GKC Partners and White & Case advise Türkiye Wealth Fund on sale of strategic stake in VakıfBank

Global law firm White & Case LLP and GKC Partners have advised Türkiye Wealth Fund (TWF) on the successful sale of a 1.53 percent stake in VakıfBank, one of Türkiye's leading state-owned lenders.

The transaction raised approximately US$100 million through an accelerated bookbuilding process to international institutional investors. Merrill Lynch International acted as sole global coordinator and bookrunner on the offering.

Türkiye Wealth Fund is an asset-backed development fund and the strategic investment arm and equity solutions provider of the Republic of Türkiye.

The GKC Partners team in Istanbul was led by counsel Derin Altan and included associate Muhammed Aşula. White & Case has a professional association with Istanbul-based GKC Partners.