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Appleby

13-14 ESPLANADE, ST HELIER, JE1 1BD, JERSEY
Tel:
Work 01534 888777
Email:
Web:
www.applebyglobal.com

James Gaudin

Tel:
Work 01534 818337
Email:
Appleby

Work Department

Corporate (banking and financial services, structured finance, real estate).

Position

James Gaudin is a partner within the Corporate department and leads the structured finance team in Jersey. He specialises in all areas of offshore corporate, finance and restructuring work within Appleby’s strong equity and capital markets practice.

His extensive experience covers banking and asset finance, real estate investment structures, public and private debt and equity issues, securitisations, repackagings and initial public offerings, as well as structures involving Jersey limited partnerships and unit trusts. More recently James has advised on some of the largest corporate restructurings to have occurred in the Jersey market. He also advises banks and other global financial institutions in relation to the Jersey elements of complex cross-border insolvencies. The majority of his time is spent on real estate finance and funds.

He has contributed to numerous publications, and regularly presents to conferences, seminars and clients. James also participates in numerous industry steering and consultation groups.

Some examples of work includes advising: Acting for Credit Suisse (Europe) Limited as Joint Lead Managers and Bookrunners in relation to the offer of £266,500,000 8% Senior Secured Fixed Rate Notes due 2020 and £150,000,000 Senior Secured Floating Rate Notes due 2019 by Hastings Insurance Group; Acting for Credit Suisse (USA) LLC as Initial Purchaser in connection with the issue by Georgia Wordwide PLC of its €700,000,000 4.125% Senior Secured Notes due 2020, €850,000,000 4.750% Senior Secured Notes due 2023, US$600,000,000 5.625% Senior Secured Notes due 2020, US$1,500,000,000 6.250% Senior Secured Notes due 2022 and US$1,100,000,000 6.500% Senior Secured Notes due 2025; Acting for Deutsche Bank AG London as lead arranger in connection with the BVI, Jersey and Mauritian aspects of the US$600,000,000 bond issue by Severn Energy together with further participations by Vitol SA, Ashmopre Group and a syndicate of African banks headed by FBN Capital

Career

James became a partner at Appleby in 2011. Prior to joining Appleby in August 2010, he spent six years in the capital markets and structured finance team at a Jersey-based offshore firm, before joining another major offshore firm where he was a group partner and head of corporate in Jersey. Before returning to Jersey, James worked with Hemmington-Scott in London for four years, latterly as head of treasury and banking. James qualified as a barrister in 1996 and has been a Jersey advocate since 2005. He has not always been a lawyer and spent years as a broker and Investment banker with Hemington-Scott, Deutsche Bank and ABN Amro.

Education

University of Bristol.


Jersey

Banking and finance

Within: Banking and finance

The ‘strong and trusted’ outfit at Appleby is composed of ‘highly competent and responsive’ attorneys who are ‘very experienced in fund finance’. An enviable client base including names such as HSBC, Wells Fargo and Santander regularly appoints the group, led by Wendy Benjamin, to advise on refinancing matters, real estate finance transactions and complex restructurings. Senior associate Chris Spencer ‘knows just what clients are after’ and was part of the team acting for Barclays in a debt refinancing with Premier Oil, including the negotiation of Jersey law share securities; associate Kevin McQuillan assisted James Gaudin with his work for Goldman Sachs as the purchaser of notes from an issuer as part of the financing of a corporate transaction. Also notable is private equity and hedge fund specialist Andrew Weaver, who acted for Tritax Big Box REIT on the offshore elements of a new tranche of funding. The team welcomed a number of new associates, including three from UK law firms.

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Corporate and commercial

Within: Corporate and commercial

The ‘strong and trusted’ team at Appleby ‘continues to be responsive and provide the expertise clients require’ under the leadership of Wendy Benjamin, who has ‘an excellent understanding of commercial law and gives clear and concise guidance’. A team led by Fraser Robertson and Andrew Weaver – who ‘is not afraid to stand firm when needed’ – represented Kennedy-Wilson Europe Real Estate in its $3bn merger with Kennedy-Wilson Holdings, and Sime Darby engaged the group to act as Jersey counsel on its listing on the main market of Bursa Malaysia Securities Berhad. Michael Cushing collaborated with Benjamin to advise a trust company on the insolvency issues arising from the reinstatement of a company following its wrongful summary winding-up, and James Gaudin was supported by ‘excellent’ associate Kevin McQuillan to oversee Lone Star’s acquisition of 14 care homes in the UK as Jersey counsel.

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Investment funds

Within: Investment funds

Appleby’s investment funds practice head Andrew Weaver ‘provides a commercial and practical approach to service with focus, efficiency and cost-effectiveness’; ‘combined with his vast experience of the Jersey regulatory environment, the team is a very successful group of attorneys’. Acting for both established clients and new market entrants, the group handles European private equity, fund finance transactions, management reorganisations and the setting up of new real estate and private investment structures. Weaver recently acted for Stirling Square in obtaining regulatory approval for the establishment of a new LLP structure, and oversaw the complex capital return and clawback provisions of a late-stage private equity fund on behalf of a private equity adviser to allow it to continue making distributions with an unresolved contingent liability.  Other key contacts include James Gaudin, senior associate Christopher Spencer and associate Daniel Healy, who joined from a major international firm in 2017.

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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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