Startup acquisitions in Turkey are no longer niche transactions. Türkiye’s official investment materials describe the local startup ecosystem as supported by business angel networks, venture capital and private equity funds, accelerators, technoparks, mentors, and government agencies. The same official source states that Türkiye’s startup ecosystem produced six unicorns since 2020 and attracted USD 5.6 billion […]
In Turkish deal practice, a non-compete clause is often one of the most heavily negotiated parts of the transaction documents. Buyers usually argue that they are not only acquiring shares or assets, but also the target’s customer base, goodwill, know-how, management relationships, and market position. Sellers, on the other hand, usually want enough freedom to […]
In Turkish M&A transactions, price is rarely just a number written into a share purchase agreement. In practice, the real debate is usually about how that number is calculated, when it becomes final, and which risks remain with the seller or pass to the buyer between signing and closing. This is why locked-box and completion […]
Earn-out mechanisms have become one of the most practical pricing tools in Turkish M&A transactions, especially where the buyer and seller disagree on valuation, future growth, customer retention, EBITDA quality, or the real sustainability of the target’s business after closing. In simple terms, an earn-out allows part of the purchase price to be paid later […]
In Turkish M&A practice, signing is often the easy part. The more difficult phase begins after closing, when the parties start testing whether the business, assets, contracts, compliance status, and financial position of the target actually match the assumptions built into the deal documents. That is why post-closing disputes in Turkish M&A deals are so […]
Cross-border mergers and acquisitions involving Turkish companies continue to be one of the most important channels for foreign investment into Türkiye. The Turkish Competition Authority’s 2025 M&A Overview Report states that foreign investors planned investments in Türkiye-based companies through 55 separate transactions in 2025, with a notified value of about TRY 277.5 billion, while the […]
Real estate is often one of the most misunderstood value drivers in Turkish M&A. In some deals, the target’s most important assets are factories, logistics sites, hotels, retail units, offices, energy facilities, tourism land, warehouses, or development plots. In others, the target may look like a brand or operating business, yet the real estate under […]
In Turkish M&A practice, intellectual property due diligence is rarely a side exercise. In many deals, it is one of the main drivers of price, structure, post-closing integration, and indemnity allocation. This is especially true in technology, consumer goods, manufacturing, media, e-commerce, healthcare, life sciences, SaaS, gaming, franchising, and export-oriented businesses, where the target’s value […]
In Turkish M&A practice, one of the most misunderstood issues in an asset acquisition is the transfer of commercial contracts. Buyers often assume that if they purchase a business line, a factory, a distribution network, or a going concern, the customer contracts, supplier arrangements, lease relationships, service agreements, and operational commitments will simply “follow” the […]
Employment law is one of the most important legal workstreams in any merger or acquisition involving a Turkish target. In many transactions, buyers initially focus on price, tax, regulatory approvals, and corporate control. Yet in practice, a poorly managed employment-law analysis can create post-closing liabilities that are just as serious as tax exposure or merger-control […]