Balcioglu Selcuk Ardiyok Keki Avukatlik Ortakligi has advised Gulf Capital on the sale of its 70% stake in TurkNet lletisim Hizmetleri A.S., an alternative Internet service provider in Turkey, to the members of the Celebiler family and a fund of Re-Pie Portfoy Yonetimi A.S. ErsoyBilgehan advised the Celebiler family on that deal, and on the immediate sale of 40% shares in Turknet to Re-pie. Baspinar & Partners reportedly advised Re-Pie on the deal.
As a result of the complex transaction, Gulf Capital now has no shareholding in TurkNet, while the Celebiler family has a 60% stake and Re-Pie has a 40% stake.
BASEAK's team included Managing Partner Galip Selcuk, Counsel Selahattin Kaya, and Associate Denizhan Uslu.
ErsoyBilgehan's team included Managing Partner Zihni Bilgehan, Senior Associate Yusuf Mansur Ozer, Associate Hande Pat, and Legal Trainee Serdar Akcay.