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Frequently Asked Questions
How long does an M&A deal take in Türkiye?
A mid-market acquisition typically runs three to six months from term sheet to closing: four to eight weeks of due diligence, four to six weeks of SPA negotiation, and a closing period driven by conditions precedent such as Competition Authority clearance or sectoral approvals.
When is Turkish Competition Authority approval required?
A merger filing is mandatory when the parties’ Turkish turnovers exceed the thresholds under Communiqué No. 2010/4. For acquisitions of technology companies active in Türkiye, the local-turnover thresholds are largely disapplied — so most tech acquisitions require a filing regardless of the target’s size.
What is the difference between a share deal and an asset deal?
In a share deal the buyer acquires the company itself, with all assets and liabilities. In an asset deal the buyer selects specific assets and leaves the rest behind. Asset deals can limit inherited liabilities but trigger per-asset transfer formalities, employee-transfer rules, and usually less favourable tax treatment in Türkiye.