Generali Completes Divestment of Turkish Operations
Deal News | Mar 04, 2025 | Legal Community Italy
Generali, advised by legal firm Baker McKenzie, has completed the sale of its operations in Turkey by divesting 99.99% of its shares in Generali Sigorta Anonim Sirketi. The acquiring entities include Kiler Holding, Ekol Giriim Sermayesi Yatırım Ortakli, Arex Yatırım Holding, and Arex Sigorta. Baker McKenzie's team was led by Giorgio Telarico, supported by Esin Attorney Partnership and Generali's in-house counsel led by Valentina Sarrocco and Silvia Angeli. PwC served as the sole M&A advisor, providing due diligence assistance with teams from both Italy and Turkey.
Sectors
- Insurance
- Legal Services
- Management Consulting
Geography
- Italy – Generali and Baker McKenzie Italia represent significant Italian involvement in the transaction.
- Turkey – The transaction involves Turkish entities as buyers of the Generali Turkish operations.
Industry
- Insurance – Generali's sale is within the insurance industry, showing a strategic move in its portfolio.
- Legal Services – Baker McKenzie's involvement highlights the role of legal firms in M&A transactions.
- Management Consulting – PwC's advisory and due diligence roles categorize the involvement in consulting services.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Generali | Vendor | Company | An Italian insurance company divesting its Turkish operations. |
| Baker McKenzie | Legal Advisor | Company | Provided legal services to Generali during the transaction. |
| PwC | M&A Advisor | Company | Served as M&A advisor, conducting due diligence for Generali. |
| Kiler Holding Anonim Sirketi | Buyer | Company | Acquired a majority (81.5%) stake in Generali Sigorta Anonim Sirketi. |
| Ekol Girişim Sermayesi Yatırım Ortaklı | Buyer | Company | Acquired 9% of Generali's Turkish operations. |
| Arex Yatırım Holding Anonim Sirketi | Buyer | Company | Acquired 8.5% of Generali's Turkish operations. |
| Arex Sigorta Anonim Sirketi | Buyer | Company | Acquired 1% of Generali's Turkish operations. |