The Turkish Competition Authority approves acquisition of an IT company subject to a mandatory merger control although the transaction does not satisfy the jurisdictional turnover thresholds on a stand-alone basis (Zirve / Mikro)

By way of taking into account another transaction realized by the same acquirer within the same relevant product market previously, the Turkish Competition Board (“ Board ”) resolved that the contemplated transaction is subject to a mandatory merger control filing, although it does not satisfy the jurisdictional turnover thresholds on a stand-alone basis. This case summary concerns an analysis of the Turkish Competition Board’s Mikro/Zirve decision [1] in which the Board evaluated the acquisition of Zirve Bilgi Teknolojileri Sanayi Ticaret A.Ş. (“ Zirve ”) ultimately by Turkish Private Equity Fund III (“TPEF III”) via Mikro Yazılımevi Yaz. Hiz. Bilg. San. Tic. A.Ş. (“ Mikro ”). The Board resolved that the transaction indeed required a mandatory merger control filing before the Turkish Competition

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Auteurs

  • ELIG Gürkaynak Attorneys-at-Law (Istanbul)
  • ELIG Gürkaynak Attorneys-at-Law (Istanbul)

Citation

Gönenç Gürkaynak, Onur Özgümüş, The Turkish Competition Authority approves acquisition of an IT company subject to a mandatory merger control although the transaction does not satisfy the jurisdictional turnover thresholds on a stand-alone basis (Zirve / Mikro), 18 janvier 2018, e-Competitions January 2018, Art. N° 91457

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