Can Tolga Tezel

Local Partner, Istanbul

Biography

“Can Tolga Tezel is a very good lawyer; he is always very calm, and was always very reachable and extremely hard-working. It was very clear that Tolga was also very experienced in M&A transactions, and I was impressed with his legal capabilities and knowledge too.”

“Tolga is very experienced, and he is a great technical lawyer.”
The Legal 500 - Türkiye

Overview

Tolga mainly focuses on advising major international and foreign corporations in their cross-border M&A deals, and general corporate and commercial law matters. Tolga serves clients in many different sectors, including financial services, insurance, e-commerce, real estate, energy, healthcare and food/beverage, among others.

Bars and Courts
Istanbul Bar Association
Education
LLB
Galatasaray University

Faculty of Law

Languages
English
French
Turkish
For Turkish law matters, White & Case works with GKC Partners in Istanbul.

Experience

Aksa Enerji Üretim A.Ş., an electricity production company listed on Borsa İstanbul, in its indirect acquisition of the shares representing (on a fully diluted basis) 51% of the share capital of NDAR Energies S.A., a project company which will be developing and constructing a power plant near Saint Louis, Senegal.

Zurich Sigorta A.Ş., the Turkish subsidiary of Zurich Insurance Company Limited, which is a leading multi-line insurance provider with a global network of subsidiaries and offices in Europe, North America, Latin America, Asia-Pacific and the Middle East, in its acquisition of the shares representing 99.7778% of the share capital of Mapfre Yaşam Sigorta A.Ş., which is engaged in life insurance business in Türkiye, from Mapfre Sigorta A.Ş. 

Mosaic Syndicate Services Limited, a renowned next-generation global specialty insurer, in its warranty and indemnity insurance underwriting process in relation to the acquisition of the shares representing 53% of the share capital of Mikro Yazılımevi Yazılım Hizmetleri Bilgisayar Sanayi ve Ticaret A.Ş., one of Türkiye's popular software solutions companies, by TeamSystem S.p.A., a company active in software solutions for small and midsize enterprises.

Mid Europa Partners, a leading buyout investor focused on the growth markets of Central & Eastern Europe, in its sale of the shares representing 90% of the share capital of Özel Kent Sağlık Hizmetleri ve Malzemeleri Sanayi Ticaret A.Ş., to Acıbadem Sağlık Hizmetleri ve Ticaret A.Ş., one of the leading healthcare providers in Türkiye.

Wren House Infrastructure Management Ltd., the infrastructure investment vehicle of the Kuwait Investment Authority, in its approximately US$100 million acquisition of: 

  • the shares representing 12.34% of the share capital of Zorlu Enerji Elektrik Üretim A.Ş., an electricity production company listed on Borsa Istanbul, from Zorlu Holding, a holding company engaged in textiles, electronic, energy and finance sectors among others; and
  • the shares representing 50% plus one share of the share capital of the company holding the ZES Group companies, the electric vehicle charging business of Zorlu Holding, from Zorlu Enerji Elektrik Üretim A.Ş.

Liberyum Danışmanlık Bilgi Teknolojileri Ticaret A.Ş., in its acquisition of the shares representing the entire share capital of Rabobank A.Ş., a Turkish bank providing services to corporate clients, from Rabobank International Holding B.V.

ZIP International Holdings PTY LTD, an affiliate of Zip Co Limited, a global leader in digital retail finance and payment systems, operating in various countries including Australia, Canada, India, Mexico, New Zealand, the United Kingdom and the USA, in its acquisition of the shares representing 60% of the share capital of Hemenal Finansman A.Ş., a consumer financing company incorporated and operating in Türkiye, from OYAK Portföy Yönetimi A.Ş. as the founder and authorized manager of OYAK Portföy Yönetimi A.Ş. Dördüncü Girişim Sermayesi Yatırım Fonu.

Yemeksepeti, the Turkish subsidiary of Delivery Hero, world's leading local delivery platform operating in over 50 countries across Asia, Europe, Latin America, the Middle East and North Africa, in its acquisition of the shares representing the entire share capital of Marketyo Bilişim Teknoloji A.Ş., an online shopping platform providing local supermarkets with the opportunity to do their business online.

Softbank Vision Fund in its approximately US$400 million investment in Trendyol, one of Türkiye's leading e-commerce platforms, whose majority shareholder is Alibaba Group. With the total funding of US$1.5 billion provided by other investors, this transaction made Trendyol Türkiye's largest start-up after fund-raising and a first "decacorn" with a valuation exceeding US$10 billion.

TFI TAB Gıda Yatırımları A.Ş. and its founder shareholders Kurdoğlu family in their transfer of the shares representing 14.78% of the share capital of TFI to Goldman Sachs, EBRD and Credit Suisse.

Aydıner İnşaat A.Ş. in its acquisition of the shares representing 75% of the share capital of Agron Turizm ve Ticaret A.Ş., a Türkiye-based owner of Xanadu Island Hotel, through a debt equity swap, increasing its shareholding in Agron to 95%.

Qatar Investment Authority, a sovereign wealth fund of the Gulf state, in its acquisition of the shares representing 10% of Borsa Istanbul, Türkiye's stock exchange, from Türkiye Wealth Fund, its majority shareholder.

Zurich Insurance, a leading multi-line insurer that serves its customers in global and local markets, in its re-establishment of a long-term exclusive non-life bancassurance relationship with Türk Ekonomi Bankası A.Ş., one of Türkiye's oldest and most deeply-rooted financial institutions.

Awards and Recognition

"Rising Star"
The Legal 500, Türkiye 2022 & 2023

"Can Tolga Tezel is a very good lawyer; he is always very calm, and was always very reachable and extremely hard-working. It was very clear that Tolga was also very experienced in M&A transactions, and I was impressed with his legal capabilities and knowledge too."

"In addition to Emre Özşar, who is the best M&A lawyer I have worked with, I would mention Can Tolga Tezel who is a senior member of Emre's team. Tolga is very experienced, and he is a great technical lawyer."
The Legal 500, Türkiye 2023

"Praised for its 'exceptional service and thorough legal advice', the practice at GKC Partners (in professional association with White & Case) advises clients across industry sectors including gaming, financial services and real estate. The department is headed by Emre Özşar, who earns plaudits for being a 'good communicator and negotiator'. Senior associate Can Tolga Tezel, who is 'responsive, solution-oriented and easy to work with."

"The team at GKC became an integral part of the overall deal team. They were not only external advisors, but felt like a part of the team. They were always willing to go above and beyond. I would specifically mention Emre Özşar, Tolga Tezel, İrem Kürkçü and Gökçen Durgut for their exceptional service and thorough legal advice."
The Legal 500, Türkiye 2022