Vircon Legal advised Alphatik on its investment round led by Cyrus Capital Partners, L.P. The round closed on 3 March 2019. The size and detailed terms of the transaction were not disclosed at the request of the parties.
The transaction was structured around the participation of an institutional venture investor with cross-border experience, which introduced the typical complexity associated with international capital entering a Turkish operating company: jurisdictional analysis, holding-structure considerations, governance and reserved-matter alignment, foreign-direct-investment notice obligations, and post-closing reporting frameworks. Rounds with this kind of investor profile carry meaningful structuring weight from the outset; getting documentation, control mechanics and information rights correctly aligned at closing avoids friction in subsequent rounds and any later exit process.
Vircon Legal advised on transaction structuring, subscription and shareholder documentation, board and reserved-matter design, investor information rights, founder commitments and the post-closing corporate housekeeping required following the change in shareholder composition. International investor rounds executed at this stage benefit substantially from a coordinated approach across corporate, tax and regulatory workstreams — Vircon Legal’s integrated M&A, Startup Law and Investment Management teams handle these workstreams from a single point of accountability.
Cyrus Capital Partners, L.P. is a New York–based institutional investor with a long-running track record across alternative-credit, special-situations and venture-equity strategies. The fund’s interest in a Türkiye-headquartered company at this period reflected the broader pattern of institutional cross-border capital deploying into Turkish technology companies through bespoke structures during the late-2010s.
This transaction is one of the earlier institutional cross-border rounds Vircon Legal advised on, and it sits alongside our wider track record of supporting Turkish founders through international capital introductions, secondary structures and full exits.
