Advising on the raising of both equity and debt, Carey Olsen supports clients seeking to list on TISE and assists Guernsey-based companies with LSE listings. The firm also offers advice on secondary and transactional fundraising, as well as regularly advising SPACs in relation to listings on the Main Market. Practice head Ben Morgan is noted for his funds specialism. Annette Alexander‘s practice encompasses the listing of investment funds, trading companies and bonds on TISE, as well as handling associated regulatory matters. Tony Lane is another key contact.
Capital markets in Guernsey
Carey Olsen
Practice head(s):
Ben Morgan
Other key lawyers:
Annette Alexander; Tony Lane
Testimonials
‘They provide an excellent service, are quick to respond to our requests and provide a very well thought out, reasonably priced service.’
‘They are pragmatic and help us navigate our way through numerous listing and de-listing processes across the portfolio, often at quite short notice.’
‘They are always very responsive and provide clear, well laid out advice.’
Key clients
Ikigai Ventures Limited
Andrada Mining Limited
Fintech Asia Ltd.
Work highlights
- Assisted Andrada Mining with reviewing all aspects of a transaction from a Guernsey perspective.
- Advised Ikigai Ventures, a Guernsey-incorporated SPAC, on its admission to listing on the Main Market of the London Stock Exchange.
- Advised Fintech Asia, a Guernsey-incorporated SPAC, on its admission to listing on the Main Market of the London Stock Exchange.
Mourant
Mourant advises clients on the full spectrum of capital markets mandates, including equity and debt fundraising, and stock exchange listings. The practice is also well versed in handling secondary fundraising, bonds issues and notes programmes. Leading the team is John Rochester, an equity capital markets specialist with public and private M&A experience. Darren Bacon regularly advises listed funds on transactional capital markets issues, while Frances Watson focuses on supporting listed funds with share issuances and other transactions. Helen Wyatt assists clients with capital raisings and IPOs.
Practice head(s):
John Rochester
Other key lawyers:
Darren Bacon; Frances Watson; Helen Wyatt
Testimonials
‘We find Mourant to be full service and very responsive for all offshore work at reasonable rates.’
‘Darren Bacon is our go-to contact for all transactional work. He is very knowledgeable and responsive.’
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
- Advised Aberdeen Standard Global Infrastructure GP III on its financing in relation to the development of terminal 6 at JFK Airport in New York.
- Advised DP Aircraft I on the issue of an additional 30 million new shares.
- Advised Sandstorm Gold on the sale of $300m of assets.
Collas Crill
Collas Crill receives instruction from both listed clients and those seeking debt or equity listings on TISE. Advising on the structuring of listed securities, public M&A and the migration of listed companies to Guernsey are all core areas of strength. Wayne Atkinson heads the firm's corporate team, with expertise advising investment funds on fundraising, transactions and regulatory requirements for listings. Simon Heggs is the firm's capital markets specialist, focusing on issues concerning public equity and debt, and assisting with listings on TISE and the LSE. Senior associate Ian Petherbridge joined the practice from Eversheds Sutherland South Africa’s Durban office in June 2022, bringing with him expertise in debt transactions.
Practice head(s):
Wayne Atkinson
Other key lawyers:
Simon Heggs; Ian Petherbridge
Testimonials
‘The team are experts in their field and provide clear concise user-friendly commercial advice. They are responsive and will address any question or specific issue that arises promptly and thoughtfully.’
‘Simon Heggs is my main contact and he is great to work with, I have no hesitation in reaching out to him.’
‘They are very responsive and very knowledgeable.’
‘Simon Heggs stands out. He is more responsive than many offshore lawyers.’
Key clients
Corporation Financière Européenne S.A.
Shandong Gold Mining Co. Ltd
Immunocore Limited
Goodbody Health Limited
McClaren Property Group
UK Working Capital Group
Ferro-Alloy Resources Limited
Seed Innovations Limited
Fairtree Capital
Work highlights
- Instructed as Guernsey counsel to Corporation Financière Européenne on its £33m contested takeover of AIM-listed CIP Merchant Capital.
- Advised Immunocore on the listing of its $50m Tranche A secured loan notes on TISE.
- Advised Shandong Gold Mining on its aborted attempted acquisition of Shanta Gold, a Guernsey AIM-listed gold mining company.
Ogier
Ogier‘s capital markets practice advises clients on the gamut of debt and equity raisings, listings on TISE, and structuring issues affecting companies in the run-up to IPOs. Jointly leading the practice are listings specialist Byron Rees, investment vehicle specialist Tim Clipstone, and insurance specialist Richard Sharp, who returned to the team from Bedell Cristin in February 2023. Senior associate James Walsh also rejoined from the same firm in July 2022. Managing associate Michelle Watson Bunn advises on debt and equity transactions, while Diana Collas focuses primarily on listings.
Other key lawyers:
Michelle Watson Bunn; Diana Collas; James Walsh
Key clients
Disruptive Capital SPAC
CAT Financial Products AG
Walkers
Walkers strengthened its capital markets offering with the April 2022 arrival of practice head Craig Cordle, formerly of Ogier; his areas of expertise include M&A relating to private and listed companies, schemes of arrangement, and related regulatory issues. In addition to advising clients seeking listings on the LSE and TISE, the practice also assists clients with pre- and post-listing structural arrangements. Managing partner Matt Sanders is an M&A specialist, with additional expertise in structuring companies and funds.
Practice head(s):
Craig Cordle
Other key lawyers:
Matt Sanders
Testimonials
‘Good depth and range of skills in the team, which is equipped with London and local experience and has access to the widest range of offices across the international financial centres.’
‘Attention to detail; proactivity; practical/user-friendly approach.’
‘Craig Cordle takes a proactive and commercial approach, anticipating complexities and delivering solutions. His advice is clear, commercial and timely.’
‘Very good sector knowledge and experience. Very thorough. Craig Cordle is especially approachable and responsive.’
‘They have excellent knowledge of the local market, in particular TISE.’
‘Craig Cordle has excellent market knowledge and delivers very commercial and considered advice.’
Key clients
Tetragon
Equitix (Keys)
UK Commercial Property REIT
EEA Life Settlements
Strawberry Star
Equitix (MA21)
Work highlights
- Advised Tetragon Financial Group on its modified Dutch auction tender offer for up to 25m of its non-voting shares.
- Advised EEA Life Settlements Fund PCC on its scheme of arrangement and rollover into a new LSE-listed vehicle.
- Advised UK Commercial Property REIT on its shareholder vote to authorise its continuation as a £1.7bn collective investment scheme.