Complete Guide to Mergers & Acquisitions in Türkiye for 2026

The Turkish mergers & acquisitions landscape continues to evolve as one of the most dynamic markets bridging Europe and Asia. With Türkiye’s strategic geographic position, growing economy, and progressive regulatory framework, the country has become an increasingly attractive destination for both domestic consolidation and international investment through M&A activities.

Understanding the complexities of Turkish M&A law and practice is essential for any business considering expansion or restructuring in this vibrant market.

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Türkiye continues to stand out as a dynamic hub for mergers & acquisitions (M&A) in 2026, driven by its strategic geographic position, diversified economy, young workforce, and access to regional markets across Europe, the Middle East, and Central Asia.

Despite global economic fluctuations, Türkiye’s resilient private sector, privatization opportunities, and active foreign direct investment environment sustain strong M&A activity across industries such as manufacturing, energy, technology, healthcare, logistics, and finance.

At Finlexia Turkish Accounting Firm, we have advised domestic and international clients on Turkish M&A transactions since 2017. Our Istanbul-based, full-service legal team delivers end-to-end support that aligns legal precision with commercial objectives, ensuring secure and value-driven transactions under Turkish law.

Overview of the Turkish M&A Legal Framework

M&A transactions in Türkiye are primarily governed by the Turkish Commercial Code (TCC), the Code of Obligations, competition regulations, and sector-specific legislation. Depending on the transaction structure, additional approvals may be required from regulatory bodies such as the Competition Authority, the Banking Regulation and Supervision Agency (BDDK), or the Energy Market Regulatory Authority (EPDK).

Transactions typically take the form of:

• Share purchases
• Asset transfers
• Mergers by acquisition or merger by formation of a new entity

Each structure carries distinct legal, tax, and liability implications. Selecting the correct structure at the outset is critical to mitigating risk and optimizing post-transaction integration.

Strategic Importance of Legal Due Diligence in M&A

Legal due diligence is the cornerstone of a successful M&A transaction in Türkiye. A thorough review identifies potential liabilities, compliance risks, contractual restrictions, and governance weaknesses that could materially impact valuation or deal feasibility.

Our M&A due diligence scope commonly includes:

• Corporate structure and shareholding analysis
• Review of material contracts and liabilities
• Employment and labor law compliance
• Regulatory permits and licenses
• Pending or potential disputes

This process often intersects with broader corporate governance considerations, particularly where governance gaps or shareholder disputes may affect transaction stability.

Transaction Structuring and Deal Documentation

Once due diligence findings are assessed, transaction structuring becomes the next critical phase. This stage involves determining the most efficient legal model, allocating risks between parties, and reflecting commercial terms in enforceable documentation.

Key M&A documents typically include:

• Share Purchase Agreements (SPA) or Asset Transfer Agreements
• Shareholders’ Agreements
• Disclosure letters
• Ancillary agreements and closing documents

Careful contract drafting is essential to address representations and warranties, indemnities, conditions precedent, and post-closing obligations. Poorly drafted agreements frequently result in disputes or unenforceable protections under Turkish law.

Competition Law and Regulatory Approvals

Many M&A transactions in Türkiye require prior clearance from the Turkish Competition Authority. Transactions exceeding specific turnover thresholds must be notified and approved before closing. Failure to obtain clearance can result in substantial administrative fines and transaction invalidation.

Sector-regulated transactions may also require additional approvals. Early regulatory analysis helps avoid delays and ensures transaction timelines remain commercially viable.

Cross-Border M&A Considerations in Türkiye

Foreign investors are generally treated equally with domestic investors under Turkish law. However, cross-border M&A transactions require careful coordination of foreign investment regulations, tax treaties, currency controls, and international compliance standards.

Our multilingual team routinely advises international clients entering Türkiye through acquisitions, joint ventures, or strategic partnerships. Where the transaction involves market entry, we frequently integrate M&A planning with initial company formation strategies to ensure long-term operational efficiency.

Post-Transaction Integration and Corporate Restructuring

Closing the transaction does not end legal risk. Post-merger integration, corporate restructuring, and alignment of governance frameworks are critical to preserving deal value.

This phase may involve:

• Board and management restructuring
• Capital increases or share transfers
• Amendment of articles of association
• Internal compliance realignment

In certain cases, unsuccessful integrations or strategic shifts may ultimately lead to company liquidation, requiring careful legal planning to minimize exposure for shareholders and directors.

Dispute Risks and Litigation in M&A Transactions

M&A transactions inherently carry dispute risks, particularly related to misrepresentation, breach of warranties, valuation adjustments, or earn-out mechanisms. Proactive risk allocation and precise documentation significantly reduce exposure.

When disputes arise, our firm represents clients in negotiations, arbitration, and corporate litigation before Turkish courts, ensuring continuity between transaction advisory and dispute resolution services.

Industry Trends Shaping Turkish M&A in 2026

Key trends influencing M&A activity in Türkiye include:

• Increased private equity and venture capital involvement
• Consolidation in manufacturing and logistics
• Technology-driven acquisitions and digital transformation
• ESG-focused transactions and compliance-driven restructuring

These trends require advisors who understand not only Turkish law, but also international deal standards and evolving market expectations.

Why Finlexia CPA for M&A in Türkiye

With over three years of experience, Finlexia Turkish Accounting Firm delivers comprehensive M&A advisory services grounded in deep local knowledge and international best practices. Our team supports transactions across the full lifecycle, from strategic planning and due diligence to closing and post-transaction integration.

Our integrated mergers & acquisitions practice ensures that legal, regulatory, and commercial considerations are addressed cohesively, reducing risk and enhancing transaction certainty.

If you are considering a merger, acquisition, or strategic investment in Türkiye, Finlexia Turkish Accounting Firm is ready to assist. Our experienced legal professionals provide tailored, commercially focused advice to help you execute complex transactions with confidence.

Contact us for Mergers & Acquisitions in Türkiye

Navigating the complexities of mergers & acquisitions in Türkiye requires experienced legal counsel with deep understanding of Turkish commercial law, regulatory requirements, and practical transaction execution.

At Finlexia Turkish Accounting Firm, we have been guiding domestic and international clients through successful M&A transactions since 2017. Our multilingual team provides comprehensive support throughout every phase of your transaction, from initial due diligence and structuring advice through regulatory approvals, documentation, closing, and post-merger integration.

Whether you are considering your first investment in Türkiye or executing a complex cross-border combination, our full-service capabilities ensure seamless coordination of all legal aspects of your transaction. Contact Finlexia Turkish Accounting Firm today to discuss how we can support your strategic objectives in the Turkish market with professional, efficient, and culturally attuned legal services tailored to your specific needs.