Baker McKenzie’s Turkish affiliate law firm Esin Attorney Partnership, working with Covington & Burling, has advised ACWA Power on the debt and ownership restructuring of its Turkish affiliate ACWA Guc. Paksoy and Milbank reportedly advised the lenders.
ACWA Guc, which operates the 950-megawatt combined cycle gas turbine power plant in Kirikkale, Turkiye, is partially and indirectly owned by ACWA Power. Post-deal, ACWA Guc is expected to be free of any commercial debt to third parties and will remain classified as an equity investment for ACWA Power.
The Esin team included Partners Muhsin Keskin, Yalin Akmenek, Erdal Ekinci, Orhan Pala, and Duygu Gultekin, Senior Associates Ceren Erdem and Ozge Ekim, Associates Zeki Nizam Cebe, Ozan Kesim, Zeynep Ezgi Yanarates, Oyku Ruya Turkogullari, and Alara Aydin.
