Paksoy, working with lead counsel Freshfields, has advised Belgium's Solvay S.A. chemical company on the sale of its North American and European amphoteric surfactant manufacturing business, including the tolling business in Turkey, to OpenGate Capital. Morgan Lewis acted as global counsel to Open Gate with Akol providing Turkish advice.
The transaction is expected to close by the end of March 2021, subject to regulatory approvals.
Paksoy’s team included Partners Elvan Aziz and Sansal Erbacioglu and Senior Associate Miray Cura.
Akol's team included Partner Omer Gokhan Ozmen and Senior Associates Damla Keskin and Sinan Sunay.