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News December 2024

Sinan Diniz, a leading Turkish competition law expert, joins Kinstellar as Partner in Istanbul

Kinstellar is delighted to announce that Sinan Diniz, a highly regarded competition law expert, has joined our associated law firm in Turkey, KST Law, as a Partner. Sinan was previously the co-head of the Competition practice in Esin Attorney Partnership, a member firm of Baker McKenzie, where he managed one of the leading competition law practices in the country. Sinan has more than 10 years of competition law experience and assists clients with all aspects of Turkish competition law including merger control, antitrust investigations, exemption filings, and daily compliance queries. His expertise extends to administrative and private litigation, designing competition law compliance programs, and delivering bespoke

Insights October 2024

TMT Legal Update

Our TMT Legal Update provides insights from our law experts and aims to keep you regularly up to date with sector news, trends and legislation in the Central and Eastern Europe and Central Asia regions. This issue covers key updates from our jurisdictions from the past few months. REGIONAL Implementation status of certain EU regulations Technology  01. New development regarding NIS 2 Directive implementation in various Kinstellar jurisdictions The EU's NIS2 Directive is a cybersecurity act aimed at improving overall cybersecurity in the EU. Member States must implement it by 17 October 2024. Below we provide

Deals September 2024

Kinstellar and KST Law advise Quexco Incorporated on its acquisition of Mutlu Akü

Kinstellar and KST Law are delighted to have advised Quexco Incorporated, a US-based diversified, private holding company with investments in the lubricants space and a rich history, previously operating in the battery industry, on its acquisition of Mutlu Akü, one of the major auto battery manufacturers in Turkey, and owner of a waste battery recycling facility, from Metair International Holdings Coöperatief U.A. (a member of Metair Group, a South African listed company). The team was led by Partner Emre Özer, supported by Senior Associate Şeyma Olğun, and Associate Sıla Şaylı. Kinstellar worked in close collaboration with Bowmans, as to South African law, throughout the transaction. Completion of the transaction is

Deals September 2024

Kinstellar and KST Law advise Eleven Fund III Cooperatief on its investment in Magfi, Turkey

Kinstellar and KST Law are delighted to have advised Eleven Fund III Cooperatief, a multi-strategy growth fund, on its US$1.1 million in seed investment in Magfi, a SaaS platform based in Istanbul. Magfi enables seamless advertising across Telegram and Discord communities using machine learning and AI. The investment will support Magfi's planned expansion into the Brazilian market. Our team was led by Partner Edmund Emre Özer, with support from Associates Helin Akbulut and Hatice Nur Arslan.

Deals July 2024

Kinstellar and KST Law advise Grupo Antolin on the sale of a stake in the Turkish joint venture Ototrim

Kinstellar and KST Law* are proud to have advised Grupo Antolin, a leading global car interior manufacturer, on the sale of 45% stake in the Turkish joint venture Ototrim to its JV partner Diniz Holding. Following this transaction, Antolin will retain a 5% stake in the joint venture and continue its collaboration with Diniz Holding. The transaction is pending approval from the Turkish Competition Authority. The team was led by Partner Mert Elçin, with support from Associates Sila Özge Sayli and Osman Tugberk Çakirca. *Kinstellar operates in Turkey in cooperation with KST LAW, an Istanbul-based full service corporate law firm. 

News June 2024

Kinstellar ups its game in Turkey. Mert Elçin appointed as Partner. Rebrand of local Turkish law business.

Mert Elçin appointed as Partner. Rebrand of local Turkish law business. June 2024 – Kinstellar has fundamentally strengthened its team in Turkey. Kinstellar is very pleased to announce the appointment of Mert Elçin as Partner and leader of our reinvigorated Turkish law practice.  For compliance with local bar requirements, Turkish law services will be provided by KST Law in cooperation with our foreign attorney partnership in Turkey, Kinstellar Foreign Attorney Partnership, headed by Edmund Emre Özer. Mert and Emre are supported by a dedicated team of lawyers, which we are growing continuously. Mert Elçin, a renowned Turkish-qualified lawyer, brings over a decade of experience in corporate, M&A

Deals November 2023

Kinstellar, Gen Temizer | Özer advise British Petroleum (bp) on the sale of its downstream business in Türkiye

Kinstellar, Gen Temizer | Özer have successfully advised British Petroleum (bp) on the sale of its downstream business in Türkiye to Petrol Ofisi, Vitol’s Turkish subsidiary. The transaction is the most significant oil & gas deal of recent times in Türkiye and is expected to close in 2024, subject to, inter alia, anti-trust approval. The team was led by Partner Baran Gen and supported by Counsel Mert Elçin, Senior Associate Şeyma Olğun and Associates Sıla Özge Şaylı, Dilara Demir and Osman Tuğberk Çakırca. The firm’s anti-trust team was led by Partner Bulut Girgin and Associates Orçun Horozoğlu and Simru Tayfun. The global law firm Ashurst LLP acted as English counsel to bp. Partner

Deals November 2023

Kinstellar, Gen & Temizer | Özer advise Property Finder and Zingat on the sale of 100% of Zingat to hepsiemlak, and on Property Finder’s subsequent share subscription into hepsiemlak

Kinstellar Gen & Temizer | Özer have successfully advised Property Finder and Zingat on the sale of 100% of Zingat to hepsiemlak, and Property Finder’s subsequent share subscription into hepsiemlak. The transaction is expected to close after the approval of the Turkish Competition Authority. Property Finder is the Middle East's largest property portal and was the 100% shareholder of Zingat. Established in 2015, Zingat is one of the largest property portals in Turkey with a wide range of residential and commercial properties listed for rent and sale. Hepsiemlak is one of Turkey's major real estate buying, selling, renting and advertising platforms, under the umbrella of Doğan Holding. The team was

Insights September 2023

Turkey’s Competition Board sets the rules for online sales restrictions

Turkey’s Competition Board (the "Board") rendered two significant decisions last year concerning online sales restrictions that provide a view forward for many undertakings. In its decisions, the Board scrutinised the commitment packages offered by BSH and Arçelik, two of the major small and large household appliances manufacturers in Turkey. The investigations against the companies (the “Investigations”) concerned whether Arçelik and/or BSH violated Article 4 of Law No. 4054 on the Protection of Competition (“Law No. 4054”) by preventing their authorised resellers from selling online and/or interfering with resellers’ resale prices. The Board accepted the commitment packages, which Arçelik and BSH revised

Deals July 2023

Kinstellar advises Yanolja Cloud on its acquisition of a leading B2B travel solution provider

Kinstellar, together with a lead counsel Watson Farley & Williams, have successfully advised Yanolja Cloud, a leading global provider of AI-based SaaS solutions for the hospitality and leisure industries, on the multi-jurisdictional acquisition of Go Global Travel (GGT), a B2B travel technology company that distributes its inventory of more than one million hotels and other travel products from 200 countries to over 20,000 client partners. The acquisition of GGT from AMI Opportunities Fund will give Yanolja Cloud unparalleled distribution capabilities, making it a one-of-a-kind company and allowing properties of all types, sizes, and budget ranges – and in every corner of the world – to digitize property operations.

Deals June 2023

Kinstellar, Gen Temizer Özer advise Gora Family on the sale of 100% of their shares in Murat Ticaret to Volex plc

Kinstellar, Gen Temizer Özer have successfully advised the Gora Family on the sale of 100% of their shares in Murat Ticaret, a Turkish complex wire harness manufacturer, to Volex plc, a UK-listed specialist integrated manufacturer of critical power and data transmission products, for a total consideration of up to approximately EUR 178.1 million, together with a placing and retail offer to raise gross proceeds of approximately GBP 60 million in aggregate. As part of the consideration, the Gora Family will be entitled to receive ordinary shares of Volex plc. The transaction is expected to close in the third quarter of 2023, subject to, inter alia, approval by the Turkish and Macedonian competition authorities. Established

News May 2023

Kinstellar strengthens its team in Turkey with the appointment of Ömer Erdoğan as Partner

Kinstellar is delighted to announce that Ömer Erdoğan has joined the firm’s Istanbul office as Partner. His joining reinforces our team’s capabilities in Turkey—particularly our expertise in the real estate, infrastructure and energy sectors as well as project finance. Ömer has 18 years of experience advising multinational and local companies on their investments in Turkey and abroad. His banking and finance expertise covers a wide range of transactions in Turkey. He has led teams acting for both lenders and sponsors on trade finance, project and acquisition financings, banking regulatory, security documentation, and secured loans and syndications. Ömer’s broad experience also covers the energy