07
Fri, May
69 New Articles

Cakmak, GKC Partners, and Akol Law Advise on Palmet Enerji’s Acquisition of Izgaz, Baymina, and EPG

Cakmak, GKC Partners, and Akol Law Advise on Palmet Enerji’s Acquisition of Izgaz, Baymina, and EPG

Turkey
Tools
Typography
  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times

Cakmak has advised Engie on the sale of its shares in energy-sector companies Izgaz, Baymina, and EPG to Palmet Enerji. Garanti BBVA and VakifBank provided acquisition financing to Palmet Enerji. Akol Law advised the buyer and GKC Partners in association with White & Case advised the banks.

Financial details of the transaction were not disclosed.

Engie is a French energy company that is primarily focused on renewable and low-carbon energy sources. The company employs over 170,000 people around the whole and has reported EUR 60 billion in revenue.

Palmet Enerji is a Turkish producer and retailer of electricity, as well as distributor and retailer of natural gas.

According to Cakmak, Izgaz is a natural gas distributor in Turkey’s Izmit Province; Baymina is an operator of a combined cycle gas turbines system with an installed capacity of 770 megawatts in Ankara; and EPG is a provider of operations and maintenance services in the energy sector.

Cakmak’s team consisted of Partners Zeynep Cakmak and Kemal Aksel, Senior Counsel Elif Demiroz, Counsel Gulsen Engin, Senior Associate Kerem Bener, and Associate Basak Ayik.

Akol Law’s team included Partners Meltem Usu-Akol, Tugce Tatari, Omer Gokhan Ozmen, and Gunes Yalcin.

GKC Partners’ team consisted of Managing Partner Guniz Gokce, Partner Ates Turnaoglu, Associates Ozlem Barut, Baran Abur, Caglar Senol, and Ata Deniz, and Legal Intern Atakan Arslan.

Turkey Knowledge Partner

NAZALI offers a broad range of services in the fields of Tax, Audit, Corporate and Commercial Law, Mergers & Acquisitions, Corporate Finance, Banking, Finance and Capital Markets, Protective Legal Services and Dispute Resolution, Personal Data Protection and Privacy, Social Security and Labor Law, Occupational Health and Safety, Competition Law, Intellectual Property Law and R&D, Compliance and White-Collar Crimes, Administrative Law, Real Estate Law, Customs and Foreign Trade, Accounting and Payroll, Financial Incentives and Advisory Services and Public Administration and Compliance through its partners, associates and consultants of different seniorities who have both public and private sector experience.

What sets NAZALI apart from others is that NAZALI offers a truly comprehensive service to its clients with experts from different disciplines working collaboratively as a team under one roof enabling us to evaluate all dimensions of legal matters together with financial and technical matters.

The services that NAZALI provides to its clients include the most appropriate solution with the support of technical departments specialized in their fields. In this context, NAZALI associates are supported by NAZALI technical team and work alongside the experts in the fields of finance, social security and customs matters. NAZALI has set out with the aim of providing the most efficient and comprehensive solution for its clients by adapting to the developing conditions and happily gained the trust of its clients by never compromising the quality of service.

As conditions continuously evolve, NAZALI always aims to further itself remaining true to its motto “GROW WITH KNOWLEDGE” and has set out with the aim of providing the most efficient and comprehensive solution for its clients by adapting to the developing conditions and happily gained the trust of its clients by never compromising the quality of service.

Firm's website: http://www.nazali.com

Our Latest Issue