Leading lawyers Sefika Pekin and Selin Bayar command excellent reputations in the market. Pekin "is a very intelligent lady" says one peer, with "serious charm" according to another....
[more]
Leading lawyers Sefika Pekin and Selin Bayar command excellent reputations in the market. Pekin "is a very intelligent lady" says one peer, with "serious charm" according to another. A different competitor notes that while Bayar "is a very strong lady ... and she does not have that unreasonable streak of ambition that you have in leading lawyers, she is reasonable and balanced".
One client rated the firm top for "reliability: they do not make statements if they are not sure". Sila Yavuz and Hasan Çaglayan also draw high praise from clients.
The firm clinched the biggest ever M&A in Turkey, advising BC Partners and its Turkish affiliate Moonlight Perakendecilik in relation to its $3.25 billion acquisition of a 50.8% stake in Migros Turk. The firm also advised in the related $400 million share purchase on the stock exchange and an $800 million tender offer as part of the deal's financing. Elsewhere in the capital markets, the firm represented Credit Suisse Securities in a $1.7 billion rights issue by Garanti Bank.
In banking, P&B advised Finansbank on a $625 million syndicated facility to Enerji; Fortis Bank on a €526 million syndicated facility to the Istanbul Metropolitan Municipality; and Standard Bank on a $500 million syndicated loan to Zorlu Enerji Elektrik Üretim, among other deals.
On the M&A side, the firm acted for Munir Sahin in its acquisition of 100% of Betasan Bant Sanayi and for Harel Insurance Investments and Financial Services in its acquisition of an 87.7% stake in Turk Nippon Sigorta.
Among a series of large project finance deals, the firm assisted a syndicate of banks on a $1.37 million credit facility to British American Tabacco and The National Bank of Greece in a $75 million facility to Akkur.
[hide]