White & Case and its Turkish affiliate GKC Partners have advised Turkiye Wealth Fund on its sale of a 1.53% stake in VakifBank. Paksoy advised the sole global coordinator and bookrunner, Merrill Lynch International.
According to GKC Partners, "the transaction raised approximately USD 100 million through an accelerated bookbuilding process to international institutional investors. Merrill Lynch International acted as the sole global coordinator and bookrunner on the offering."
"The transaction was settled through an off-exchange trade on September 19, 2025, at a price of TL 27.07 per share," Paksoy's press release stated.
Turkiye Wealth Fund is an asset-backed development fund and the strategic investment arm and equity solutions provider of the Republic of Turkiye.
The GKC Partners team was led by Counsel Derin Altan and included Associate Muhammed Asula.
The Paksoy team was led by Partner Omer Collak and included Counsel Merve Kurdak.
