerji Yatırımı A.Ş.
  • Represented Enerjisa Enerji Üretim A.Ş. on its USD 110 m financing from the European Bank for Reconstruction and Development to support the expansion of Enerjisa Üretim’s wind power portfolio.
  • Represented Enerjisa Enerji Üretim A.Ş. on its US$1.2 bn investment for the realisation of the YEKA-2 Wind Power Plant Projects, which will be carried out in four provinces in Türkiye.

Turkey > Dispute resolution

GKC Partners (in professional association with White & Case) is increasingly utilising the wider firm’s strong relationships with multinational clients, particularly in the banking and finance sphere, to increase its presence in cross-border disputes.

GKC PARTNERS is a full-service law firm established in Istanbul, Turkey.

White & Case works with GKC Partners in professional association on matters of Turkish law.

For further information please visit gkcpartners.com