CCAO Law set up in June 2010 and immediately became Kinstellar's affiliate office in Turkey. The firm is most prominent in finance work, but also maintains a corporate capability too, and peers in the market are already sitting up and taking note....
[more]
CCAO Law set up in June 2010 and immediately became Kinstellar's affiliate office in Turkey. The firm is most prominent in finance work, but also maintains a corporate capability too, and peers in the market are already sitting up and taking note.
"I have been impressed by CCAO. They have an ex-Linklaters partner I like [Charles Dunn]," comments one competitor.
On one strong mandate, the firm advised Rabobank on the establishment of $100 million of Turkish-governed security including pledges of movable commodities in December 2010. In 2011, the team also advised a clutch of confidential construction clients on the refinancing of a working capital facility of €130 million in April 2011.
The M&A team did work on a handful of multimillion dollar deals, although the most interesting was perhaps not the biggest, as it advised the founders of Noktacom Medya Internet Hizmetleri Sanayi ve Ticaret on the sale of their sale of a 20% stake in the company. The interesting aspect is the buyer, as it was Intel's venture capital concern Intel Capital Corporation closing its first investment in Turkey.
Like a lot of projects teams, CCAO was involved in a number of mandates pertaining to the energy sector, including acting for a confidential client on a $2 billion deal related to a nuclear power plant in the country. A good real estate deal was also done by the firm as partner Halide Cetinkaya advised Akbank on a $600 million facility to the Zorlu Group by a single Turkish bank for construction of the Zorlu Centre, a significantly large residential and commercial project in Istanbul
[hide]