> A leading bank on the investment in > ING on the €600m financing granted > The lenders on the project financing of İzmir port project. to Sibirskiy Cement for the acquisition a new terminal at Antalya Airport. > Lenders on the financing of the of Set Group Holding, Set Beton and > Akenerji on the US$75m loans European Nickel metal mine in . Afyon Çimento. provided by the IFC to finance equity > Akenerji, CEZ and the project company > RWE on the US$12bn development of contributions and shareholder loans to on the US$1bn development and project the Nabucco gas pipeline. its subsidiaries for the support of five financing of a 900MW gas-fired power > Çalık Enerji on its consortium small scale hydropower projects (total plant at Erzin, Hatay Province. arrangements with the Indian Oil 160MW) in Adana. > The lead managers on the US$2bn Corporation. The consortium submitted SACE-backed financing of the project a bid to acquire a stake in Tüpraş as financing of the Blue Stream gas pipeline part of the government of Turkey’s from Russia to Turkey. privatisation process. > The sponsors on the US$325m refinancing of the acquisition financing Our Turkey practice originally used by Akcez (borrower) to purchase SEDAS electricity “... [Turkey] desk provides a strong platform distribution company. for the firm’s vast activity on Turkey-related > DP World on the €500m project contracts mandates, advising many leading international and finance documents for project investors from sectors including infrastructure financing of Yarimca Container Terminal. > The lenders on the US$630m financing and the financial services.” and construction of a coal-fired Chambers Global 2016, Corporate/M&A: Turkey (expertise based abroad) merchant power plant with a capacity of 625MW in Iskanderen. > The sponsor on the US$5bn “Heavily present in the Turkish corporate and Trans-Anatolian oil pipeline project. Linklaters has a market-leading practice, advising across our core practice areas since the mid-1980s. > The sponsor on its investment in M&A market for many years, with lawyers from Borasco IPP, including leading EPC across Europe, led by London and Paris, advising Linklaters is a leading global law firm, supporting our clients in achieving their strategies negotiations on the EPC contract. Practices covered: wherever they do business. Our Turkey practice is recognised as the first choice for the on a vast range of substantial private equity, Corporate/M&A | Banking | Project leading transactions in the market. industrial and public transactions involving finance | Capital markets | Real estate Given our established track record in Turkey, we have developed strong relationships Turkish clients.” with the leading law firms. We are committed to selecting the best local advisor for any Chambers Europe 2015, Corporate/M&A: Turkey (desks based abroad) Key sectors: given transaction, so that we can call on their expertise for the benefit of our clients. Power | Oil and gas | Chemicals and Leading deals include advising: industrials | Infrastructure | Financial > A global leader in emerging markets services | TMT | Retail | Healthcare > OYAK on the acquisition of Cimpor Portugal, SGPS, S.A., the largest cement private equity on the sale of its interest Key contacts group in Portugal, and its subsidiaries in Beymen Magazacilik and its interest Corporate/M&A: Turkey from InterCement. in Boyner Buyuk Magazacilik. Daniel Cousens Dr Timo Engelhardt Desks Based Abroad > BeIN Media Group on the acquisition of > Russian energy group INTER RAO Turkey’s biggest satellite network and Group on the acquisition of gas-fired Co-Head of Turkey Desk Co-Head of Turkey Desk Chambers Global 2018 Corporate/M&A Partner, Warsaw Corporate/M&A Partner, Munich pay-TV provider Digiturk. 478MW CCGT power plant Trakya Tel: +48 22 526 5113 Tel: +49 89 418 08 447 > Yıldız Holding on the acquisition of Elektrik Uretim Ve Ticaret A.Ş. from Mob: +48 601 066 008 Mob: +49 162 243 0022 Corporate/M&A: Turkey United Biscuits from Blackstone and international energy company AEI. [email protected] [email protected] Desks Based Abroad PAI Partners and on their acquisition > Sberbank on acquiring A.Ş. finance package. from the Dexia group for approximately Chambers Global 2017 > Petrokimya Holding A.Ş., a Turkish US$3.5bn. Richard O’Callaghan Pam Shores petrochemicals producer, as issuer on > Tüpraş on its US$2.2bn ECA-backed Capital Markets Partner, London Capital Markets Partner, London Tel: +44 20 7456 4783 Tel: +44 20 7456 4650 Corporate/M&A: Turkey its five-year US$500m notes issuance. financing of the Izmit Residuum refinery Mob: +44 7766 508 097 Mob: +44 7867 181 401 Desks Based Abroad The notes will be listed on the Irish upgrade project and the underwriters Stock Exchange and the proceeds of the on Tüpraş’ subsequent landmark [email protected] [email protected] Chambers Global 2016 transaction is to fund the acquisition of a international bond offering. crude oil refinery in Turkey. > The co-ordinators and the agent and Acquisition Finance > Borsa on its strategic security agent in connection with James Wootton Deal of the Year: partnership with the NASDAQ OMX US$500m and TRY 700m loan Corporate Partner, London Group and on the purchase of a 10% facilities to VIP Turkey Enerji A.Ş. Tel: +44 20 7456 3671 Yildiz/United Biscuits stake in by EBRD. for the €1.368bn acquisition of Mob: +44 7920 583 943 Bonds and Loans Awards Turkey 2015 OMV Holding A.Ş. [email protected] > Garanti Bank on its issue of US$75m of “gender bonds”, the first such issue in the emerging markets, and subscribed by the IFC. All the financing raised “The Warsaw desk provides a strong platform though the bond issue will be earmarked linklaters.com for on-lending to Garanti Bank’s women- for the firm’s extensive activity on owned small business clients. Linklaters LLP is a limited liability partnership registered in England and Wales with registered number OC326345. It is a law firm authorised and regulated by the Solicitors Regulation Authority. The term partner in relation to Linklaters Turkey-related mandates.” LLP is used to refer to a member of the LLP or an employee or consultant of Linklaters LLP or any of its affiliated firms or entities with equivalent standing and qualifications. A list of the names of the members of Linklaters LLP and of the non-members who are designated as partners and their professional qualifications is open to inspection at its registered office, One Silk Street, London EC2Y 8HQ, England or on www.linklaters.com and such persons are either solicitors, registered foreign lawyers or European lawyers. Please refer to www.linklaters.com/regulation for important information on our regulatory position. GC18288_F/12.19 Chambers Global 2018, Corporate/M&A: Turkey (desks based abroad) Highlights of our M&A experience > DowAksa on joint venture arrangements > Türkiye Sınai Kalkınma Bankası A.Ş. on > Credit Suisse (Europe) Limited and Highlights of our banking experience > Doğan TV Holding A.Ş., on the €15m include advising: with Russian group Holding Company its award-winning US$300m issue of Türkiye Sınai Kalkınma Bankası A.Ş. include advising: term loan facility. Inbound M&A Composite and DowAksa’s investment in 4.875% green/sustainable bonds due on the US$110m IPO of Enerji, a > Bank of China in relation to a €400m > EFES Breweries International, a > Akfen Holding on the sale of a 40% in Russian company NCC. 2021, the first ever green bond from Kazanci Group company. This was the unsecured term loan facility for Turkish Turkish Brewer, on its US$150m Mersin International Port to Australia’s > Türk Telekom on its €221m acquisition Turkey and only the second within the first IPO in Turkey under new regulations Airlines in order to finance in part the term facility agreement. IFM Investors for a reported value of 100% of the international wholesale CEEMEA region. of the Capital Markets Board. airline’s facilities at the new Istanbul > A leading bank on a US$80m facility of US$869m. business of Invitel International > Türk Eximbank (Türkiye Ihracat Kedi > Salomon Brothers International Ltd and Grand Airport. agreement between Holding > Anadolu Endüstri Holding A.Ş., Holdings BV. Bankasi A.Ş.) as issuer on its TSKB on the landmark IPO of İşbank. > Ticaret A.S. on its €60m increase A.Ş., Borusan Mannesmann Boru Sanayi the holding company of Turkish > Türk Telekom on a joint venture with US$1.5bn global medium notes > Türk Telekom on its TRY 2.4bn (approx in its existing senior facilities. ve Ticaret A.Ş., Borusan Lojistik Dagitim conglomerate Anadolu, and private Telefonica Germany. programme and on the subsequent US$2bn) privatisation by way of IPO by > Crédit Agricole Corporate and Depolama Taşımacılık ve Ticaret A.Ş. equity sponsor Bedminster on their sale > On the disposal of all shares in Odelo US$500m Series 1. 5.375% notes the Turkish Privatisation Administration Investment Bank on the purchase and Borusan Makina Servis ve Ticaret of Ana Gida to US agricultural products GmbH acquired by the Turkish due 2021 under the programme. of 52.5 billion shares. by the sixth compartment of the FCT A.Ş. and subsequent amendments to the trader Bunge Limited. Ana Gida is the Bayraktalar Holding A.Ş. from its interim > The lead manager and bookrunner on > On the TRY 365m international offering CAREPTA of variable interest rate loan facility agreement. owner of Komili, the leading olive oil shareholder, Team Treuhand GmbH. the US$500m 5.750% notes due 2025 of a global drinks manufacturer, listed receivables in an amount of €50m. > One of the mandated lead arrangers as brand in Turkey with retail market share > CimŞa on a potential acquisition in Europe. issued by Iletisim Hizmetleri A.Ş. on the Istanbul Stock Exchange. These receivables were originated by CA the agent and the security agent on the of more than 30%. > Eczacibasi on a potential acquisition > Arçelik A.Ş. on their issuance of €350m > The issuer/selling shareholder on the CIB as part of a purchase and lease- US$850m acquisition of the Cevahir > Aviva International Holding Limited on in EMEA. 3.875% notes due 2021 which are privatisation of Petrol Ofisi A.Ş. back transaction for Inc. Shopping Centre. the sale of its Turkish general insurance > Ciner Group on its proposed acquisition listed on the Regulated Market of the > Türkiye Garanti Bankası A.Ş. on the financing aircrafts. > The lender and lead arranger on four business, Aviva Signorta A.S., to a of 100% of the share capital of Evonik Irish Stock Exchange. This was the block trade off exchange principal-to- > Turkcell on all their international separate term loan facilities valued at private equity consortium led by EMF Steag GmbH, Germany’s fifth largest first Euro-dominated bond issuance by principal block trade of ordinary shares. banking matters. €360m for a global drinks manufacturer Capital Partners. energy company. Arçelik, the largest household appliance > On the US$124m global IPO of common > The lenders on a loan to Yilport to and its subsidiaries operating in Jordan, > Borsa İstanbul on its strategic > Turkish Airlines on the incorporation manufacturer in Turkey. shares and listing on the Istanbul Stock finance its acquisition of a portfolio Kazakhstan and the Netherlands. partnership with the NASDAQ OMX of SunExpress Deutschland GmbH, > Türk Telekom A.Ş. on the issuance of Exchange of DenizBank A.Ş. of Portuguese port terminals. > The lender and lead arranger on Group and on the purchase of a 10% a joint venture set up with Deutsche US$500m 3.75% notes due 2019 and > The lead managers on the US$321.5m > The lender on a loan to a Turkish the US$110m unsecured facility for stake in Borsa İstanbul by EBRD. Lufthansa AG. US$500m 4.875% notes due 2024. international offering of TAV Havalimanları financial institution, secured against a Alghanim İzolasyon Yatırım A.Ş. (Turkey) > Majority shareholders of A.Ş. This transaction was Türk Telekom’s portfolio of receivables. and Yusuf Ahmed Alghanim & Sons WLL Highlights of our capital markets Holding A.Ş., listed on the Istanbul on their shareholders’ arrangements inaugural issuance in the bond markets, (Kuwait) guaranteed by Yusuf. experience include advising: Stock Exchange. > Almatis B.V., a subsidiary of OYAK Group, with EBRD, IFC and the Abraaj Group we previously advised them on their IPO on the refinancing of its existing loans. > On a €240m credit facility for Türk > Turk Eximbank as issuer on its Reg > The managers in the international share following the acquisition by EBRD, in 2008, involving the sale of shares in the offering of Uzel Makina. > Yıldız Holding on the financing for the Ekonomi Bankası A.Ş. as borrower. IFC and Abraaj of minority interests S/144A issue of US$500m 8.25% Turkish Treasury, as well as on the aborted notes due 2024. > A leading bank on the equity placing acquisition of United Biscuits. > The arrangers and the lenders on a €70m in Fibabanka. secondary public offering in 2013. syndicated facility for Arkas Spain S.A. > Turkcell Iletisim Hizmetleri A.Ş. as issuer in connection with reverse listing in > Vodafone Group Plc as borrower on the > Caffè Nero Group on their acquisition > Merrill Lynch Intl and Halk Yatirim on London of Genel. €400m financing of the network overhaul Arkas Spain S.A. is a Spanish subsidiary on its Reg S/144A issue of US$500m the US$1.6bn secondary public offering of a 50% interest in the joint venture > The managers on the international share and capacity increase of its subsidiary, of Arkas Holdings A.Ş., a Turkish based 5.800% notes due 2028. of shares of . This was the company in Turkey from its joint venture offering of Finans Bank A.Ş. Vodafone Telekomünikasyon A.Ş. shipping, shipping operations, agency > ENERGO-PRO a.s. as issuer on its largest share offering in the real estate partner – a Turkish private equity firm, > The lender on the US$500m secured and logistics company. €250m 4.50% bonds due 2024 sector in Europe in over five years and > Schroder Salomon Smith Barney on the Infinity Invest Holding. portfolio loan for Turkiye Garanti Bankasi. guaranteed by ENERGO-PRO Georgia the largest offering of new shares in international secondary offering by Türkiye Highlights of our project finance > Deceuninck on its TRL 57.7m Petrol Rafinerileri A.Ş. (Tüpraş II). > The mandated lead arranger and the experience include advising: acquisition of leading Turkish PVC Generation JSC, ENERGO-PRO Georgia Emerging Europe, the Middle East and > The lead manager on the US$120m lender on the €15m term loan facility > On the project financing oftwo onshore window profile producer Pimas. JSC, ENERGO-PRO Varna EAD and Africa (including Turkey) in 2013. Resadiye Hamzali Elektrik Üretim San. international offering by AK Enerji for Doğan TV Holding A.Ş., the holding wind farms with a planned total installed > Linde AG in its acquisition of Turkey- > On the IPO aspects of a complex ve Tic. A.Ş. Elektrik Üretimi Otoproduktor. company of the Doğan TV group. capacity of 70MW in Turkey. based Karbogaz Karbondioksit ve. divestment by a private equity firm by > ABN AMRO Bank on the international > Fortis Bank on the restructuring of > The sponsors on the US$700m Kurubuz Sanayi A.Ş. from the Aytemiz > Türkiye Sınai Kalkınma Bankası A.Ş. as way of a “dual track” trade sale by TPG offering by Elektronik Sanayi ve a term loan facility for Doğan Yayın construction of the 480MW Marmara family; and its acquisition of Birleşik issuer on the update of its US$1.4bn of leading drinks producer Mey İçki Ticaret A.Ş. Holding A.Ş. Ereğlisi power project on a BOT basis Oksijen Sanayi A.Ş. from Koç Group. global medium term note programme Sanayi ve Ticaret. and its issue of US$350m 5.50% notes > Salomon Brothers International Ltd/ > On the US$100m term loan to partially incorporating multi-sourced export credit > VERBUND AG, the largest Austrian > On the US$712m IPO of real estate due 2023 under its US$1.4bn global Garanti Securities on the initial public fund Saudi Oger’s equity participation in and commercial bank debt funding. energy utility, on the sale of its investment company Emlak Konut. It medium term note programme. offering by the Turkish Privatisation Türk Telekom. > The sponsors (International Power, Turkish business to E.ON SE and the was the largest IPO in Turkey in 2010. Administration of shares in Tüpraş. > Türkiye Sinai ve Kalkinma Bankasi A.Ş. Bayındır & Mimag) on the US$700m simultaneous acquisition of E.ON’s > Türkiye Sınai Kalkınma Bankası A.Ş., > Arçelik A.Ş. on its US$500m issue of on a US$100m financing. development of the Ankara Baymina participation in a number of hydro the Turkish development and 5% senior unsecured notes due 2023. > Robert Fleming & Co. Limited on the BOO 770MW CCGT power project and power plants in Germany and Austria. investment bank, on the issuance of > The lead managers on the US$150m 5% international offering by Türk Ekonomi > On three term facilities for the US$300m fixed rate resettable tier 2 Bankası A.Ş. (TEB). shareholders of TAV: US$76.5m facility sale to Tractebel. > Aksa Akrilik Kimya Sanayii A.Ş. on bonds due 2018 issued by BankPozitif. sustainable notes due in 2027, the first for Akfen Holding A.Ş.; US$13.5m > EBRD, EIB, IFC, DenizBank and a aspects of its US$750m carbon fibre > The lead managers on the US$1.8bn > Credit Suisse Securities (Europe) ever tier 2 sustainable bond. facility for Sera Yapı Endüstrisi ve Ticaret leading bank on the project financing joint production joint venture with the IPO by Türkiye Halk Bankası A.Ş. Limited on the international offering > Türkiye Sınai Kalkınma Bankası A.Ş. as by Yapı Kredi Koray, a Turkish REIT. A.Ş.; and US$90m facility for Tepe of Rotor Elektrik, a €220m windfarm Dow Chemical Company. > Birleşik Mağazalar A.Ş. on its issuer on its US$750m global medium İnşaat Sanayi A.Ş. being developed by the Zorlu group US$170m IPO. > The lead manager on the TRY 478m Outbound M&A term note programme including all ArcelorMittal accelerated bookbuilt > Credit Agricole and Bank of America in Osmaniye, Turkey. This is the first > The joint lead managers on the offering > OYAK on the acquisition of Cimpor drawdowns and updates. offerings of shares and issue of warrants Merrill Lynch on four credit facilities internationally financed wind farm in by Tüpraş of its US$700m 4.125% Portugal, SGPS, S.A., the largest cement > The lead managers on the Rule 144A in Ereğli Demir ve Çelik Fabrikaları. valued at US$150m for a global Turkey and the first time that EIB has notes due 2018. group in Portugal, and its subsidiaries US$700m 4.125% notes due 2018 drinks manufacturer. lent to a project of this kind in Turkey. from InterCement. issued by Tüpraş. “This excellent > TAV on the structured refinancing > Doğuş Holding on their joint venture > The lead managers on the US$700m of Istanbul Atatürk and Ankara acquisition of the company owning the international firm Esenboğa Airports. 4.125% unsecured and unsubordinated “Remains widely regarded as a top international Athens Hilton. notes due 2018 issued by Turkiye Petrol knows how to operate > The lenders on the financing of the > Koc Holding on a number of Rafinerileri A.Ş. regionally and in choice for high-profile projects in Turkey, acquisition by Limak of the concession (confidential) projects. and the upgrade of the İskenderun Port. e m erging m arkets.” using its London office as a hub for its vast network of projects and energy expertise.” > Chinese and Turkish lenders on the Chambers Global 2017, Corporate/M&A: US$1.3bn ECA backed and commercial Turkey (desks based abroad) Chambers Europe 2015, Projects and energy: Turkey (desks based abroad) facilities for the Ayas Power Plant.