Kaspi.kz Expands with 65.41% Stake in Hepsiburada
Deal News | Feb 17, 2025 | CEE Legal Matters
Kaspi.kz, a company based in Kazakhstan known for its retail financial and investment services, has taken a strategic step by acquiring a 65.41% stake in Hepsiburada, a significant player in the Turkish e-commerce market and listed on NASDAQ. The legal counsel for the acquisition was provided by Akol Law, including their Founding Partner and several key associates. Although Akol Law was approached for comments, they did not respond. This acquisition marks Kaspi.kz's continued expansion and investment in international e-commerce markets, potentially signaling further growth and strategic positioning in the digital commerce space.
Sectors
- E-Commerce
- Financial Services
- Legal Services
Geography
- Kazakhstan – Kaspi.kz, the acquiring company, is based in Kazakhstan.
- Turkey – Hepsiburada, the target company, is a Turkish e-commerce platform.
Industry
- E-Commerce – The article discusses the acquisition of an e-commerce platform, Hepsiburada, by Kaspi.kz which provides financial services.
- Financial Services – Kaspi.kz operates in the financial services sector, and its activities are central to the acquisition.
- Legal Services – Legal advisory services were provided by Akol Law for the acquisition transaction.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Kaspi.kz | Bidding Company | Company | A Kazakhstan-based company providing retail financial and investment services. |
| Hepsiburada | Target Company | Company | A NASDAQ-listed Turkish e-commerce platform officially known as D-Market Electronic Services & Trading. |
| Akol Law | Legal Advisor | Company | A law firm advising Kaspi.kz on the acquisition. |