Crescent Capital along with Clean Energy Transition Fund, L.P. acquired Akocak HEPP from Akenerji Elektrik Uretim A.S. (IBSE:AKENR) for $95 million on February 17, 2016. QInvest has provided a 5 year $30 million mezzanine finance facility to fund the acquisition. Barlas Balcioglu, Dogan Eymirlioglu, Günhan Yalçin, Ceren Su, Ceyda Aydin, Cemre Demirkaya, and Emre Ozkan of Balcioglu Selcuk Akman Keki Attorney Partnership acted as legal advisor for Crescent Capital. Aksu Savas Caliskan Attorney Partnership acted as legal advisor for Akenerji Elektrik.

Crescent Capital along with Clean Energy Transition Fund, L.P. completed the acquisition of Akocak HEPP from Akenerji Elektrik Uretim A.S. (IBSE:AKENR) on February 17, 2016.