Cimsa Advances with Mannok Acquisition Backed by Key Lenders
Deal News | Jun 27, 2025 | CEE Legal Matters
The international law firm Clifford Chance has played a strategic role in a new acquisition by advising lenders BNP Paribas-TEB, ING, and QNB on financing provisions for Cimsa. Cimsa, a subsidiary of Sabanci Holding and a well-established Turkish building materials company, has acquired the Ireland-based Mannok. This strategic move supports Cimsa's ambition to extend its market influence in the UK and Ireland. Clifford Chance's advice and legal expertise were delivered by their Istanbul team, including Partner Sait Eryilmaz, Senior Associate Ali Can Altiparmak, and Associate Aykan Karpuzcu.
Sectors
- Legal Services
- Building Materials
- Banking & Financial Services
Geography
- Turkey – Cimsa is a Turkish-listed company, with Sabanci Holding as its parent entity, and is involved in a cross-border transaction.
- Ireland – Mannok, the company being acquired, is based in Ireland, making this a significant transaction for the Irish business landscape.
- United Kingdom – The acquisition allows Cimsa to expand its presence in the UK market as well as the Irish market.
Industry
- Legal Services – Clifford Chance is a leading international law firm providing legal advice and services, which played a key role in the financial guidance and support for the acquisition.
- Building Materials – Cimsa operates in the building materials industry, and the acquisition of Mannok is a strategic move to expand its market reach in this sector.
- Banking & Financial Services – BNP Paribas-TEB, ING, and QNB, involved in the financial backing of the acquisition, are crucial participants within the financial services industry.
Financials
- Not Specified – The financial specifics of the transaction, such as the acquisition cost or financing amounts provided by the lenders, are not disclosed in the article.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Cimsa | Acquirer | Company | A Turkish-listed building materials company and subsidiary of Sabanci Holding. |
| Mannok | Target Company | Company | An Ireland-based company acquired by Cimsa. |
| Clifford Chance | Legal Advisor | Company | An international law firm advising on the financing aspect of the acquisition. |
| BNP Paribas-TEB | Lender | Company | One of the financial institutions providing financing for the acquisition. |
| ING | Lender | Company | Another key financial institution involved in the provision of the acquisition financing. |
| QNB | Lender | Company | A bank that participated in providing financing for Cimsa's acquisition. |
| Sabanci Holding | Parent Company | Company | Parent company of Cimsa, involved in overseeing strategic business expansions. |
| Sait Eryilmaz | Partner | Person | Partner at Clifford Chance's Istanbul office involved in the legal advising of the deal. |
| Ali Can Altiparmak | Senior Associate | Person | Senior Associate at Clifford Chance, part of the legal team advising on the transaction. |
| Aykan Karpuzcu | Associate | Person | Associate at Clifford Chance, involved in the legal advising for the acquisition. |