Schoenherr has advised Mondi Group on the acquisition of 90 % of the outstanding share capital in Turkish Kalenobel for a consideration of around €90m on a debt-and-cash-free basis. The sellers were ARGUS Capital, a CEE focused private equity group, and M. Olcay Hephiz, one of the company’s founders.

Mondi is an international packaging and paper Group employing around 25,000 people across more than 30 countries. Kalenobel is a Turkish consumer packaging company.

The Schoenherr team advising Mondi Group was jointly led by Levent Çelepçi (partner, corporate/m&a) and Alexander Popp (partner, corporate/m&a). They were supported by Bürke Serbetçi (attorney at law, corporate/m&a), Murat Kutluğ (attorney at law, corpo-rate/m&a) and Alara Baki (associate, corporate/m&a).