Global law firm White & Case LLP has advised the lenders and the hedging banks, including SMBC, BTMU, Siemens Bank and Intesa Sanpaolo, on the €150 million financing of a 475-bed hospital public-private partnership (PPP) in Yozgat, Turkey.
The consortium in charge of the financing, design, construction and operation of the new campus includes, notably, global investor and asset manager Meridiam and Rönesans, which is focused on construction, real estate investment, energy generation, health and education. This partnership follows the integrated healthcare campus PPP in Adana, Turkey, which signed during December 2014 and was the first social infrastructure PPP project in Turkey to reach financial close. White & Case advised the lenders on that transaction.
The Yozgat project fully meets EBRD's performance criteria and social and environmental guidelines of the World Bank. It is a part of the medical infrastructure modernization campaign in Turkey, with plans to create at least 24,000 hospital beds in the years ahead through PPPs.
The White & Case team which advised on the transaction included partners Victoria Westcott, Jacques Bouillon (both Paris) and Çağdaş Evrim Ergün (Ankara), counsel François-Guilhem Vaissier (Paris) and associates Craig Steinberg, Elaine Porter, Olivier Le Bars, Charlène Ntsiba, Kenza Bounjou (all Paris), Nigar Gökmen and Naz Bandik (both Ankara).
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