The Aksan Law Firm has advised Simularge Global and its founders on its investment round with a sub-fund of Turkiye Kalkinma Fonu. The Ozbek Attorney Partnership advised the fund.

Turunc has advised Gelecek Etki Fonu on its USD 1.25 million investment in e-commerce solutions provider Rierino.

In Turkiye, digital banking has become a hot topic in relatively recent times after the introduction of the Regulation on the Operation Principles of Digital Banks and Service Model Banking (Regulation), published in the Official Gazette dated December 29, 2021, issued by the Banking Regulation and Supervision Agency (BRSA).

Moral, Kinikoglu, Pamukkale, Kokenek has advised the shareholders of Univera on the sale of the company to Param.

Paksoy, working with Gowling WLG, has advised UK-listed Volex on its acquisition of Turkish complex wire harness manufacturer Murat Ticaret Kablo for a total consideration of up to approximately EUR 178.1 million. Kinstellar and its Turkish affiliate Gen Temizer Ozer advised the Gora family on the sale of 100% of their shares in Murat Ticaret.

Moral, Kinikoglu, Pamukkale, Kokenek has advised the minority shareholders of Turquoise Yachts on the sale of their shares to MB UAE Investments.

The Aksan Law Firm has advised Istanbul-based vehicle telemetry company Iugo Technology on receiving an investment from the Koc Group's Otokoc Otomotiv.

Turunc has advised Bogazici Ventures in its USD 600,000 investment in Artiwise.

Dentons and its Turkish affiliate Balcioglu Selcuk Ardiyok Keki Attorney Partnership have advised the lenders on a USD 201.5 million and EUR 353.4 million dual-currency loan to Yapi ve Kredi Bankasi.

Turunc has advised the Arya Women Investment Platform on its investment in Teleporter.

The Aksan Law Firm has advised APY Ventures on leading an investment round into Ankara-based autonomous mobile robot company Milvus Robotics.

Former ELIG Gurkaynak Senior Associate Cigdem Gizem Okkaoglu has joined Gunay Erdogan Attorneys at Law as a Partner in Ankara.

With the Regulation Amending the Regulation on Remote Identification Methods to be Used by Banks and Establishment of the Contractual Relationship on Electronic Medium ["Amendment"] [available only in Turkish] published by the Banking Regulation and Supervision Agency ["BRSA"] in the Official Gazette dated 25.05.2023 and numbered 32201, the scope of persons who may use remote identification services has been expanded.

Dentons Turkish affiliate Balcioglu Selcuk Ardiyok Keki Attorney Partnership has advised Revo Capital on its investment in FileOrbis.

With the Communiqué on Principles Regarding Companies Whose Shares Will Be Traded on the Venture Capital Market [II-16.3] [“Communiqué”] published in the Official Gazette on 18.5.2023, the procedures and principles regarding the sale of non-public joint stock companies to qualified investors for trading in the stock exchange came into effect.

Contributed by Guleryuz & Partners.

Cansu Telli has joined SST Technology as Legal Counsel in Turkey.

The Aksan Law Firm has advised Simya VC on its investment in Werover, in a USD 400,000 round that also included angel investors Semiramis Kulak and Arman Koklu.