General Atlantic, a leading global growth equity firm, has co-led a USD 1.5 billion funding round alongside SoftBank Vision Fund 2, as well as Princeville Capital and sovereign wealth funds, ADQ (UAE) and Qatar Investment Authority for Trendyol, Turkey’s leading e-commerce platform. The funding round makes Trendyol the only “decacorn” in Turkey, valuing Trendyol at USD 16.5 billion.

Paksoy is pleased to announce that a team led by Elvan Aziz (partner) together with Hazal Korkmaz (senior associate) and Yeşeren Sözüer, LL.M. (associate) acted as Turkish counsel to General Atlantic on this transaction.

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This is for information purposes; it is not legal advice. As laws and their interpretation may change, please consult Turkish legal counsel to confirm the current position and obtain advice tailored to your circumstances before making any decision or taking action in relation to your matter in Türkiye. All rights reserved.


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