June 2025 – KST Law (Kinstellar) is delighted to have advised Honeywell on the Turkish law aspects in connection with its sale of its Personal Protective Equipment (“PPE”) business to Protective Industrial Products ("PIP") for USD 1.325 billion, an all-cash transaction.
PIP is a global supplier and manufacturer of PPE products and a portfolio company of Odyssey Investment Partners and this strategic move is reinforcing PIP’s global positioning in the PPE market.
Congratulations to our team led by Partners Emre Özer and Mert Elçin, with key involvement from Senior Associate Sıla Şaylı and Associates Helin Akbulut and Tuğberk Çakırca, for their outstanding efforts and dedication.
Our colleagues Partner Viliam Myšička and Senior Associate Lívia Miklenčičová at Kinstellar Slovakia, Managing Associate Dániel Péter, Senior Associate Gergely S Lipták, Junior Associate Zsófia Dóra Kovács at Kinstellar Hungary and Managing Associate Kuanysh Kanlybayev at Kinstellar Kazakhstan played a crucial role in supporting the client through various stages of the deal.
We were pleased to work alongside lead counsel, Simmons & Simmons, and thank them for the opportunity to cooperate with them on this high-profile transaction.