Guernsey Trio Advise On $1.2 Billion LSE Listing

Riverstone Energy Limited (REL) has been advised by offshore law firm Carey Olsen, Heritage International Fund Managers (Heritage) and EY on the Guernsey aspects of its cross-border initial public offering (IPO) on the London Stock Exchange (LSE) Main Market which raised $1.2 billion (£760.3 million).

Admission of the shares occurred on 29 October and represents the biggest cross-border IPO on the LSE since November 2012. The newly-formed, Guernsey-domiciled, closed-ended company, is the most recent entry in a series of high-profile energy vehicles to launch from Guernsey this year.

REL has been established by New York-based energy and power focused private equity firm, Riverstone Holdings LLC. The investment objective is to generate capital growth by investing in the global energy sector with a particular focus on opportunities in the global exploration and production and midstream energy sub-sectors. REL will co-invest on certain investments alongside