We are happy to announce that our Firm advised Fiba Group on its acquisition of 50% shares of Sportive Spor Malzemeleri Ticaret Anonim Sirketi through Fiba Retail (which holds significant brands such as Marks&Spencer, GAP, Forever 21 under its retail umbrella) and the establishment of a joint venture together with Is Private Equity, the venture capital investments arm of Isbank Group.

Our Partner heading the Corporate and M&A practice of our Firm, Galip M. Selcuk led the transaction together with counsel Ali Can Gören and associates Muge Atalay, Ahsen Melda Arabaci and Simge Yilmaz. Our Partner Bora İkiler together with Of Counsel Barış Yüksel and Senior Associate Mehmet Salan also took part in the Transaction in relation to the competition law aspects.

Sportive is one of Türkiye's leading 360-degree active sports companies and operates through online sales and physical stores. Fiba Group and Isbank Group together aim to take a major step not only for their own business growth but also for Türkiye’s sports retail sector considering both groups’ great experience and knowledge in the retail market.

We are proud to have been a part of this Transaction starting from the due diligence process and to a successful closing.

About Balcıoğlu Selçuk Eymirlioğlu Ardıyok Keki Attorney Partnership

Balcıoğlu Selçuk Eymirlioğlu Ardıyok Keki Attorney Partnership is an Istanbul-based full-service law firm led by almost 100 experienced professionals since 2007, each well equipped to provide creative and diligent transaction counselling and cutting-edge legal services. We advise national and multinational clients, including Fortune 500 companies on corporate and M&A, banking and finance, capital markets, competition and antitrust, public policy and regulation, employment and labor, project finance, real estate and construction, infrastructure and PPPs, franchising and distribution, trade, WTO and customs, intellectual property, data and technology, data protection, privacy and cybersecurity, arbitration, litigation and dispute resolution, and tax matters.