BASEAK’s Corporate and M&A and Competition and Regulatory teams successfully advised Bridgepoint  Advisers Limited ("Bridgepoint") on its acquisition of Peyman Kuruyemiş San. ve Tic. A.Ş. ("Peyman"), a Turkish dried fruit, nuts and seeds producer, from its founders and Esas Holding.

Bridgepoint is a major international private equity group focused on investing in market-leading businesses, working with management teams to create and realize value within its portfolio companies.

Peyman is an Istanbul-based company, which exports to more than 30 countries, primarily in the Middle East, the Balkans and Central Asia.  It is a leading FMCG player in the Turkish snack food market focusing on the highest growth sub-segment — dried fruits, nuts and seeds ('DFNS') — which a Bridgepoint press release describes as "an essential part of Turkish diet and culture.” According to Bridgepoint, Turkey is amongst the largest producers and consumers of DFNS globally, with the segment estimated to be worth over €2 billion a year in Turkey alone.

BASEAK performed a comprehensive legal due diligence review on the target company, prepared a legal due diligence report, drafted the Share Purchase Agreement and other agreements and assisted in the closing formalities.  The Firm’s Competition and Regulatory team assisted in the competition filing before the Turkish Competition Authority.

The BASEAK team working on the Corporate and M&A side of the deal consisted of Senior Partner Galip M. Selçuk and Associates Selahattin Kaya, Idil Tumer, and Onur Yorgun. The BASEAK Competition and Regulatory team consisted of Partner Şahin Ardıyok, Senior Associate Belit Polat, and Associate Elif Duranay.

About Balcıoğlu Selçuk Eymirlioğlu Ardıyok Keki Attorney Partnership

Balcıoğlu Selçuk Eymirlioğlu Ardıyok Keki Attorney Partnership is an Istanbul-based full-service law firm led by almost 100 experienced professionals since 2007, each well equipped to provide creative and diligent transaction counselling and cutting-edge legal services. We advise national and multinational clients, including Fortune 500 companies on corporate and M&A, banking and finance, capital markets, competition and antitrust, public policy and regulation, employment and labor, project finance, real estate and construction, infrastructure and PPPs, franchising and distribution, trade, WTO and customs, intellectual property, data and technology, data protection, privacy and cybersecurity, arbitration, litigation and dispute resolution, and tax matters.