BMS Group Acquires Oria Sigorta in Strategic Move
Deal News | Jun 24, 2025 | CEE Legal Matters
In a significant move within the insurance brokerage industry, BMS Group has acquired the Istanbul-based firm Oria Sigorta. The acquisition was facilitated by legal advisories from Kolcuoglu Demirkan Kocakli and Pekin Bayar Mizrahi, representing BMS Group and Oria Sigorta respectively. BMS Group's strategic move marks its expansion in the Turkish market. The Kolcuoglu Demirkan Kocakli team was led by Partner Bihter Bozbay Inan and included several associates and a trainee. On the other side, the Pekin Bayar Mizrahi team was led by Partners Sertac Kokenek and Galya Kohen Benbanaste. This transaction underscores the competitive dynamics and consolidation trends within the insurance brokerage sector, particularly in Istanbul.
Sectors
- Insurance Brokerage
- Legal Advisory
Geography
- Turkey – Oria Sigorta is based in Istanbul, Turkey, indicating that this acquisition is taking place within the Turkish market.
Industry
- Insurance Brokerage – The article focuses on BMS Group's acquisition of Oria Sigorta, both of which operate in the insurance brokerage industry.
- Legal Advisory – Legal advisors played a crucial role in facilitating the acquisition, highlighting the significance of the legal advisory sector in M&A activities.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| BMS Group | Acquirer | Company | An insurance and reinsurance broker involved in acquiring Oria Sigorta. |
| Oria Sigorta | Target Company | Company | An Istanbul-based insurance brokerage firm acquired by BMS Group. |
| Kolcuoglu Demirkan Kocakli | Legal Advisor to Acquirer | Company | The law firm representing BMS Group in the acquisition deal. |
| Pekin Bayar Mizrahi | Legal Advisor to Vendor | Company | The law firm representing Oria Sigorta in the acquisition transaction. |