Clifford Chance has advised the lenders on the EUR 155 million financing of the Kutahya Integrated Health Campus project design, construction, operation, and maintenance under the public-private partnership model. Ergun Law Firm and White & Case's Turkish affiliate GKC Partners advised the sponsor Guris Construction and Engineering.
According to Clifford Chance, "the financing was arranged by Turkiye Is Bankasi, ICBC Turkey, TSKB Turkiye Sinai Kalkinma Bankasi, and Ziraat Bankasi, with a total loan amount of EUR 155 million, representing one of the largest PPP financings of the year in Turkey in terms of deal value. The project is being sponsored by Guris Construction and Engineering and is expected to have an approximate capacity of 700 beds and a total indoor area of over 180,000 square meters."
The Clifford Chance team was led by Partners Jared Grubb and Sait Eryilmaz and included Counsel Gokce Uzun, Senior Associate Basar Kirka, Associates Ali Can Altiparmak, Pelinsu Demircan, Emir Baran, Sida Ozler, and Zana Oztarhan, and Trainees Berke Avarkan, Aysu Gurbuz, and Bilgesu Cakmak, as well as a team from the firm's London office.
The Ergun team included Istanbul-based Partner Burcu Baltacioglu, Senior Associates Handan Tuna and Tugba Aksoy Bozkurt, Legal Interns Nesibe Kayhan and Sinem Alagoz, and Ankara-based Partner Cagdas Ergun and Associates Asli Ibis and Melis Pulten.
The GKC Partners team included Partners Guniz Gokce and Ates Turnaoglu and Associates Baran Abur and Can Argon, as well as White & Case Partner Sebastian Buss.