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Appleby

HIRZEL COURT, HIRZEL STREET, ST PETER PORT, GY1 3 BN, GUERNSEY
Tel:
Work 01481 755600
Fax:
Fax 01481 728992
Email:
Web:
www.applebyglobal.com

Jeremy Berchem

Tel:
Work 01481 755601
Email:
Appleby

Work Department

Corporate, group partner, group head Guernsey.

Position

Jeremy Berchem is a Group Partner and Group Head within the Corporate department in Guernsey. He joined Appleby as counsel in October 2012 having previously worked for another offshore law firm in the Channel Islands since 2006. Prior to this, Jeremy worked in the banking departments of Travers Smith in London and Dickinson Dees in Newcastle. Jeremy qualified as an English Solicitor in 1997.

Jeremy has extensive experience of all areas of banking and finance work including advising both lenders and borrowers in relation to all aspects of subscription, acquisition, property and asset finance transactions.

In addition Jeremy advises on the issuance of bonds and other debt instruments and their listing on the TISE, the sale and purchase of companies, corporate governance matters and the restructuring of corporate and debt structures. He also has a broad corporate and commercial practice and advises on general corporate matters.

Notable transactions include:

- Acting as Guernsey and Alderney counsel to Nomura as arranger to a syndicate of lenders in respect of the provision of facilities to GVC.
- Acting as Guernsey counsel to HSBC Bank plc on the transfer of its banking Business from HSBC Private Bank (C.I.) Limited to HSBC Bank plc, acting through its Guernsey branch.
- Acting as Guernsey counsel to Valtez Limited and BMO Real Estate Partners (as asset manager) in respect of the acquisition of the Westwood Retail Property Portfolio of various underlying SPVs and properties (including shopping centres in Thanet, Kent) and the listing of loan notes on TISE.
- Advising Blackstone on the sale of their European logistics business, Logicor, containing numerous logistics and warehouse properties across the UK and Europe to the China Investment Corporation. This sale is one of the largest European real estate transaction on record and the fourth largest international Chinese takeover to date.
- Representing Bally Gaming and Systems UK Limited and Scientific Games Corporation in connection with the acquisition by scheme of arrangement of NYX Gaming Group Limited, a Guernsey company listed on the Toronto Stock Exchange.
- Engaged by Tritax Big Box REIT Plc (Tritax) to advise on the off-shore elements of a new tranche of funding. The new funding took the form of an investment grade rated £1.5 billion Euro Medium Term Note Programme (the EMTN Programme) (a first for Tritax) and a £350 million unsecured revolving credit facility (the New Facility).

Career

Qualified 1997; partner Appleby 2013. Jeremy joined Appleby as counsel in October 2012 having previously worked for another offshore law firm in the Channel Islands since 2006. Prior to this, Jeremy worked in the banking departments of Travers Smith in London and Dickinson Dees in Newcastle.

Education

University of Durham; BBP Law School.


Guernsey

Banking and finance

Within: Banking and finance

Clients find that Appleby ‘is outstanding, very responsive, very professional, very knowledgeable and commercial’ – ‘they just get on with it without drama’. ‘Smart and commercial’ counsel Camilla Hobbs recently collaborated with associate Nicole Sorbie – whose ‘calm demeanour makes deals happen far more easily’ – and practice head Jeremy Berchem to act as local counsel to Nomura as arranger to a syndicate of lenders with respect to facilities provided to GVC. Other notable clients include Barclays, Investec and the Blackstone Group.

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Corporate and M&A

Within: Corporate and M&A

Jeremy Berchem heads the corporate and M&A outfit at Appleby. In recent highlights, Kate Storey collaborated with the firm’s Jersey team to oversee the listing of PraxisIFM on the TISE, and acted for a fiduciary company in its acquisition by a leading offshore financial institution. In the real estate space, Berchem represented Blackstone across all three crown dependencies in the sale of its logistics business – Logicor – to the China Investment Corporation. Also notable is the group’s advice to Bally Gaming and Systems and Scientific Games with regard to their acquisition of NYX Gaming by way of a scheme of arrangement. Associate James Walsh recently joined the team from an in-house position at Standard Life and is also a key contact alongside counsel Camilla Hobbs and associate Nele Bhebhe.

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Jersey

Structured finance and securitisation

Within: Structured finance and securitisation

Appleby’s James Gaudin recently led the advice to HSBC on a master margin loan facility on behalf of Givolon, an SPV set up by Glencore, and Andrew Weaver teamed up with Guernsey’s Jeremy Berchem to handle the regulatory aspects of a private exchange offer by Bank of America to certain eligible holders of its outstanding debt securities to swap them for new fixed and floating rate senior notes. In other highlights, Barclays appointed the group to assist the 13 institutional investors who were the initial purchasers of a private offering of senior notes by Delphi Jersey Holdings, and Weaver guided Tritax through the offshore elements of a new tranche of funding. Other notable clients include Goldman Sachs, Deutsche Bank and JP Morgan Chase.

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