Banking, finance and capital markets in Cayman Islands

Appleby

Appleby remains one of the go-to firms in fund financing, as well as offering a broad and strong service across structured finance, corporate finance, and the range of adjacent practice areas. The practice is renowned as lenders’ counsel and acts for a host of leading names including multinational banks and financial institutions on some of the most complex matters in the Cayman Islands market. Simon Raftopoulos coordinates the team and is the local corporate group head for the firm, taking a major role in the corporate finance matters. Benjamin Woolf is a further standout name, a leading figure in structured finance in the Cayman Islands. Jacob MacAdam assists across corporate finance, private equity, insurance and regulatory, while the banking and asset finance sub group is led by Caroline Barton. Georgina Pullinger is another in the corporate team with finance law expertise, and Dean Bennett is one of the firm’s go-to partners for transactional matters. Asset finance and subscription finance are the two main pillars of Alexandra Simpson‘s work in this area, and the hire of Maree Martin from Conyers in May 2024 bolstered the support team.

Praxisleiter:

Simon Raftopoulos


Kernmandanten

CIFC Funding 2023-II, Ltd.


Citizens Bank, N.A.


LumiraDX Limited


EverBank, N.A.


First Citizens Bank & Trust Company


MIZUHO BANK, LTD


J.P. Morgan Securities plc


NLC


Autochek


ING Bank N.V. as facility agent


Bank of America, N.A.


PNC BANK, NATIONAL ASSOCIATION


Capital One, National Association


CHC Group LLC


Höegh LNG Ltd (Höegh LNG)


RFA Capital Holdings (RFA)


Highlight-Mandate


Maples Group

Maples Group remains a stellar choice across the spectrum of work in banking, finance, and capital markets, with a client list that reflects this, being regularly instructed by some of the world’s foremost financial institutions, international banks, and stakeholders involved in major capital markets transactions. Collateralised loan obligations (CLOs) are a particular niche strength for the practice group, especially involving US entities. Tina Meigh is the firm’s global head of finance practice and of its fund finance offering. She has extensive knowledge across fund finance, banking, securities, global derivatives, and securitisations. In his capacity as head of Cayman Islands finance practice, and co-head of the asset finance practice, Jonathon Meloy is the lead contact for a number of high-profile clients, while James Reeve is the name to note for structured finance matters. Sherice Arman co-leads asset finance with Meloy. Anthony Philp is a strong choice for debt capital markets, corporate financing and asset financing, and younger partners Matthew St-Amour (raised to the partnership in January 2024) and Amanda Lazier are examples of the department’s strength in depth at every level. Specialist in repackagings and structured finance transactions Wanda Ebanks is also a key figure.

Praxisleiter:

Tina Meigh; Jonathon Meloy; Sherice Arman; James Reeve


Weitere Kernanwälte:

Anthony Philp; Amanda Lazier; Wanda Ebanks; Matthew St-Amour; Jonathan Brown


Referenzen

‘Maples’ team responds fast and offers various services for the Cayman companies. The team is knowledgeable and thoroughly reviews documents.’

Kernmandanten

Blackstone


TPG


Herbalife Ltd.


Bain Capital Credit


Goldman Sachs


IHG Hotels & Resorts (“IHG Group”)


Griffin Global Asset Management


Ares Management


KKR


Octagon


Highlight-Mandate


  • Advised Griffin Global Asset Management on the closing by GGAM Finance Ltd. of an aggregate principal amount of $1bn senior unsecured notes.
  • Advised Herbalife Ltd. on the closing of a private offering by HLF Financing SaRL, LLC and Herbalife International, Inc., with a deal value of $1.6bn.
  • Advised Azul S.A and its Cayman Islands subsidiaries on the Cayman Islands legal aspects of Azul’s comprehensive $2.25bn restructuring.

Walkers

The multifaceted finance practice at Walkers has a market-leading presence across the spectrum of matters in the Cayman Islands, excelling in matters that range from capital markets and structured financing, to cross-border syndicated, acquisition and project finance. For project finance transactions, hedge fund and private equity financings and financial restructurings, co-head of the department Rob Jackson is one of the most respected advisors on the islands. Alongside him leading the team is James Burch, specialist in debt capital markets and structured finance, is a noted presence in transactional matters. Joanne Ziegler is one of the up-and-coming practitioners in the jurisdiction when it comes to structured finance and debt capital markets, while asset finance, particularly in aviation, is the forte of Sarah Humpleby. Hugh Anderson and Justin Hart are key partners across both finance and corporate work, and Olga Sologub has stood out recently for her advice on SRT transactions. Adeola Adeyemi is building a notable practice in cross-border transactions, and Joe Healey is another name for the future.

Highlight-Mandate


Mourant

Mourant fields a ‘prompt and knowledgeable‘ finance group that has capability across the gamut of matters seen in the Cayman Islands. Major asset managers and investment banks are among those instructing the practice and matters handled include fund financings, matters in leveraged finance, CLOs, securitisations and warehousings. Alexandra Woodcock frequently advises leading finance institutions and private fund sponsors on structuring and executing financial transactions and restructurings. She co-leads the finance group with Catherine Pham, a senior transactional lawyer. Ramesh Maharaj is a noted advisor on private equity matters, restructurings and corporate finance transactions, while for joint venture arrangements and SPACs, Hayden Isbister is a key name. Senior partner Neal Lomax remains the contact at the firm for a number of international banks, and more junior partner Finn Howie specialises in fund finance, leverage finance, structured finance transactions and distressed debt restructuring. Andrew Grant is another younger example of the firm’s strength in depth, and counsel Marianne Wilson is frequently involved.

Praxisleiter:

Catherine Pham; Alexandra Woodcock


Weitere Kernanwälte:

Finn Howie; Neal Lomax; Ramesh Maharaj; Hayden Isbister; Andrew Grant; Marianne Wilson


Referenzen

‘Mourant quickly became our go to for Cayman counsel due to the depth of their staff, their attentiveness and prompt and knowledgeable response. They have gone out of their way to build a personal relationship with us.’

‘Alexandra Woodcock and Finn Howie have built a fantastic rapport with our team and have taken the time to fully understand our business. They can both be relied on to answer any random question and provide industry colour and insight even when not actively engaged on a transaction.’

Kernmandanten

Lloyd’s Bank


Credit Agricole


Wheaton Precious Metals International Ltd.


Highlight-Mandate


  • Advised Lloyds Bank on a senior secured facility that included a £1.5bn equivalent term loan A facility, a $2.68bn term loan B facility and upsizing its revolving credit facility to £1 billion and related inter-creditor matters by and among the finance parties and the Flutter Group.
  • Advising Credit Agricole on Cayman Islands law aspects of a refinancing involving the extension of maturity in respect of approximately $2.6bn in LC cash collateralization and term loan liabilities under the group’s facilities.
  • Advised Wheaton Precious Metals International on its precious metals purchase agreement and related financing with Lumina Gold in relation to Lumina’s Cangrejos gold-copper project in Ecuador.

Ogier

A broad range of specialisms characterises the offering across banking, finance and capital markets at Ogier, a team that acts in major matters across fund finance, restructuring and insolvency, structured finance, equity and debt capital markets, asset finance, and CSX listings. Its fund finance work stands out for a combined offering between the firm's Cayman and the Luxembourg offices, while another differentiator is the firm's expertise acting for clients based in Latin America. Practice head James Heinicke excels in fund finance matters and is notable for the aforementioned Latin America knowledge, and Mark Santangeli has established himself across the spectrum of finance matters. Bradley Kruger is the corporate law practice head and expert across transactional matters, with Cynthia Anandajayasekeram a further name to note from the corporate team. Tommy Tuohy and Jasjit Grewal both receive client praise for 'exceptional service', and Laura O'Byrne regularly supports the partners.

Praxisleiter:

James Heinicke


Weitere Kernanwälte:

Mark Santangeli; Bradley Kruger; Cynthia Anandajayasekeram; Tommy Tuohy; Jasjit Grewal


Referenzen

‘One of Ogier’s highlights is the capability to render their service in multiple matters without losing the quality of excellence. Ogier is always very diligent and responsive during their service rendering. Whenever we reach out to them, they are very quick with the response and praise to solve our problems as fast as possible without losing the quality and effectiveness they provide. We are very satisfied with their service. The lawyers are responsive, efficient, and are very receptive to collaborating with our in-house legal, it is always a pleasure to work with them. They are exceptional at their work with financial regulation, corporate and regulatory matters.’

‘The team is composed of very dedicated, experienced, and professional people. They always give us the best support along with the most diligent attention to our needs. The team is very well prepared to handle any situation that comes their way.’

‘We engaged Ogier on a cross border financing across various jurisdictions . The team were friendly and professional and provided exceptional service. Their work was thorough and their advice was pragmatic. ’

Kernmandanten

Banco BTG Pactual


Kalamata.com


Inversiones Latin America Power SpA (ILAP)


Globalink Investment Inc.


Crown LNG Holdings AS


Energem Corp.


LatAm Logistic Properties S.A. (LatAm)


Perceptive Capital Solutions Corp


Churchill Sponsor IX LLC


Aimei Health Technology Co., Ltd. (Aimei)


Haymaker Acquisition Corp. 4


ARYA Sciences Acquisition Corp IV


Highlight-Mandate


  • Advising Globalink Investment on the Cayman Islands aspects of its $1.6bn business combination with Alps Global Holding Berhad.
  • Acted for Kalamata.com on its securitisation of up to $500m.
  • Acted for ILAP on the restructuring of its existing debt pursuant to a “prepackaged” Chapter 11 plan of reorganisation in the United States.

Campbells

Campbells' banking, finance and capital markets group works closely with its corporate law group in assisting clients with a variety of matters. Its strengths include corporate reorganisations; equity financing, particularly for tech companies; secured finance for lenders and corporate borrowers; and maritime, aircraft, and other asset finance. Managing partner and head of corporate Alan Craig oversees the group alongside transaction expert Richard Spencer. Edward Rhind draws client praise for his practice acting for banks, lessors, investment funds, family offices and owners on their financing, leasing and registration transactions. Alexandra Clynes is a further key name to note.

Praxisleiter:

Alan Craig; Richard Spencer


Weitere Kernanwälte:

Edward Rhind; Alexandra Clynes


Referenzen

‘Dynamic team who are always available to talk through concepts and able to delivery on what they promise. Edward Rhind is always a pleasure to work with and has a good team behind him to be able to assist on more complex matters.’

‘Edward Rhind is always helpful and available to answer any questions. Always responsive and adding value on a wide range of matters.’

‘Excellent service. Greater client care and focus on delivery compared to some of its peers. Deep sector understanding for an offshore firm, with all the usual offshore services of larger outfits.’

Kernmandanten

Phillips 66


Viking Global Investors LP


DNB Bank ASA


Banco do Brasil


Carbon Revolution Plc


Amigo Tech


ASAAS


Brandlovrs


NG Cash


Highlight-Mandate


  • Advised Phillips 66 on its £600m Eurobond listing on the Cayman Islands Stock Exchange.
  • Advised Banco do Brasil on its issuance of $750m senior unsecured notes.
  • Advised DNB Bank ASA and a syndicate of lenders on a $325m senior secured term loan facility.

Carey Olsen

A broad range of clients look to Carey Olsen for finance advice, the team’s workload covering acquisition, aviation, fund, and real estate financing. The firm also has an active capital markets offering, and in the fintech space has a notable specialism. Nick Bullmore heads the department, a corporate law expert with robust practices in investment funds and structured finance. Dylan Wiltermuth maintains a strong focus on public company work, private equity, financial services and the energy sector, while Richard Munden is an experience name in asset and fund finance. Alistair Russell, Trevor McCabe and Chris Duncan are further partners to note.

Praxisleiter:

Nick Bullmore


Weitere Kernanwälte:

Richard Munden; Alistair Russell; Dylan Wiltermuth; Trevor McCabe; Chris Duncan


Referenzen

‘We have worked with the team on a few deals, either as our legal counsel, or as counsel for the borrower and they have been faultless. Their attention to detail is outstanding and they are commercially astute, pragmatic and very proactive.’

‘Trevor McCabe was our first contact at Carey Olsen and he is the reason we will keep going back. Trevor is the nicest guy and a pleasure to deal with.’

Kernmandanten

Transocean Limited


Checkout Payments Holdings Limited


Ambipar Participações e Empreendimentos S.A.


Transocean Limited


Either.fi


Highlight-Mandate


  • Advised Transocean Ltd. on an upsized offering by its wholly owned subsidiary, Transocean Inc., of $1.8bn in aggregate principal amount of senior notes due 2029 and senior notes due 2031.
  • Advised Ambipar Emergency Response on the inaugural bond offering of $750m aggregate principal amount of 9.875% Senior Unsecured Green Notes due 2031 (the Notes) to eligible purchasers pursuant to Rule 144A/Regulation S.
  • Acting for the liquid restaking protocol ether.fi in respect to a $27m fund raising round led by Bullish Capital and CoinFund.

Conyers

Fund finance, structured finance, insurance finance, and asset finance are the notable strengths of the team at Conyers, which acts for a number of global banks, financial institutions and asset managers. For fund finance, a three partner team of Derek Stenson, Michael O’Connor and Anna-Lise Wisdom are the contacts to note, routinely acting for major US banks. Matthew Stocker, who has a broad transactional practice and is well versed in a variety of financing deals, heads the wider finance department. 'Pro-business and practical' Cora Miller is another with a broad finance offering, and Matthew Harkness is noted for borrower side fund finance work.

Praxisleiter:

Matthew Stocker


Weitere Kernanwälte:

Michael O’Connor; Anna-Lise Wisdom; Derek Stenson; Cora Miller; Matthew Harkness


Referenzen

‘Cora Miller is pro-business and practical. She and her team are always available and take on problems fast and with a problem solving mentality.’

Kernmandanten

Prime Group Holdings


Highlight-Mandate


Bedell Cristin

Joss Morris heads the financial services team at Bedell Cristin, which advises across real-estate finance, asset finance and general finance matters, including all aspects of related Cayman security. The Cayman-based group acts on transactions across the Middle East, US, the UK, and Asia. Morris is experienced in a wide range of financing arrangements. He is supported by Stephen Nelson, who has broad corporate and regulatory applications expertise.

Praxisleiter:

Joss Morris


Highlight-Mandate


Collas Crill

Collas Crill has a small team in banking and finance that continues to gain a stronger foothold in the market, advising corporates, financial institutions, issuers and sponsors. Its slate of recent work has included both lender and borrower side counsel, islamic finance, fund finance, and refinancings. Natalie Bell leads the fund finance and capital markets sides of the overall group, with Jo Hossack overseeing the banking and general finance offering.

Praxisleiter:

Natalie Bell; Jo Hossack


Referenzen

‘We have worked with Jo Hossack. She is responsive, forensic in her advice, creative, and solutions-orientated. Also very persistent. A pleasure to work with. Very strong in Caymans finance and security law and practice. Jo has also linked in their BVI office for help there when needed.’

‘Creative, precise and very responsive. We have had most contact with Jo Hossack. She has been exceptional over a prolonged period, in relation to a very complex and ongoing finance and security project.’

Kernmandanten

Wingspire Capital LLC


Axiom Asia Private Capital Pte Ltd


Deutsche Bank AG, New York Branch


3M Company


Shawbrook Bank Limited


Medvida Partners de Seguros y Reaseguros S.A. (Sociedad Unipersonal)


National Bank of Canada


Bank of Montreal


Highlight-Mandate


  • Advising a private bank on the provision of a $300m leverage facility to an Isle of Man private asset holding company, guaranteed by BVI and Cayman companies and secured against custody accounts in Guernsey.
  • Advised a Singapore private equity firm on subscription facilities for five of its Cayman funds, in amounts ranging from $20-50m.
  • Advising the seller in the provision of a master commodity murabaha agreement in respect of the acquisition of the Travelodge at Gatwick Airport via the acquisition of The Gatwick 2 Guernsey Property Unit Trust.

Harneys

Harneys maintains a strong fund financing offering and has also recently been active in IPOs. Loan and lease financings are further strengths. The department is jointly led by Christopher Hall, who is especially strong in the private equity and hedge funds spaces; and Matt Taber, who maintains a busy transactional practice in the financial services and investment funds industries. Louise Hayward supports on the full range of the groups foremost matters, while Daniella Skotnicki is noted for private funds work.

Praxisleiter:

Christopher Hall; Matt Taber


Weitere Kernanwälte:

Daniella Skotnicki; Louise Hayward


Referenzen

‘I am extremely satisfied with the services provided by Harney. What sets this practice apart is their unwavering commitment to client success and their ability to consistently deliver high-quality legal solutions. The team at Harney possesses exceptional strengths and key capabilities that potential clients should be aware of.’

‘The expertise and experience of the lawyers at Harney are unparalleled. They have a deep understanding of the law and its practical applications, which allows them to provide insightful and effective advice. The team is not only knowledgeable but also highly responsive, ensuring that clients receive timely and accurate information.’

Kernmandanten

J&T Global Express Limited


AAG Energy Holdings Limited


Metatech Holdings (trading as Nonco)


P2P Staking


UBS Switzerland AG


Vinci Partners Investments


Finfront Holding Company (BitFuFu)


Maiyue Technology Limited


Mobile-health Network Solutions


Highlight-Mandate


  • Acted as Cayman Islands legal counsel to AAG Energy Holdings Limited on its take-private transaction valued at approximately $347m.
  • Acted as Cayman Islands legal counsel to Finfront and Bitfufu on Bitfufu’s de-SPAC business combination with blank-check company Arisz Acquisition Corp.
  • Represented digital asset firm Nonco (Metatech Holdings) in a $10m seed capital fund raising.

Stuarts Humphries

Stuarts Humphries is well versed in domestic and multi-jurisdictional financial transactions, advising both lenders and borrowers on Cayman Islands counterparty issues. The practice particularly stands out for fintech advice. Jonathan McLean leads the team and his work in this area has a focus on cryptocurrency funds and digital asset-related entities. Managing director of the firm Chris Humphries is another key name to note, with a strong offering in funds and fintech. Head of the corporate team Megan Wright is an experienced advisor to finance sector clients, and Joseph Bates joined at associate level in March 2023.

Praxisleiter:

Jonathan McLean


Referenzen

‘They are very responsive. They do not pad bills and accomplish the task quickly. ’

‘I have been working with Chris Humphreys for over 15 years and he has always been very knowledgable, very professional and very responsive.’

Kernmandanten

Citibank


Fantom


Fungible Limited


Kinesis


Bullion FX


Meld Digital


EAPES


Highlight-Mandate


  • Advised Fungible on the establishment and formation of a US multi-million dollar global crypto exchange platform and counseled on various regulatory obligations.
  • Advised Citibank on the securitisation of various credit transactions ranging up to $400m.
  • Advised MELD Digital on the formation of a STAR trust and regulatory capital relief-focused vehicles for US multi-million dollar virtual asset entity.