Pekin Bayar Mizrahi Advises RES on Esref Enerji Uretim Sale
Deal News | Dec 04, 2024 | CEE Legal Matters
In a notable transaction within the Turkish renewable energy sector, Renewable Energy Systems Limited, a prominent independent renewable energy company, has divested its Turkish subsidiary, Esref Enerji Uretim, to Metgun Enerji. The legal handling of the sale was managed expertly by Norton Rose Fulbright's Turkish affiliate, Pekin Bayar Mizrahi, which brought the guidance of Partner Ferhat Pekin and Counsel Galya Kohen Benbanaste to the table. Meanwhile, Metgun Enerji received legal advice from sole practitioner Sinem Demiray Gunesol, enabling a smooth transaction process. This deal underscores a significant shift and consolidation within the renewable energy industry in Turkey and aligns with broader energy policy incentives in the region.
Sectors
- Renewable Energy
- Legal Services
Geography
- Turkey – The activities described in the article involve Turkish companies and legal entities, indicating an event within the Turkish market.
Industry
- Renewable Energy – The transaction involves companies operating in the renewable energy sector, focusing on sustainable energy production and services.
- Legal Services – The article highlights the role of law firms in advising on a corporate sale, indicating involvement in legal consulting for M&A transactions.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Renewable Energy Systems Limited | Selling Company | Company | An independent renewable energy company that sold its Turkish subsidiary. |
| Esref Enerji Uretim | Target Company | Company | Turkish renewable energy company sold to Metgun Enerji. |
| Metgun Enerji | Bidding Company | Company | The acquirer of Esref Enerji Uretim, a Turkish renewable energy company. |
| Pekin Bayar Mizrahi | Legal Advisor | Company | Norton Rose Fulbright's Turkish affiliate advising on the sale. |
| Sinem Demiray Gunesol | Legal Advisor | Person | Sole practitioner advising Metgun Enerji. |
| Ferhat Pekin | Legal Advisor | Person | Partner at Pekin Bayar Mizrahi. |
| Galya Kohen Benbanaste | Legal Advisor | Person | Counsel at Pekin Bayar Mizrahi. |