News & Analysis

Turkey's fight against corruption

03 May 2016 by Serdar Paksoy and Begüm Nişli

Serdar Paksoy and Begüm Nişli of Paksoy provide crucial insights into corruption, the protection available and strategies to employ when doing business in Turkey

Deals

PayU $165 million acquisition of Iyzico

19/6/2019

Jurisdictions

Türkiye

Practice areas

M&A

Industry sectors

Financial services, Technology and telecommunications

Value:

$ 165 million

Deal types:

Private acquisition

Deals

STAR Rafineri

1/3/2019

Jurisdictions

Azerbaijan, Türkiye

Practice areas

Project development, Project finance

Industry sectors

Oil and gas

Value:

$ 5.6 billion

Deal types:

Project development, Project finance

Deals

Mitsubishi Heavy Industries Thermal Systems acquisition of a stake in Form VRF Sistemleri

30/1/2019

Jurisdictions

Türkiye

Practice areas

M&A

Industry sectors

Industrials and manufacturing

Deal types:

Joint venture, Private acquisition

Deals

Energo Pro €250 million 4.5% bond issue

1/5/2018

Jurisdictions

Bulgaria, Czech Republic, Georgia, Türkiye, United Kingdom

Practice areas

Capital markets : Debt

Industry sectors

Energy

Value:

€ 250 million

Dollar value:

$ 275.696 million

Deal types:

Investment grade bond/note issue

Deals

Energo Pro €250 million 4.5% bond issue

1/5/2018

Jurisdictions

Bulgaria, Czech Republic, Georgia, Türkiye, United Kingdom

Practice areas

Capital markets : Debt

Industry sectors

Energy

Value:

€ 250 million

Dollar value:

$ 275.696 million

Deal types:

Investment grade bond/note issue

Deals

Albaraka Türk Katılım Bankası $205 million additional Tier 1 sukuk issue

20/2/2018

Jurisdictions

Ireland, Türkiye

Practice areas

Capital markets : Debt, Islamic finance

Industry sectors

Banking

Value:

$ 205 million

Deal types:

Sukuk

Deals

Türkiye Sınai Kalkınma Bankası $300 million 7.625% resettable Tier 2 sustainable bond issue

28/3/2017

Jurisdictions

Türkiye

Practice areas

Capital markets : Debt

Industry sectors

Banking

Value:

$ 300 million

Deal types:

High-yield bond/note issue

Deals

Mersin Integrated Healthcare Campus PPP

17/3/2017

Jurisdictions

Türkiye

Practice areas

PPP/PFI, Project finance

Industry sectors

Healthcare, Social infrastructure

Value:

$ 270 million

Deal types:

PPP, Project development, Project finance

Deals

İzmir Bayraklı Integrated Health Campus PPP

27/10/2016

Jurisdictions

Canada, Türkiye, United Kingdom, United States

Practice areas

PPP/PFI, Project finance

Industry sectors

Healthcare, Social infrastructure

Value:

€ 766.148 million

Dollar value:

$ 840.809 million

Deal types:

PPP, Project development, Project finance

Deals

Kocaeli Integrated Health Campus PPP

27/10/2016

Jurisdictions

Canada, Türkiye, United Kingdom, United States

Practice areas

PPP/PFI, Project finance

Industry sectors

Healthcare, Social infrastructure

Value:

€ 407.682 million

Dollar value:

$ 447.411 million

Deal types:

PPP, Project development, Project finance

Deals

Republic of Turkey €1 billion sukuk issue

8/6/2016

Jurisdictions

Türkiye, United Kingdom, United States

Practice areas

Capital markets : Debt, Islamic finance

Industry sectors

Government and public policy

Value:

$ 1 billion

Deal types:

Sovereign bond issue, Sukuk

Deals

EBRD and IFC $200 million acquisition of a 33.3% stake in Akfen Holding’s renewable portfolio

10/5/2016

Jurisdictions

Türkiye

Practice areas

M&A

Industry sectors

Energy

Value:

$ 200 million

Deal types:

Private acquisition

Deals

Ziraat Katılım Bankası $155 million murabaha financing

27/4/2016

Jurisdictions

Türkiye

Practice areas

Islamic finance

Industry sectors

Banking

Value:

$ 155 million

Deal types:

Murabaha

Deals

Centerra Exploration $150 million financing for Öksüt gold mine

5/4/2016

Jurisdictions

Türkiye

Practice areas

Project finance

Industry sectors

Mining

Value:

$ 150 million

Deal types:

Project finance

Deals

CJ CGV and other investors $800 million acquisition of Mars Entertainment Group

4/4/2016

Jurisdictions

South Korea, Türkiye, United Kingdom

Practice areas

M&A

Industry sectors

Entertainment

Value:

$ 800 million

Deal types:

Private acquisition

Deals

DyDo Drinco acquisition of 90% Yıldız Holding's beverage companies

3/2/2016

Jurisdictions

Türkiye

Practice areas

M&A

Industry sectors

Food and beverage

Value:

TL 335 million

Dollar value:

$ 97.71 million

Deal types:

Private acquisition

Deals

Türk Eximbank $1.5 billion MTN programme

1/2/2016

Jurisdictions

Türkiye

Practice areas

Capital markets : Debt

Industry sectors

Banking

Value:

$ 1.5 billion

Deal types:

Bond/note programme

Deals

Türk Eximbank $270 million mudaraba facility from IDB

30/12/2015

Jurisdictions

Türkiye

Practice areas

Islamic finance

Industry sectors

Banking

Value:

$ 270 million

Deal types:

Mudarabah

Deals

Albaraka Türk $250 million sukuk

1/12/2015

Jurisdictions

Türkiye

Practice areas

Capital markets : Debt, Islamic finance

Industry sectors

Banking

Value:

$ 250 million

Deal types:

Sukuk

Deals

Türk Telekom €420 million and $380 million club facility

23/11/2015

Jurisdictions

Türkiye

Practice areas

Banking

Industry sectors

Technology and telecommunications

Value:

$ 823.961 million

Deal types:

Financing

Deals

Turkcell $500 million bond issue

9/10/2015

Jurisdictions

Türkiye

Practice areas

Capital markets : Debt

Industry sectors

Technology and telecommunications

Value:

$ 500 million

Deal types:

Investment grade bond/note issue

Deals

ING Bank €200 million covered loan to Türk Eximbank

1/10/2015

Jurisdictions

Türkiye

Practice areas

Banking

Industry sectors

Banking

Value:

€ 200 million

Dollar value:

$ 208.238 million

Deal types:

Financing

Deals

Turkcell $500 million and €445 million club loan

17/9/2015

Jurisdictions

Türkiye

Practice areas

Banking

Industry sectors

Technology and telecommunications

Value:

$ 970.387 million

Deal types:

Financing

Deals

The Hong Kong and Shanghai Hotels €300 million Peninsula Hotel project

7/7/2015

Jurisdictions

Türkiye

Practice areas

Project development

Industry sectors

Consumer goods and services

Value:

€ 300 million

Dollar value:

$ 321.75 million

Deal types:

Project development

Deals

Jurisdiction

Practice area

Industry sector

Deal type

Deal value

Year

Turkey's fight against corruption

PayU $165 million acquisition of Iyzico

Jurisdictions

Practice areas

Industry sectors

Value:

Deal types:

STAR Rafineri

Jurisdictions

Practice areas

Industry sectors

Value:

Deal types:

Mitsubishi Heavy Industries Thermal Systems acquisition of a stake in Form VRF Sistemleri

Jurisdictions

Practice areas

Industry sectors

Deal types:

Energo Pro €250 million 4.5% bond issue

Jurisdictions

Practice areas

Industry sectors

Value:

Dollar value:

Deal types:

Energo Pro €250 million 4.5% bond issue

Jurisdictions

Practice areas

Industry sectors

Value:

Dollar value:

Deal types:

Albaraka Türk Katılım Bankası $205 million additional Tier 1 sukuk issue

Jurisdictions

Practice areas

Industry sectors

Value:

Deal types:

Türkiye Sınai Kalkınma Bankası $300 million 7.625% resettable Tier 2 sustainable bond issue

Jurisdictions

Practice areas

Industry sectors

Value:

Deal types:

Mersin Integrated Healthcare Campus PPP

Jurisdictions

Practice areas

Industry sectors

Value:

Deal types:

İzmir Bayraklı Integrated Health Campus PPP

Jurisdictions

Practice areas

Industry sectors

Value:

Dollar value:

Deal types:

Kocaeli Integrated Health Campus PPP

Jurisdictions

Practice areas

Industry sectors

Value:

Dollar value:

Deal types:

Republic of Turkey €1 billion sukuk issue

Jurisdictions

Practice areas

Industry sectors

Value:

Deal types:

EBRD and IFC $200 million acquisition of a 33.3% stake in Akfen Holding’s renewable portfolio

Jurisdictions

Practice areas