Minority Stake in T.O.M. Group Sold to DIB

King & Spalding advised Aydın Group on the sale of a minority stake in the T.O.M. Group to Dubai Islamic Bank (DIB). The transaction consists of a sale of 20% in the T.O.M. Group and an option in favor of DIB to increase shareholding to 25% within 12 months. Aydın Group, one of the largest employers in Türkiye with over 80,000 employees, is amongst the country’s largest multi-brand retail footprints, encompassing more than 13,000 retail stores, including A101 in grocery retail, English Home in home textile and furnishings, and Eve in the beauty and cosmetics sector. In the healthcare services sector with Memorial Healthcare Group, Aydın Group operates a total of 12 hospitals and 2 medical centers across 5 cities in Türkiye and Romania. T.O.M. Group is a digital banking and financial technology group of companies established by Aydın Group that was, prior to the completion of the transaction, wholly owned by Aydın Group. The financial terms of the transaction were not disclosed. The Lexist law firm advised Aydın Group on Turkish law matters in the transaction.