On a back of another strong year, Bener moves into the second tier of the capital markets and M&A tables. Led by Gozde Esen Sakar, the firm has been very active on the equity side and was involved in eight IPOs last year with another three in the pipeline....
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On a back of another strong year, Bener moves into the second tier of the capital markets and M&A tables. Led by Gozde Esen Sakar, the firm has been very active on the equity side and was involved in eight IPOs last year with another three in the pipeline. This practice also benefits from the cross border expertise of Win Michaelsen, who heads the firm's growing banking and finance practice, which has a strong relationship with the IFC (International Finance Corporation). Furthermore, the firm continues to attract high profile M&A mandates, including those of GDF Suez. "If you look at the last two years you will see that Bener Law Office, which is in tier three, is more active," one partner says.
Deals
In finance matters Win Michaelsen led a team advising the IFC (International Finance Corporation) and FMO in regard to a $40 million loan. Michaelsen acting alongside Aslihan Erdem also advised Sekerbank as the borrower on a dual currency facility.
In capital markets Onur Kordel acted on IPOs in the supermarket and food retail areas, while Gozde Esen acted on the IPO of a Turkish REIT and that of Kron Telekom on the Istanbul Stock Exchange. On the debt side Esen was active again, this time for Global Investment Holdings on its corporate bond issue.
Kordel was active in M&A, advising Global Azimut on the purchase of 60% of the shares in a Global Yatirim portfolio company. The team is also advising GDF Suez on a variety of energy acquisitions, including a stake in a coal fired power plant, the takeover of several wind farms and the acquisition of the power production and distribution network subsidiaries of AKEnerji.
In project finance Kuthan Oter acted for a Turkish energy company in regards to the financing of several wind farms. The team is also advising on matters relating to the expansion of the Kuwait Airport.
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