Paksoy, working with Linklaters' Brussels office, has advised Ontex Group on the sale of its Turkish subsidiary Dilek Grup. Peynircioglu Erem advised the buyers.
The transaction remains contingent on regulatory approval.
According to Paksoy, the subsidiary in question covers Ontex Group's operations in Turkiye, associated export business, and manufacturing facility in Istanbul.
Dilek Grup is a distributor of fast-moving consumer goods in Turkiye and neighboring countries.
The Paksoy team included Partners Elvan Aziz and Togan Turan, Senior Associate Kansu Aydogan Yesilaltay, and Associate Mine Hazal Senol.
The Peynircioglu Erem team included Founding Partners Evrim Peynircioglu and Seref Erdem Eren.
