Next Generation Partners

Rising Stars

Capital markets in Guernsey

Carey Olsen

Carey Olsen‘s lawyers service the waterfront of equity and debt capital markets issues, with expertise in listings on the International stock exchange, and of Guernsey-domiciled companies on the London and New York stock exchanges. The group is well-placed to advise on downstream secondary instructions relating to share issuances, recapitalisations and debt issuances. Annette Alexander  is well-versed in advising on listings of investment funds, trading companies, and on bonds issued on the International stock exchange. Ben Morgan , who leads the group, is another stand-out lawyer with experience in public M&A and IPO transactions.

Practice head(s):

Ben Morgan

Other key lawyers:

Annette Alexander; Tony Lane; Tom Carey

Testimonials

‘Market leading knowledge in Guernsey’

‘Ben Morgan is the market leader’

 

Key clients

Super Group Limited

Genius Sports Limited

Scape Living plc

Starwood Capital Group

Cordiant Digital Infrastructure

Taylor Maritime Investments Limited

Phoenix Asset Management Partners Limited

Hambro Perks Acquisition Company Limited

Peel Hunt Ltd

CEIBA Investments Limited

Esken Limited

HICL Infrastructure PLC

International Public Partnerships Ltd

Riverstone Energy Ltd

Amdocs Limited

VinaCapital Investment Management Ltd.

Round Hill Music Royalty Fund Limited

Regional REIT Ltd

JPMorgan Global Core Real Assets Limited

Landscape Acquisition Holdings Limited

Brockton Capital

Ravenscroft Holdings Limited

Raven Property Group Limited

Arcadia Minerals Limited

SuperSeed Capital Limited

Landscape Acquisition Holdings Limited

J2 Acquisition Limited

Work highlights

  • Advised Super Group (SGHC) Limited and its subsidiaries on its public listing on the New York Stock Exchange (NYSE) following the successful completion of its US$4.75 billion business combination with Sports Entertainment Acquisition Corp., an NYSE-listed special purpose acquisition company (SPAC).
  • Advised Scape Living plc on the acquisition (alongside a JV partner) of GCP Student Living plc by way of a scheme of arrangement. This transaction amounted to a reverse takeover of the Issuer and the admission of 7,245,343 additional shares to listing on the Official List of The International Stock Exchange with total shares listed being 9,498,754 ordinary shares of £1 each.
  • Advised global private investment firm Starwood Capital Group (Starwood) on the acquisition by a Starwood controlled affiliate of the remaining share capital of RDI REIT P.L.C. (RDI REIT) for approximately £467.9 million.

Mourant

The group at Mourant has a full-service capital markets offering, covering equity and debt matters. The team is well-versed in initial and secondary public offerings, and is also regularly instructed on bond issuances. Darren Bacon  is the key contact in Guernsey, advising a strong selection of listed funds and companies on transactional issues. Frances Watson  has experience in listings on the London stock exchange. Senior associate Pui Yee Lai is focused on advising international investment banks based in jurisdictions including Hong Kong, Singapore and Indonesia, on debt and equity deals.

Practice head(s):

Helen Wyatt

Other key lawyers:

Darren Bacon; Frances Watson; John Rochester; John Lewis; Pui Yee Lai

Key clients

3i Infrastructure plc

Baker Steel Resources Trust Limited

Big deal music

BMO Property Growth & Income Feeder Fund Limited

Capella UK Holdco 4 Limited

CC Private Debt Feeder Co Limited

CD&R Arawak X Luxco S.à. r.l.

Chenavari Capital Solutions Limited

Chenavari Toro Income Fund Limited

DP Aircraft I Limited

Elm Bidco, L.P.

Funding Circle SME Income Fund Limited

Gemfields Group Limited

Grit Real Estate Income Group Limited

Growthpoint Properties Limited

Guaranteed Investment Products 1 PCC Limited

Harbourvest Global Private Equity Limited

Investec W&I International PCC Limited

John Laing Environmental Assets Group Limited

LondonMetric Property Plc

Lloyds Bank International

Ravenscroft Investment Fund Offshore

Resolute Mining Limited

Sequoia Economic Infrastructure Income Fund

Telecom Credit Infrastructure DAC

Telecom Credit Infrastructure Designated Activity Company

Weiss Korea Opportunity Fund Limited

Work highlights

  • Acted as Guernsey legal counsel for Sequoia Economic Infrastructure Income Fund Limited, a FTSE 250 specialist in economic infrastructure debt.  Advising from a Guernsey law perspective on the 10% placing of shares in SEQI on the LSE.
  • Advising Grit Real Estate Income Group on ongoing Guernsey law compliance and ongoing queries in relation to the running of the listed company, its further issues of shares, entry into third party agreement and stepping up to premium listing on the LSE.
  • Advising Third Point Investors Limited on the entry into a loan agreement with JPMorgan Chase Bank, N.A. and related security.

Collas Crill

At Collas Crill, the capital markets practice sits in the banking and finance department under the overall leadership of Wayne Atkinson . The team is well-versed in advising listed companies on a variety of M&A transactions, and has experience in IPOs and advising international clients looking to list debt and equity on the Guernsey stock exchange. Promoted to partner in 2020, Simon Heggs is the key contact, with a track record in cross-border deals for listed companies on the Guernsey and London exchanges.

Practice head(s):

Wayne Atkinson

Other key lawyers:

Simon Heggs; Gareth Morgan

Testimonials

‘Collas Crill has a number of Partners specialising in capital markets work and offers an excellent, very responsive partner-led service.’

‘Wayne Atkinson, Paul Wilkes, Simon Heggs are all very strong and responsive’

‘I find Collas Crill to be very responsive. They are also experienced in capital markets transaction and understand their role and the what is required of them. We find they are cheaper and easier to deal with than some other offshore firms.’

‘I work with Simon Heggs on quite a few capital markets transactions. He is very responsive and able to source other colleagues in other jurisdictions where required. He also provides practical advice and does not try to unnecessarily over complicate matters.’

‘They are very responsive.’

‘I have worked with Simon Heggs. He is a very smart and enthusiastic lawyer.’

‘Team works to individual strengths and individuals are not afraid to pass matters on to more appropriately experienced colleagues. This said, they tend to maintain a watching brief rather than just delegating and forgetting, which maintains a good service level and stops matters being “lost”. In terms of billing, we have found the team to be consultative where costs have exceeded initial estimates and have not seen excessive charging.’

‘Simon Heggs is a main point of contact and has impressed in terms of his engagement and management of matters, including where he has passed elements of work on to his colleagues.’

Key clients

Ferro-Alloy Resources Limited

Janna Investments Limited

G.F.F. Limited

Seed Innovations Limited (formerly named Fastforward Innovations Limited)

Fragrant Prosperity Holdings Limited

UK Working Capital Group

Key Land Capital (active) Limited

Corporation Financière Européenne S.A.

India Capital Growth Fund

Kaizen Credit 4 Limited

Work highlights

  • Acting for Ferro-Alloy, a Guernsey company listed on LSE, in respect in its debt and equity fundraise for the expansion of Ferro-Alloy’s mining projects in Kazakhstan.
  • Advising Seed Innovations Limited, a Guernsey company listed on AIM, in the sale of its stake in EMMAC, a UK based medicinal cannabis company, to Curaleaf, a NASDAQ listed cannabis company.
  • Acting for Corporation Financière Européenne S.A. in respect to its Rule 9 offer for the acquisition of CIP Merchant Capital Limited

Ogier

The key capital markets contact at Ogier is Byron Rees, following the departure of Craig Cordle to WALKERS in November 2021. The team handles the spectrum of equity capital markets matters, including IPOs, fundraising and the structuring of listed vehicles, with an offering spanning regulatory and transactional expertise. It works closely with the firm’s global offshore office network, servicing an impressive mix of international clients. Managing associate Michelle Watson Bunn and senior associate Diana Collas are also active members of the transactional team.

Practice head(s):

Byron Rees

Other key lawyers:

Paul Chanter; Michelle Watson Bunn; Diana Collas; Gabrielle Payne

Testimonials

‘Great market knowledge’

‘They are very strong, and integrate well with instructing counsel immediately. Stronger than a number of other firms in terms of their overall collaboration.’

‘Very practical, sound advice.’

‘They’re pragmatic and reliable.’

‘Able to deliver advice that is business orientated and not simply a treatise on the law.’

Key clients

The Schiehallion Fund Limited

The Foresight Group Holdings Limited

Sports Entertainment Acq Corp

Disruptive Capital Acquisition Company Limited

Burford Capital

Foresight Holdco 2 Limited

Burford Capital Limited

Work highlights

  • Advised The Schiehallion Fund on its $700m secondary C-share fundraising.
  • Advised Sports Entertainment Acquisition on its $4.75bn business combination with Super Group to create a gaming company listed on the New York stock exchange.
  • Advised Foresight Group Holdings Limited on its admittance to the premium listing segment of the official list of the financial conduct authority and trading on the main market for listed securities of the London stock exchange.