Esin is a firm very much associated with the corporate side of the market: "Esin is more of an M&A firm than anything else," says one partner, and it is true it is a firm pushing at the top tier in this area.However others in the market are slightly sceptical as to its capital markets capabilities and visibility, which sees the firm in danger of dropping a tier here....
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Esin is a firm very much associated with the corporate side of the market: "Esin is more of an M&A firm than anything else," says one partner, and it is true it is a firm pushing at the top tier in this area.
However others in the market are slightly sceptical as to its capital markets capabilities and visibility, which sees the firm in danger of dropping a tier here. "I have never considered Esin as a capital markets firm at all," remarks one competitor and another agrees: "Esin are not active on IPOs."
"Esin could drop to tier three, as it is just not active," offers another partner.
Despite this view, the firm was not completely dormant in this area and did complete a good debt markets deal this year, advising Yapi Kredi, one of the largest Turkish private banks, on its $700 million bond issue. In M&A the firm, led by Ismail Esin, advised Global Buyout Fund and its subsidiary GB Retail Investments Holding on the $67 million acquisition of a 50.1% stake in Yargici Konfeksiyon, a leading high street textiles company owned by the Yargici Family.
The firm's M&A team did continue its pattern of growth from last year, taking on a handful of associates and a senior associate too.
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