Kolcuoglu & Demirkan has emerged from its rebranding, continuing its strategy to grow in finance while still maintaining a strong corporate presence.They have succeeded in some ways, as partner Umut Kolcuoglu advised Wittur Turkey and its German counterpart on a €175 million multi-currency revolving credit facility from UniCredit in Luxembourg in March 2011....
[more]
Kolcuoglu & Demirkan has emerged from its rebranding, continuing its strategy to grow in finance while still maintaining a strong corporate presence.
They have succeeded in some ways, as partner Umut Kolcuoglu advised Wittur Turkey and its German counterpart on a €175 million multi-currency revolving credit facility from UniCredit in Luxembourg in March 2011.
The firm also broke into energy financing, with partner Okan Demirkan heading a team advising BP, on behalf of the Shah Deniz Consortium, a group that includes Total, Statoil and Socar, with regard to a major natural gas sale and distribution deal. The project entails the transit of gas from Azerbaijan and through Turkey on to Europe using the existing network, an important aspect of the project, which hopes to make Turkey a transit hub.
It is M&A where Kolcuoglu & Demirkan is really strong, with smart mandates coming its way over the past 12 months. A notable deal is Umut Kolcuoglu's and Serhan Koçaklı's advising of the Sancak Group on its $50 million acquisition of Palmed Saglik Hizmetleri, a company that owns a hospital building in the country.
[hide]