KST Law (Kinstellar) is delighted to have advised Honeywell on the Turkish law aspects in connection with its sale of its Personal Protective Equipment (“PPE”) business to Protective Industrial Products ("PIP") for USD 1.325 billion, an all-cash transaction. PIP is a global supplier and manufacturer of PPE products and a portfolio company of Odyssey Investment Partners and this strategic move is reinforcing PIP’s global positioning in the PPE market. Congratulations to our team led by Partners Emre Özer and Mert Elçin, with key involvement from Senior Associate Sıla Şaylı and Associates Helin Akbulut and Tuğberk Çakırca, for their outstanding efforts and dedication. Our colleagues Partner Viliam
KST Law (Kinstellar) is proud to have advised Eleven Fund III Cooperatief in its equity investment in Bitloops, a software development company with subsidiaries in Greece and Cyprus. Bitloops is an AI-powered front-end companion in VS Code that transforms designs into high-quality, maintainable codes. The investment round was led by Eleven Ventures with participation from Corallia Ventures and several angel investors. This funding will help Bitloops improve how teams turn Figma designs into high-quality, scalable, and maintainable code while maintaining engineering standards. Special thanks to the KST Law/Kinstellar team led by Partner Emre Özer, including Associates Helin Akbulut and Tuğberk Çakırca
KST Law (Kinstellar) is proud to have advised Allison Transmission Holdings on Turkish and Hungarian law aspects in connection with its entry into a definitive agreement to acquire the Off-Highway business of Dana Incorporated, a global leader in propulsion and energy-management solutions for vehicles and machinery across all mobility markets, for approximately US$2.7 billion. Special thanks to the KST Law (Kinstellar) team in Istanbul led by Partner Emre Özer, including Associates Helin Akbulut, Nihal Dilan Cantürk and Tuğberk Çakırca, for their invaluable contribution in making this transaction a success. Kinstellar's team in Budapest consisting of Partner Gábor Gelencsér, Counsel Mónika Frank, Senior Associate
KST Law (Kinstellar) is excited to have assisted Felix and Balderton in their investment in Agave Games, the creators of Find My Cat, securing a significant EUR 18 million Series A funding round. This investment highlights the growing potential of the gaming sector and underscores Agave Games' innovative approach to mobile gaming. We worked in close collaboration with Mariott Harrison, led by partner David Strong and trainee solicitor Zeki Turgut. It has been a pleasure working alongside Felix and Balderton on this important milestone. A special thanks to the KST Law team—our partner Emre Özer and associates Sıla Şaylı and Hatice Nur Arslan—for their invaluable contribution in making this transaction a
Kinstellar and KST Law are delighted to have advised Quexco Incorporated, a US-based diversified, private holding company with investments in the lubricants space and a rich history, previously operating in the battery industry, on its acquisition of Mutlu Akü, one of the major auto battery manufacturers in Türkiye, and owner of a waste battery recycling facility, from Metair International Holdings Coöperatief U.A. (a member of Metair Group, a South African listed company). The team was led by Partner Emre Özer, supported by Senior Associate Şeyma Olğun, and Associate Sıla Şaylı. Kinstellar worked in close collaboration with Bowmans, as to South African law, throughout the transaction. Completion of
Kinstellar and KST Law are delighted to have advised Eleven Fund III Cooperatief, a multi-strategy growth fund, on its US$1.1 million in seed investment in Magfi, a SaaS platform based in Istanbul. Magfi enables seamless advertising across Telegram and Discord communities using machine learning and AI. The investment will support Magfi's planned expansion into the Brazilian market. Kinstellar operates in Turkey in cooperation with KST LAW, a full-service corporate law firm based in Istanbul.
KST Law / Kinstellar are proud to have advised Grupo Antolin, a leading global car interior manufacturer, on the sale of 45% stake in the Turkish joint venture Ototrim to its JV partner Diniz Holding. Following this transaction, Antolin will retain a 5% stake in the joint venture and continue its collaboration with Diniz Holding. The transaction is pending approval from the Turkish Competition Authority. Our team was led by Partner Mert Elçin, with support from Associates Sila Özge Sayli and Osman Tugberk Çakirca.