King & Spalding advised Aydın Group in sale of stake in TOM Group to Dubai Islamic Bank
King & Spalding advised Aydın Group in sale of stake in TOM Group to Dubai Islamic Bank
The transaction includes an option for the bank to increase its shareholding to 25 percent within 12 months
King & Spalding has provided legal guidance to the Aydın Group in the sale of a 20 percent minority stake in the TOM Group to Dubai Islamic Bank (DIB).
Aydın Group is a major employer in Türkiye with over 80,000 employees. It is one of the country’s largest multi-brand retail footprints, featuring over 13,000 retail stores encompassing various sectors. The Group operates in the healthcare services sector through the Memorial Healthcare Group, overseeing 12 hospitals and two medical centers in Türkiye and Romania.
The TOM Group was previously wholly owned by the Aydın Group, a digital banking and financial technology conglomerate.
The Aydın Group received legal counsel on Turkish laws from the law firm Lexist (Lexist Avukatlık Bürosu)
The King & Spalding Dubai team included Macky O’Sullivan (partner, corporate, finance, and investments), Benjamin J. Williams (partner, trial and global disputes/international arbitration, and litigation), Asal Saghari (counsel, corporate, finance and investments) and Jamie Kershaw (associate).
The firm’s London team comprised Derek Meilman (partner, corporate, finance, and investments), Paul Barron (partner, corporate, finance, and investments), J. John Lim (associate), and William Morris (associate).
