Ontex Group Divests Dilek Grup Subsidiary Amid Regulatory Hurdles

Deal News | Feb 19, 2025 | CEE Legal Matters

Paksoy, alongside Linklaters' Brussels office, is assisting Ontex Group in the sale of its Turkish subsidiary, Dilek Grup. This divestment includes Ontex's operations, export activities, and a manufacturing facility in Istanbul. Integral to the transaction is the acquisition by unnamed buyers, advised by Peynircioglu Erem. The deal is currently pending regulatory approval, underscoring Turkiye's importance in Ontex's strategic restructuring. Paksoy's legal team comprises key partners and associates, while Peynircioglu Erem's guidance reflects the firm's strategic advisory role.

Sectors

Fast-Moving Consumer Goods (FMCG)
Legal Services

Geography

Turkiye – The geographical focus of the article is on Turkiye, where Dilek Grup operates and where the regulatory approval is required.
Belgium – Linklaters' involvement through its Brussels office adds a Belgian dimension to the advisory aspect of the transaction.

Industry

Fast-Moving Consumer Goods (FMCG) – Dilek Grup is a distributor of FMCG in Turkiye and neighboring regions, making this sector relevant to the transaction.
Legal Services – The transaction involves significant legal advisory services from firms like Paksoy, Linklaters, and Peynircioglu Erem.

Financials

Not disclosed – Financial terms of the transaction have not been disclosed within the article.

Participants

Name	Role	Type	Description
Ontex Group	Seller	Company	Belgian company divesting its Turkish subsidiary, Dilek Grup.
Dilek Grup	Target company	Company	Subsidiary of Ontex Group, focused on FMCG distribution and manufacturing in Turkiye.
Paksoy	Legal Advisor to Ontex	Company	Legal firm providing advisory services on the transaction.
Linklaters	Legal Advisor to Ontex	Company	International law firm supporting Paksoy with legal matters from its Brussels office.
Peynircioglu Erem	Legal Advisor to the buyers	Company	Legal firm advising the purchasing party in the transaction.