Paksoy has a highly active project finance team that has a strong track record in advising lenders, sponsors, project companies, institutional investors, contractors and operators on projects in the infrastructure, energy, mining commercial property, housing, and healthcare sectors. Head of banking and finance, project finance, and energy and natural resources Sera Somay is particularly well known for her work on internationally financed power projects, acting for both international and local lenders, as well as for Turkish borrowers.
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Key clients
- AKA Bank
- ASAŞ Alüminyum
- Bayern LB
- Borusan Lojistik
- DZ Bank
- European Bank for Reconstruction and Development (EBRD)
- ING Bank
- Samsung C&T, KDB Infrastructure Investment, Korea Overseas Infrastructure & Urban Development
- Unicredit Bank
Work highlights
- Advised a Korean consortium of Samsung C&T and Korean sovereign wealth funds KDB Infrastructure Investment (KIAMCO) and Korea Overseas Infrastructure & Urban Development (KIND) on their investment in the project company developing the Nakkaş Motorway Project, to form a joint venture with Rönesans Holding.
- Advised ING Bank N.V. and other international lenders in respect of Finnvera (Export Credit Agency)-backed financing to a Turkish company being a member of a large conglomerate in Türkiye.
- Advised EBRD on a transaction including loan facility to be utilised by Enerjisa Enerji A.Ş. which to be ultimately used for improvements of operations of several electricity distribution companies and electricity retail companies.
Practice head
The lawyer(s) leading their teams.
Sera Somay