Paksoy has advised Volex on its entrance into a EUR 61.8 million share purchase agreement for the acquisition of the entire issued share capital of DE-KA Elektroteknik in Turkey. Caliskan Okkan Toker reportedly advised the seller on the deal.
The transaction, which is contingent on the approval of the Turkish Competition Authority, is expected to close in January 2021.
DE-KA Elektroteknik is a Turkish cable manufacturer founded in 1993. Volex is a provider of electrical and optical connection solutions that operates a total of 13 manufacturing facilities and sales offices in more than 14 countries in the world.
Paksoy’s team consisted of Partner Elvan Aziz, Counsel Serdar Ildirar, and Associate Gozde Zorlu.