Van Campen Liem and YukselKarkinKucuk assisted the Stryker Corporation with the acquisition of all the shares in Muka Metal A.S. Balcioglu Selcuk Akman Keki (BASEAK), the Turkish arm of Dentons, advised Murat Kantarci and other shareholders of Muka Metal on the deal, as well as on post-closing service arrangements between some of the shareholders and Muka Metal.
Established in 1966 and headquartered in Kayseri, Turkey, Muka sells hospital beds, stretchers, and related patient room furniture and accessories that serve markets across Turkey and other regions globally.
The Stryker Corporation is a medical technology company that offers a range of products and services in orthopaedics, medical and surgical, and neurotechnology and spine. Stryker shares are traded on the New York Stock Exchange. The company, which has more than 26,000 employees, announced a USD 1.1 billion net profit in 2014.
“The acquisition of Muka aligns with our strategy to expand our global presence through existing channels with an established and trusted brand,” said Timothy Scannell, Stryker Group President, MedSurg and Neurotechnology. “This acquisition will bolster Stryker Medical’s bed and stretcher offerings, and is a compelling opportunity to drive growth in Turkey and other regions around the world.”
The Van Campen Liem team consisted of Cees Kersten, Wouter Casteleijn and Gert-Jan Smit.
The YKK team was led by Cuneyt Yuksel, the firm’s Co-Managing Partner, and included Associates Elifcan Argun, Ozlem Altay, and Betul Tugce Kaya.
The BASEAK team was led by Partner Dogan Eymirlioglu, assisted by Senior Associate Tulu Harsa and Associate Ali Can Goren.
