Kinstellar is delighted to have advised Odine Solutions Teknoloji Ticaret ve Sanayi (“Odine”) on its acquisition of a 53.03% shareholding in Logate, a Montenegro-based software company with a strong presence across the European market in 5G core network technologies, banking infrastructure, and digital transformation solutions. Logate is known for its scalable 5G core network software, banking infrastructure solutions, and digital transformation products. The transaction perimeter included Logate Institut Za Informacione Tehnologije, a wholly owned subsidiary of Logate D.O.O. engaged in software-related training and human resources development, and Logate GMBH, an Austria-based marketing company in which Logate D.O.O.
Turkey continues to make significant strides in its transition towards a greener energy future. In this brochure, we provide an overview of the current structure and legal framework of the renewable energy market in Turkey, including developments in wind, solar, and battery storage technologies, as well as available investment models and incentive mechanisms. Click on the image below or use the following link to read our full report. Autho rs: Edmund Emre Özer, PartnerNihal Dilan Cantürk, AssociateSimge Erdem, Legal Intern
Kinstellar and KST Law are delighted to have advised Honeywell on the Turkish law aspects in connection with its sale of its Personal Protective Equipment (“PPE”) busine ss to Protective Industrial Products ("PIP") for USD 1.325 billion, an all-cash transaction. PIP is a global supplier and manufacturer of PPE products and a portfolio company of Odyssey Investment Partners and this strategic move is reinforcing PIP’s global positioning in the PPE market. Congratulations to our team led by Partners Emre Özer and Mert Elçin, with key involvement from Senior Associate Sıla Şaylı and Associates Helin Akbulut and Tuğberk Çakırca, for their outstanding efforts and dedication. Our colleagues
Kinstellar and KST Law are proud to have advised Eleven Fund III Cooperatief in its equity investment in Bitloops, a software development company with subsidiaries in Greece and Cyprus. Bitloops is an AI-powered front-end companion in VS Code that transforms designs into high-quality, maintainable codes. The investment round was led by Eleven Ventures with participation from Corallia Ventures and several angel investors. This funding will help Bitloops improve how teams turn Figma designs into high-quality, scalable, and maintainable code while maintaining engineering standards. Special thanks to the Kinstellar Istanbul/KST Law team led by Partner Emre Özer, including Associates Helin Akbulut and Tuğberk
Kinstellar and KST Law are proud to have advised Allison Transmission Holdings on Turkish and Hungarian law aspects in connection with its entry into a definitive agreement to acquire the Off-Highway business of Dana Incorporated, a global leader in propulsion and energy-management solutions for vehicles and machinery across all mobility markets, for approximately US$2.7 billion. Special thanks to our team in Istanbul led by Partner Emre Özer, including Associates Helin Akbulut, Nihal Dilan Cantürk and Tuğberk Çakırca, for their invaluable contribution in making this transaction a success. Kinstellar's team in Budapest consisting of Partner Gábor Gelencsér, Counsel Mónika Frank, Senior Associate Gergely Simon
Kinstellar and KST Law are proud to have successfully advised Quexco Incorporated, a US-based private holding company, on completing the acquisition of 100% of Mutlu Akü, a leading auto battery manufacturer in Türkiye with a waste battery recycling facility. This complex cross-border transaction involved financial structuring, including refinancing Mutlu Akü's debt and securing a capex loan facility, syndicated by Garanti Bank. The closing process was led by Partners Emre Özer and Mert Elçin, supported by Senior Associate Şeyma Olğun, and Associates Sıla Şaylı, Helin Akbulut and Nihal Dilan Cantürk. Kinstellar operates in Turkey in cooperation with KST Law, a full-service corporate law firm based
Kinstellar and KST Law are excited to have assisted Balderton Capital in leading the USD 30M Series A financing round for Grand Games, a visionary mobile gaming company focused on delivering genre-defining experiences. This significant milestone underscores Balderton's continued commitment to supporting innovative companies that push the boundaries of mobile entertainment. A special thanks to the KST Law team—our partner Emre Özer and associates Helin Akbulut and Nihal Dilan Cantürk—for their crucial support and expertise in completing this transaction successfully. Kinstellar operates in Turkey in cooperation with KST Law, a full-service corporate law firm based in Istanbul.
Kinstellar is delighted to announce that Sinan Diniz, a highly regarded competition law expert, has joined our associated law firm in Turkey, KST Law, as a Partner. Sinan was previously the co-head of the Competition practice in Esin Attorney Partnership, a member firm of Baker McKenzie, where he managed one of the leading competition law practices in the country. Sinan has more than 10 years of competition law experience and assists clients with all aspects of Turkish competition law including merger control, antitrust investigations, exemption filings, and daily compliance queries. His expertise extends to administrative and private litigation, designing competition law compliance programs, and delivering bespoke
Kinstellar and KST Law are delighted to have advised Quexco Incorporated, a US-based diversified, private holding company with investments in the lubricants space and a rich history, previously operating in the battery industry, on its acquisition of Mutlu Akü, one of the major auto battery manufacturers in Turkey, and owner of a waste battery recycling facility, from Metair International Holdings Coöperatief U.A. (a member of Metair Group, a South African listed company). The team was led by Partner Emre Özer, supported by Senior Associate Şeyma Olğun, and Associate Sıla Şaylı. Kinstellar worked in close collaboration with Bowmans, as to South African law, throughout the transaction. Completion of the transaction is
Kinstellar is proud to have successfully advised Nova Ljubljanska Banka, Slovenia’s largest banking group, on completing the acquisition of 100% of SLS HOLDCO, the parent company of Summit Leasing Slovenija, and its subsidiaries, including Croatian Mobil Leasing. After receiving all required regulatory and anti-trust approvals, NLB became the sole shareholder. The Kinstellar team, led by Partner Edmund Emre Özer and supported by Associate Bianka Kovacs, collaborated closely with Kavcic, Bracun & Partners in Slovenia on the transaction.
Kinstellar and KST Law are delighted to have advised Eleven Fund III Cooperatief, a multi-strategy growth fund, on its US$1.1 million in seed investment in Magfi, a SaaS platform based in Istanbul. Magfi enables seamless advertising across Telegram and Discord communities using machine learning and AI. The investment will support Magfi's planned expansion into the Brazilian market. Our team was led by Partner Edmund Emre Özer, with support from Associates Helin Akbulut and Hatice Nur Arslan.
Mert Elçin appointed as Partner. Rebrand of local Turkish law business. June 2024 – Kinstellar has fundamentally strengthened its team in Turkey. Kinstellar is very pleased to announce the appointment of Mert Elçin as Partner and leader of our reinvigorated Turkish law practice. For compliance with local bar requirements, Turkish law services will be provided by KST Law in cooperation with our foreign attorney partnership in Turkey, Kinstellar Foreign Attorney Partnership, headed by Edmund Emre Özer. Mert and Emre are supported by a dedicated team of lawyers, which we are growing continuously. Mert Elçin, a renowned Turkish-qualified lawyer, brings over a decade of experience in corporate, M&A