Appleby counts banks and financial institutions among its client base, as well as ship and aircraft owners, lessors and lessees, and joint venture and project developers. The firm’s offering is broad ranging, and includes providing advice on asset-backed, project, and infrastructure financing projects, syndicated loan facilities, and security documentation reviews. Managing partner Brad Adderley leads the team, which is also home to Clive Langley, for whom international finance is a strength, and Tammy Richardson-Augustus, who acts for clients in the energy, oil and gas, and maritime industries. Jerome Wilson is notably strong in ship financing matters, and he represents lenders, borrowers, and equity sponsors. David Clark is dual-qualified in Bermuda and BVI, and he is particularly experienced in capital markets and structured finance. The ‘knowledgeable’ associate Arielle DeSilva is another key member of the practice.
Banking, finance and capital markets in Bermuda
Appleby
Praxisleiter:
Brad Adderley
Weitere Kernanwälte:
Clive Langley; Tammy Richardson-Augustus; David Clark; Jerome Wilson; Arielle DeSilva
Referenzen
‘Highly experienced banking team.’
‘Able to advise on bank loans and securities issuances.’
‘Highly responsive, commercial, thoughtful advice.’
Kernmandanten
Centerbridge Partners L.P.
HBK Capital
Virgin Cruises Intermediate Limited
Morgan Stanley
MUFG Bank, Ltd
BTG Pactual
Conyers
Conyers is highly adept at assisting its clients with IPOs, securitisation mandates, shipping and aircraft financing, and corporate restructurings. The team is led by Marcello Ausenda and is ably supported by Victor Richards, who frequently advises banks, owners, and private equity firms on finance and transactional matters, including debt financings, with notable strength in the aircraft and shopping industry. Associate Alexis Haynes is another active member of the department and is skilled at handling cross-border corporate financing mandates and relocations. Jason Piney is another key name.
Praxisleiter:
Marcello Ausenda
Weitere Kernanwälte:
Victor Richards; Jason Piney; Alexis Haynes
Kernmandanten
Carnival Corporation
Digicel Group
Seadrill Limited
Bacardi Limited
Liberty Global
Highlight-Mandate
- Advised Viking Holdings ltd on its initial public offering on the New York Stock Exchange.
- Advised GasLogLtd on a sustainability-linked refinancing consisting of a USD2.8bn loan with 14 bans secured by 23 LNG carriers.
- Advised Carnival Corporation & plc on a debt refinancing transaction resulting in approximately USD1.8bn of proceeds to the company.
Walkers
The dedicated, specialist finance practice at Walkers is well-equipped to handle high-value, cross-border mandates for international clients, including investment funds, private equity and other asset management, financial institutions, and companies in the shipping, aviation, (re)insurance, hospitality, and energy sectors. Adam Bathgate and Nathalie West jointly lead the practice; Bathgate is highly experienced in transactions involving leveraged and acquisition finance, fund finance, syndicated lending, note issuances, and regulatory capital raises, while debt finance lawyer West has been instrumental in the growth of the firm’s acquisition finance, fund finance, and CLO and securitisation expertise. Senior associate Korin Knights is skilled in aircraft and shipping finance work, while Malacia Madden boasts extensive knowledge in bilateral and syndicated lending.
Praxisleiter:
Adam Bathgate; Nathalie West
Weitere Kernanwälte:
Korin Knights; Malacia Madden; Benjamin Green
Referenzen
‘I primarily work with Adam Bathgate and Korin Knights. They have provided outstanding service in coordinating a tax restructuring.’
‘Adam Bathgate and Korin Knights are responsive and pragmatic.’
‘On a particularly complex transaction, Adam Bathgate and Korin Knights were able to produce clear and succinct advice to a number of our client’s financiers who were raising very granular queries on the nature of a restructuring, and they patiently addressed these and assisted us in triaging these.’
Kernmandanten
Axalta Coating Systems Ltd
Ares Management Corporation
Apex Group Ltd
Jefferies
Mizuho
MUFG Bank Ltd
National Westminster Bank plc
Norwegian Cruise Lines
Revoln Inc
The Bank of New York Mellon
Highlight-Mandate
- Acted for the administrative agent in connection with Carnival Corporation’s repricing of its USD1.301bn secured term loan due August 2027 and its USD2.248bn secured term loan due October 2028.
- Advised funds managed by Ares Management Corporation’s Private Equity Group on their investment in Virgin Voyages.
- Advised PV01 Capital markets Ltd on the issuance of its first native digital bond on the public Ethereum blockchain which was governed by English law.
Carey Olsen Bermuda Limited
Global financial institutions, (re)insurance companies, private equity firms, pension and investment funds, and companies active in the energy, telecoms, fin-tech, and digital asset industries form the expansive client base of Carey Olsen Bermuda Limited's corporate and finance department. Its offering includes assistance with acquisition, insurance, structured, and real estate financing mandates, bilateral and syndicated lending, and restructuring and refinancing matters. It is also experienced in capital market transactions, including equity issuances and listings. The department is jointly led by (re)insurance expert Gavin Woods, fin-tech and digital asset specialist Steven Rees Davies, and Matthew Grigg, who is skilled in structured finance and securities issuances. Other key members of the team include senior counsel Michael Frith, and counsel Charissa Ball, Alexander Collis, Michelle Falcucci, and Max Tetlow.
Praxisleiter:
Matthew Grigg; Gavin Woods; Steven Rees Davies
Weitere Kernanwälte:
Michael Frith; Charissa Ball; Michelle Falcucci; Max Tetlow; Alexander Collis
Referenzen
‘The Carey Olsen Bermudan team was helpful, responsive and on top of the details.’
‘I would describe them as no nonsense, and remain that way even if the work required is technical.’
‘The team is responsiveness and collaborative – they are a dynamic and engaging team with a strong bench.’
Kernmandanten
Easton Re
Ramble Re
Blackrock
Hamilton Insurance Group
Impellam Group
Highlight-Mandate
- Advised Easton Re on its USD200m catastrophe bond offering.
- Advised Hamilton Insurance Group, Ltd., an insurance group regulated by the Bermuda Monetary Authority, on its initial public offering on the New York Stock Exchange.
- Advised Blackrock funds that currently hold notes in Virgin Voyages, the cruise line started by Richard Branson’s Virgin Group, on Virgin Voyages’ third round of equity funding and related debt restructuring.
ASW Law Limited
ASW Law Limited expertly handles a range of corporate finance transactions, and the team has a strength in the (re)insurance industry in particular, as well as advising companies that are active in the technology, agricultural, and oil and gas industries. Corporate lawyer Neil Horner is a noble name in the team, with expertise in funds and finance law, having also been involved in large corporate transactions in the insurance industry, as has Canadian-qualified Kim Willey. UK-qualified Hanno Tolhurst is skilled in financing matters, as well as debt raising transactions.
Weitere Kernanwälte:
Neil Horner; Kehinde George; Kim Willey; Hanno Tolhurst; Nikhil Lawton-Misra; Sangheetaa Phary
Kernmandanten
Nordic Trustee AS
Altor Capital Management as trustee for Alt Fi Income Fund
Macquarie Bank Limited
Group Unicomer
Canterbury Insurance Company Limited
F&G Annuities & Life, Inc.
Hudson Structured Capital Management Limited
Bayerische Landersbank
Royal Bank of Scotland plc
Highlight-Mandate
- Advised Nordic Trustee AS as bond trustee and security agent on all Bermuda legal aspects of Floatel’s USD350m bond issuance.
- Advised Macquarie Bank Limited, acting as lender, on all Bermuda aspects of a credit facility with Pipeline Investments Limited, guaranteed by Sociedad Portuaria Puerto Bahía S.A, Fronte Bahía Holding Ltd, and Frontera ODL Holding Corp.
- Advised F&G Annuities & Life, Inc on all Bermuda legal aspects of the public offering by F&G of USD550m 6.5% senior notes due 2029.
MJM Limited
Shipping and real estate finance, corporate borrowing, capital market transactions, and restructurings all fall within MJM Limited‘s strong capabilities, acting for both local and international clients, including large banking and financial institutions. Its offering also includes advice on secured lending, acquisition finance, and enforcement of security. Practice head Jeremy Leese has expertise in multi-jurisdictional transactions, and the firm is also home to counsel Brian Holdipp, who is skilled in corporate restructurings and cross-border financings. Counsel Mark Adams is another active member of the team.
Praxisleiter:
Jeremy Leese
Weitere Kernanwälte:
Brian Holdipp; Mark Adams; De Waal Nigrini
Referenzen
‘The team is able to provide effective advice and contextualize for non-Bermudan attorneys and clients, and to bring to bear resources in all areas necessary for transactions (in this case, real estate transactions) across general corporate, as well as specialists for real estate and litigation.’
‘Mark Adams was a fantastic point of contact and coordinator for all of the Bermuda components of the transaction, and was able to handle the matter efficiently and in a manner that made the lives of the U.S. attorneys significantly easier.’
‘MJM has provided support for many years regarding compliance across multiple sectors, including Monetary Authority’s due diligence, regulatory and telecommunications.’
Kernmandanten
Avance Gas Holding Ltd.
Archer Limited
Borr Drilling Ltd.
Clarien Bank Limited
Flex LNG Ltd.
2020 Bulkers Ltd.
Golar LNG Limited
Golden Ocean Group Limited
Himalaya Shipping Ltd.
HSBC
Northern Drilling Ltd.
Northern Ocean Ltd.
SFL Corporation Ltd.
Highlight-Mandate
- Advised Eurazeo S.E. on its GBP355m investment in BMS Group.
- Advised ABG Sundal Collier and Pareto Securities on the USD250m Seacrest Petroleo IPO.
- Advised SFL Corporation Ltd. on its USD125m bond offering.
Wakefield Quin
Erik Gotfredsen and Ian Stone jointly chair the corporate department at Wakefield Quin, within which sits the firm’s finance offering. The team is adept at handling a range of mandates, including those involving banking and structured finance, public and private offerings, debt and equity securities, and reorganisations and restructurings. Real estate projects are also a key area of activity for group. Gotfredson is especially skilled in matters surrounding debt and equity offerings, while Stone’s core expertise lies in IPOs and capital market transactions.
Praxisleiter:
Erik Gotfredsen; Ian Stone
Weitere Kernanwälte:
Johann Oosthuizen; Alex Evans; Jemima Fearnside
Referenzen
‘Excellent. Always timely, always thoughtful, always commercial.’
‘Superb client service meaning availability, pragmatism, and deep experience.’
‘Ian Stone delivers.’
Kernmandanten
Accenture Group
Altamont Capital Partners
ATN International, Inc.
Bermuda Broadcasting Company Limited
Crédit Agricole Corporate and Investment Bank
National General Insurance Group
Nordic Trustee ASA
Seacrest Group
The Carlyle Group Inc.
VEON Ltd.
Highlight-Mandate
- Advised Crédit Agricole Corporate and Investment Bank on the refinancing of $2.6bn of letters of credit and term loan facilities in favour of McDermott International, Ltd.
- Advised Sonnedix Power Holdings Ltd on its syndicated loan financing of €500m to fund renewable energy pipeline projects.
- Advised Nordic Trustee AS, as bond trustee, on a $315m 4.5-year senior secured first lien Nordic bond issued by Shelf Drilling (North Sea), Holdings Ltd.