Koni Teknik Muhendislik Completes Acquisition of Socar Turkiye
Deal News | Jan 24, 2025 | CEE Legal Matters
In a significant move within the Turkish energy sector, Koni Teknik Muhendislik has acquired all shares of Socar Turkiye. The transaction was facilitated by substantial legal advisory teams from GKC Partners, representing Koni Teknik Muhendislik, and Kilinc Law & Consulting, advising Socar and its affiliates, which include Bursagaz and Kayserigaz. Koni Teknik is a subsidiary of Aksa Natural Gas, thus expanding its reach within the industry. GKC Partners' team included professionals like Partner Emre Ozsar and other associates, while Kilinc Law & Consulting included Partner Seray Ozsoy Yavuz among its team members. Socar Turkiye held significant stakes in Bursagaz and Kayserigaz, making this acquisition a noteworthy realignment within the natural gas market.
Sectors
- Energy
- Legal Services
Geography
- Turkey – All companies mentioned, including Koni Teknik Muhendislik, Socar Turkiye, Bursagaz, and Kayserigaz, are located in Turkey, and the legal advisors are Turkish-affiliated firms.
Industry
- Energy – The transaction involves companies engaged in natural gas, with Koni Teknik Muhendislik acquiring Socar Turkiye, which has stakes in energy firms Bursagaz and Kayserigaz.
- Legal Services – The article underlines the role of legal advisory firms GKC Partners and Kilinc Law & Consulting in facilitating the acquisition deal, showcasing the legal services sector's involvement in M&A.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Koni Teknik Muhendislik | Bidding Company | Company | A subsidiary of Aksa Natural Gas, Koni Teknik Muhendislik acquired Socar Turkiye's share capital. |
| Socar Turkiye | Target Company | Company | An entity that holds stakes in Bursagaz and Kayserigaz, recently acquired by Koni Teknik Muhendislik. |
| Aksa Natural Gas | Parent Company | Company | Parent company of Koni Teknik Muhendislik. |
| Bursagaz | Subsidiary | Company | A natural gas company where Socar Turkiye holds an 80% stake. |
| Kayserigaz | Subsidiary | Company | A natural gas company where Socar Turkiye holds an 80% stake. |
| GKC Partners | Legal Advisor to Koni Teknik Muhendislik | Company | Turkish affiliate law firm advising Koni Teknik Muhendislik on the acquisition. |
| Kilinc Law & Consulting | Legal Advisor to Socar Turkiye | Company | Law firm advising Socar Turkiye and its affiliates. |
| Emre Ozsar | Partner at GKC Partners | Person | Led the legal advisory team for Koni Teknik Muhendislik. |
| Seray Ozsoy Yavuz | Partner at Kilinc Law & Consulting | Person | Led the legal advisory team for Socar Turkiye. |