Global law firm White & Case LLP and GKC Partners have advised Softbank Vision Fund II on its investment as lead investor in the Series D financing of e-commerce platform Trendyol.
"This is once again an exciting investment by Softbank in a company at the forefront of an industry accelerated by COVID-19," said White & Case partner Dan Turgel, who co-led the Firm's deal team. "Our role advising on this deal follows our work with Softbank on a number of high profile investments and highlights White & Case's experience in delivering transactions in the technology sector."
Founded in 2010, Trendyol is the leading e-commerce platform in Turkey serving over 19 million customers.
White & Case partner Emre Ozsar, who co-led the Firm's deal team, said: "This investment was particularly important to us as we were able to demonstrate our on-the-ground capabilities. It also highlights the continuous interest of reputable foreign investors in the Turkish e-commerce and technology sector, in which White & Case plays a leading role."
White & Case has a professional association with Istanbul-based GKC Partners. The team which advised on the transaction was led by partners Dan Turgel (London) and Emre Ozsar (Istanbul), with support from partners Jonah Anderson, Tim Hickman and Marc Israel (all London), associates Helen Pantelides, Francis Brown, Joe Devine, Mhairi Fraser, Luc Rosenberg (all London), Tolga Tezel, Gokcen Durgut and Selin Kaledelen, and competition advisor Sezin Elçin-Cengiz (all Istanbul).
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