Esin Attorney Partnership, a member of Baker & McKenzie International and Baker McKenzie advised Marubeni on its acquisition of a 45.5% interest in Saide Tekstil Sanayi ve Ticaret Anonim Şirketi (Saide), an apparel company in Turkey, in the largest ever investment by Marubeni's apparel department. Saide has a planning office in London, and has been rapidly expanding its sales in the European market by providing customers with products designed to reflect the latest global trends with short lead times.

By investing in Saide, Marubeni will optimize and combine the planning, production and sales channels of both companies and leverage the resulting synergies to shorten lead times for its existing Asian customers, thereby expanding sales worldwide in lifestyle-related markets expected to grow alongside increasing populations and economic development.

The Firm’s team was led by Mergers & Acquisitions partner Duygu Turgut  in Istanbul and Mina Arai-Ito, the head of the Firm’s Middle East & Africa Focus Group in Tokyo. They were supported by associates Orcun Solak (Istanbul), Serenay Çınkı (Istanbul) and Seiji Tomimoto, an associate currently seconded to the Istanbul office.

Duygu Turgut had the following comments about the deal; "The textile sector in Turkey is recovering after the economic crisis of 2001. We are happy to complete this transaction, which is indicative of the rising Japanese investor interest in Turkey." Mina added "We're delighted to have been able to help Marubeni acquire a 45.5% interest in Saide. The transaction required close coordination between our Tokyo and Istanbul legal teams over a tight time frame to achieve a successful outcome." 

The financial advisor of the buyer Marubeni is Deloitte Tokyo office and the legal and financial advisors of the sellers are respectively, Akol Law firm and Raiffeisen Investment.
 
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