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Paksoy and YBK Advise on Kaleseramik IPO

Paksoy and YBK Advise on Kaleseramik IPO

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Paksoy and CMS affiliate Yalcin Babalioglu Kemahli have advised Turkish tile manufacturer Kaleseramik on its IPO and Borsa Istanbul listing.

Kaleseramik was established in 1957. According to Paksoy, the total funds raised in the public offering amounted to TRY 2.73 billion – approximately USD 105 million – and the offering was almost four times oversubscribed, mostly by retail investors.

According to YBK, "with such an impressive debut on the market, the company has established itself as a prominent player and gained the attention of both institutional and retail investors seeking promising investment opportunities."

The Paksoy team included Partner Okkes Sahan, Senior Associate Merve Kurdak, and Associate Bengisu Yilmaz.

The YBK team included Partner Hulya Kemahli, Counsel Arcan Kemahli, and Associate Zeynep Berin Manavgat.

CMS at a Glance

CMS Sofia is a full-service law firm, the largest international law firm in Bulgaria and one of the largest providers of legal services in the local market as a whole. The breadth and depth of our practice means that our lawyers are specialised, with a level of specialisation that few of our competitors can match.

CMS Sofia is the Bulgarian branch of CMS, a top ten global legal and tax services provider with over 5000 lawyers in 43 countries and 78 offices across the world.

CMS entered the Bulgarian market as one of the first internationally active law firms in 2005 and is now among the most respected legal advisors in the country. We have 7 partners, 4 counsel and over 30 lawyers in our office in Sofia.

Our legal experts, who are rooted in Bulgaria’s local culture, can also draw on years of experience in foreign countries and are at home in several legal systems at once. We know the particularities of the local market just as well as the needs of our clients and combine both to achieve optimum solutions. Our lawyers are Bulgarian qualified and we also have English qualified experts – all of them regularly working on cross-border mandates.

In our work, we focus on M&A, Energy, Projects and Construction, Banking and Finance, Real Estate, Media, IP and IT law, Tax, Employment law, Competition, Procurement and any kind of Dispute resolution, including arbitration and mediation. What’s more, we also take care of the entire legal management of our clients’ projects.

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