Yargici Changes Hands: Tims Group Acquisition Complete
Deal News | Feb 26, 2025 | CEE Legal Matters
Acar & Ergonen law firm has successfully advised Tims Group, along with Tims Production and Timur Savci, in their acquisition of the Turkish apparel and fashion company Yargici from GB Retail Investments Holding. On the seller's side, the legal counsel was provided by Esin Attorney Partnership, an affiliate of Baker McKenzie. This transaction highlights a strategic move in the fashion retail sector. The Acar & Ergonen legal team included Managing Partner Duygu Acar Yucesoy, Partner Asli Tezcan, and Associates Pnar Akkaya and Sila Eyvaz Sir. Esin Attorney Partnership's team was led by Senior Partner Ali Selim Demirel, with Senior Associate Sila Pinar and Associate Hilal Aydin supporting the transaction.
Sectors
- Fashion and Apparel
- Legal Services
Geography
- Turkey – Yargici is a Turkish company, and the legal advisory firms involved are also based in Turkey.
Industry
- Fashion and Apparel – The article pertains to the acquisition of Yargici, a company in the fashion and apparel sector.
- Legal Services – Involves legal firms such as Acar & Ergonen and Esin Attorney Partnership that advised on the acquisition.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Yargici | Target | Company | A Turkish retail apparel and fashion company. |
| Tims Group | Buyer | Company | The company acquiring Yargici, involved in production and other commercial activities. |
| GB Retail Investments Holding | Seller | Company | The holding company selling Yargici. |
| Acar & Ergonen | Legal Advisor for Buyer | Company | Law firm advising Tims Group on the acquisition. |
| Esin Attorney Partnership | Legal Advisor for Seller | Company | Affiliate of Baker McKenzie advising the sellers in the transaction. |