DLA Piper advises Kaspi.kz in acquiring controlling interest in Hepsiburada

DLA Piper represented Joint Stock Company Kaspi.kz (Kaspi.kz NASDAQ: KSPI) in entering into a definitive agreement with Hanzade Doğan, the founder and controlling shareholder of D-Market Electronic Services & Trading (Hepsiburada NASDAQ: HEPS), and Vuslat Doğan Sabancı, Begüm Doğan Faralyalı, Arzuhan Doğan Yalçındağ and Işıl Doğan to acquire 65.41% of all the total outstanding Class A and Class B shares of Hepsiburada.

Founded in 2000 by Hanzade Doğan, Hepsiburada is a leading e-commerce platform in Türkiye. Hepsiburada provides goods and services through its hybrid model combining first-party direct sales (1P model) and a third-party marketplace (3P model) with approximately 101 thousand merchants.

“It was a privilege to advise Kaspi.kz on this deal and display the full depth and breadth of our team’s capabilities. We look forward to supporting the company in closing the transaction and their growth opportunities in the future,” said Era Anagnosti, Co-Chair of DLA Piper’s Capital Markets and Public Company Advisory Practice who led the deal team.

In addition to Anagnosti (Washington, DC), the DLA Piper team included partners Jonathan Klein and Oliver Olah (both in New York), Melanie Walker (Los Angeles) and associates Jaspreet Mann (San Francisco), and Alex Carlson (Los Angeles).

DLA Piper’s global capital markets team represents issuers and underwriters in registered and unregistered equity, equity-linked and debt capital markets transactions, including initial public offerings, follow-on equity offerings, equity-linked securities offerings, and offerings of investments grade and high-yield debt securities.