Erdem & Erdem is an esteemed practice led by long-standing and highly active senior partner Ercüment Erdem.
The firm’s capital markets work has been quite flat this year, although it did take an advisory role to Beyaz Filo, a car rental service, as it considered a pioneering bond offering in its sector and was also instructed by the issuer....
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Erdem & Erdem is an esteemed practice led by long-standing and highly active senior partner Ercüment Erdem.
The firm’s capital markets work has been quite flat this year, although it did take an advisory role to Beyaz Filo, a car rental service, as it considered a pioneering bond offering in its sector and was also instructed by the issuer.
It was more the corporate and finance side that really brought the lucrative mandates. A team led by Erdem advised Task-Arbiogaz Dilovasi Atik Su Aritma Tesisi Yapim ve Isletim as it negotiated a loan worth €100 million from the European Bank for Reconstruction and Development (EBRD). Completing just prior to Christmas 2010, the money is earmarked for the construction of a waste water treatment plant.
The firm also acted on an outbound investment for a Turkish entity. On this mandate a team, again featuring Erdem, advised Yildirim Group as it made an investment worth $500 million into to CMA CGM, the third-largest container shipping company in the world. This investment was in the form of convertible bonds that gives Yildirim a 20% stake in the company and it completed in January 2011.
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