European law firm Fieldfisher advised Webrazzi working alongside Turkish law firm Purut who acted as Webrazzi's local counsel. The value of the deal is confidential.
The deal will enable Webrazzi, which currently reaches 15 million readers a year, to expand its European and English language presence and to build its reach into Russia and the MENA region.
Fieldfisher corporate partner, Tom Ward, who led the Fieldfisher team advising Webrazzi on the acquisition, commented:
"We are delighted to have assisted Webrazzi on its first acquisition in and expansion into the UK and wish Arda and Robin all the best as they continue to scale the Tech.eu platform together.
"Our technology M&A team at Fieldfisher specialises in cross-border transactions, advising global corporates on their acquisition and investment strategies in the UK and Europe."
Arda Kutsal, founder and CEO of Webrazzi, said:
"We've been working on this for the last eight or nine months and the pandemic made this hard, but we managed to sign everything. Many thanks to the Fieldfisher team and Tom and Rachel, who helped us navigate our first UK acquisition and gave pragmatic and commercial advice at every step."
Tom Ward was assisted on the deal by corporate associate Rachel Leigh.
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