Banking, finance and capital markets in Cayman Islands
Maples Group is 'a market leader and market-setting firm in the Cayman Islands', and fields a practice, which specialises in aircraft and shipping finance, banking work, structured finance, fund finance, insurance-linked securities, listings and regulatory advice. Recent highlights include structured finance expert Scott Macdonald acting as Cayman counsel to GoodGreen 2019-1, the Cayman issuer of $225m green bonds backed by a portfolio of property-assessed clean energy assets. Mark Matthews is global finance head, Tina Meigh heads up the fund finance group, Wanda Ebanks specialises in repackagings and structured finance transactions, and Jonathon Meloy has extensive experience in international capital markets and corporate finance transactions. Also key to the practice are shipping specialist Sherice Arman, John Dykstra, who has expertise in catastrophe bonds; structured finance expert Nicola Bashforth, Anthony Philp and James Reeve, while Amanda Lazier and Lucy Sleep are the associates to note. Dale Crowley joined Boddens.
Other key lawyers:
‘Always competently responsive and the practice’s insight transcends the four corners of any issue presented, enabling the firm to advise in holistic fashion without missing a thing‘.
‘Dedicated legal team that has broad finance experience and a willingness to provide creative solutions to sometimes challenging assignments’.
‘Top-notch responsiveness:, both on transaction-specific terms and generally keeping in touch‘.
‘Mark Matthews has been in the business a long time and is a trusted adviser to many securitisation sponsors‘.
‘Tina Meigh is very committed and loyal‘.
‘James Reeve is service-oriented, very bright, and a pair of safe hands even in fast-paced transactions‘.
‘Wanda Ebanks is extremely responsive and incredibly knowledgeable‘.
‘Sherice Arman is very well regarded‘.
‘Scott Macdonald is a leader in the industry.‘
- Advised HNA Group-owned lessor, Avolon, on its private offering of senior notes.
- Advised LATAM Airlines Group on its $600m debt offering of senior notes.
- Advised Nordea Bank on a $385m credit facility to Höegh LNG Partners.
Walkers is 'exceptionally commercial and sophisticated, and uses both outstanding technical skills and well-informed judgement to bring value-added legal services to clients'. The practice's work encompasses asset, fund and project finance work, banking matters, regulatory issues, restructurings, structured product mandates and capital markets transactions. The team is particularly prominent in the collateralised loan obligation market. James Burch acted as Cayman counsel for Air Lease Corporation on its securitisation of a portfolio of 18 jet aircraft; Philip Paschalides specialises in debt capital market issuances, securitisations and structured products; and Rob Jackson handles project finance transactions, hedge fund and private equity financings, secured cross-border transactions and financial restructurings. David Collins returned to Cayman from the firm's BVI office, and Paige Gaston-Thiery was promoted to the partnership. Paul Osborne and Hugh Anderson are key senior counsels. Ramesh Maharaj and Alexandra Woodcock departed for Mourant.
Appleby's 'responsive, commercial and friendly practice' is highly rated for its experience in corporate finance, structured finance, derivatives and fund finance work, and also has notable experience in ship and aircraft financings, property finance work, and offshore restructuring and distressed debt transactions. Group banking and asset finance head Caroline Barton is global head of banking and asset finance, Simon Raftopoulos regularly handles corporate finance transactions, and Benjamin Woolf leads the structured finance practice. The team also fields Jacob MacAdam and Anna-Lise Wisdom, recently promoted partners Liesl Richter and David Bulley, and newly promoted counsels Peter Colegate and Georgina Pullinger.
Other key lawyers:
‘Benjamin Woolf is an outstanding practitioner‘.
CIFC Asset Management
CVC Capital Partners
- Advised Golub Capital Partners CLO 40(B) as issuer on its first CLO of 2019.
- Advised the issuer of approximately $225m mortgage-backed notes.
- Assisted a syndicate of lenders with a $485m secured credit facility.
Mourant has recently grown its Cayman practice through the recruitment of corporate and finance partners Alexandra Woodcock and Ramesh Maharaj from Walkers. The team has also been particularly active in transactions involving fund finance, real estate and aircraft acquisition finance, leveraged finance and structured finance elements. Hayden Isbister leads the Cayman banking and finance practice, which also fields private equity specialist Alex Last, Neal Lomax and Catherine Pham, who have notable funds expertise; and counsel Nathaniel Luker.
Other key lawyers:
‘Mourant is very knowledgeable, extremely responsive and user friendly‘.
‘The entire team is smart and practical, including team head Hayden Isbister‘.
- Advised Greystone Bridge Lending Fund Manager on its first CLO transaction for healthcare facilities.
- Advised Premier Gold Mines on a credit agreement with Investec Bank for a $50m secured revolving term credit facility.
Ogier fields experts in fund finance and asset finance mandates and has also established structured finance and debt capital markets practices, frequently assisting with debt listings on the Cayman Islands Stock Exchange (CISE). The department also has a robust Latin American finance practice. Angus Davison is the global banking and finance head, and James Heinicke leads the global fund finance group. Other names to note are Bradley Kruger, who is also a member of the firm's digital, blockchain and fintech group; fund financing expert Mark Santangeli and senior associate James Lydeard.
Angelo Gordon & Co
Silicon Valley Bank
BTG Pactual Group
Canadian Imperial Bank of Commerce
EMR Capital Advisors Pty
Starz Mortgage Capital
- Advised Starz Mortgage Capital on a CISE debt listing, which was issued to finance its start-up European real estate lending business.
- Assisted Arya Sciences Acquisition with its IPO.
- Advised Cyrus Capital Partners on the financing of Connect Airways’ acquisition of regional carrier Flybe.
In banking, finance and secured lending, Campbells handles a range of transactions for lenders and corporate borrower clients, regularly assisting with equity financing mandates. The team also works with technology companies on venture capital fundraisings and debt financing arrangements. Managing partner John Wolf is particularly noted for his shipping and aircraft financing expertise; other key contacts are corporate team head Alan Craig and Richard Spencer, who counts hedge funds and private equity companies as clients.
John Wolf; Alan Craig
Other key lawyers:
‘Appreciated for responsiveness and fair pricing‘.
Royal Bank of Canada
Bank of America
China Merchants Bank Financial Leasing
- Advised Credijusto on a facility agreement provided by Goldman Sachs.
- Acted for Nu Holdings on a $150m Series E round of fundraising through preference share issuances to investors.
- Assisted Farmmi with a shelf registration and private placement of senior convertible notes.
Carey Olsen's 'extremely diligent' banking and finance practice covers acquisition finance, aviation finance, fund finance and real estate finance mandates. The principal advisers are investment fund and structured finance expert Nick Bullmore, Jarrod Farley, Alistair Russell and asset finance specialist Richard Munden, who recently joined the team from Walkers. At counsel level Dylan Wiltermuth is recommended for capital markets work.
‘Carey Olsen has excellent, responsive and easy-to-work with lawyers who fully understand clients’ business‘.
‘Alistair Russell is knowledgable, and good with both clients and other parties‘.
‘Richard Munden is very experienced, extremely well respected, knowledgeable, responsive and helpful‘.
‘Counsel Dylan Wiltermuth is a standout on the transactional side – he is incredibly responsive and nimble, which makes him a go-to lawyer and very easy to work with‘.
- Advised Barclays Bank on a facility agreement, put in place with various Abraaj entities.
- Acted for Lendable, a tech-enabled finance platform, on a number of securitisations.
Conyers' team has extensive experience across lending work, asset and fund finance transactions, private equity capital call financing matters and related security packages, structured finance issues and capital markets mandates. Kevin Butler is head of the Cayman office, and corporate finance specialist Richard Fear and Matthew Stocker are also experienced partners.
‘Conyers has long been one of the go-to firms in the region‘.
‘Highly knowledgeable, resourceful and good value for money‘.
‘Matthew Stocker is an experienced practitioner, who provides prompt advice in a user-friendly manner‘.
Viking Cruises Group
Crown BioScience International
Stonegate Pub Company
- Advised PagSeguro Digital on a follow-on offering of 33 million new shares.
- Acted for GE Capital Aviation Services on the STARR 2018-1 ABS issuance including listing the debt and equity securities on the CISE.
- Assisted Stonegate Pub Company with an offering of £150m of floating rate senior secured notes.
At Harneys, banking and finance head Nicole Pineda focuses on structured finance and securitisation mandates including CLOs and emerging market future cash flow-backed securities, international capital markets work, project and infrastructure financings, and secured lending issues. Other key names to note include Cayman office head Marco Martins and fund finance specialist Matt Taber.
Banco Do Brasil
Fosun Tourism Group
Bank of America
Wells Fargo Bank
The Northern Trust Company
Bank of the Ozarks
First Republic Bank
- Advised Banco do Brasil on the issuance of $750m senior unsecured notes under a $20bn Euro medium term note programme.
- Assisted Bank of America with the grant of an up-to $4bn subscription finance facility to a large private equity fund group.
- Acted for Wells Fargo Bank on the grant of a $1.3bn subscription finance facility to a private equity fund group.
Bedell Cristin 'makes every effort to understand clients' issues and offer solutions'. Ian Jamieson focuses on banking and real estate finance work and leads the inward investment product group, and Jonathan Fitzgibbons' practice spans secured lending, stock exchange listings and debt financing work. Richard Addlestone has retired from the practice.
Other key lawyers:
‘Ian Jamieson is always available to help resolve issues and address new concerns that arise‘.
Advantage International Holdings
Ironshore Pharmaceuticals & Development
Marsh Management (Cayman)
Daemon Investment Fund
Collas Crill's department handles a variety of banking and finance matters and is regularly instructed on debt and equity financings. Stephen Nelson handles a range of Cayman matters including venture financing work, and crypto and blockchain financings; managing partner Alan de Saram is also highly regarded in the field. Former partner Joss Morris left the firm.
Alan de Saram; Stephen Nelson