Next Generation Partners

Capital markets in Jersey

Bedell Cristin

Bedell Cristin focuses predominantly on overseeing a range of DCM transactions, handling high yield bond issuances and securitisation matters, but is also able to assist with equity deals, including REIT-led transactions and TISE listings. Alasdair Hunter, who heads the team, is able to draw on a wealth of experience advising on high yield debt listings and securitisation issues. Hunter is also able to advise US CLO issuers looking to market their products in Europe. Louise Ridgway handles both debt and equity listings on TISE.

Praxisleiter:

Alasdair Hunter


Weitere Kernanwälte:

Guy Westmacott; Louise Ridgway; Malcolm Ellis


Referenzen

‘Louise Ridgway is very responsive and client-focused. She gets matters completed with no fuss.’

‘The team is very pragmatic but also technically capable – the perfect combination in terms of transaction implementation. Very easy to work with, approachable and friendly.’

‘Guy Westmacott and Louise Ridgway were extremely responsive and very helpful, including accommodating ad hoc queries raised in relation to a separate project they weren’t engaged on. They gave very business-focused answers, but using their technical legal knowledge in an informed pragmatic way.’

Kernmandanten

Netflix Inc


First Quantum Minerals Ltd


Morgan Stanley


J.P. Morgan Securities


Bank of America Merrill Lynch


Lloyds Bank plc


U.S. International Development Finance Corporation


Barclays Bank Plc


Elite Commercial REIT


Highlight-Mandate


  • Acted as Jersey counsel to The Eastern and Southern African Trade and Development Bank on a transaction which used securitisation techniques to provide finance which ultimately allows low-income households in Tanzania to purchase affordable solar-powered home products.
  • Advised on a series of capital markets transactions with a $3bn aggregate value arranged by a US investment bank for their asset manager client.
  • Acted as Jersey counsel to a US CLO manager on several warehousing and CLO transactions.

Carey Olsen

Carey Olsen‘s practice spans both DCM work, including high yield bond issuances, securitisation work, and ECM work such as listings advice and assistance with redomiciliations. Leadership of the team is split between Simon Marks, who was named co-managing partner in July 2024 and whose practice encompasses bond issuances and structured finance transactions, and Guy Coltman, who assists with listings in both the UK and US. Kate Andrews acts for clients looking to issue bonds while also assisting on acquisition and fund financing matters. Matthew Ecobichon advises on transactions concerning TISE-listed securities, with Ashley Morrison acting on bond issuances and securitisation structures linked to credit card lenders.

Praxisleiter:

Simon Marks; Guy Coltman


Weitere Kernanwälte:

Kate Andrews; James Willmott; Katherine Tresca; Bryony Bird; James Kinsley


Referenzen

‘User friendly, flexible and very commercial.’

‘Very commercial and efficient.’

‘Carey Olsen is always reliable when we need a TISE listing agent for a high yield bond offering. They know the requirements as well as anyone and make issuer’s counsel’s life easier.’

Kernmandanten

Birkenstock Holding


Wentworth Resources


Highlight-Mandate


  • Advised Birkenstock Holding plc on its $8.6bn IPO on the New York Stock Exchange.
  • Acted as Jersey counsel for Wentworth Resources plc, a Jersey company previously listed on the AIM, on its £61.7m takeover by Maurel & Prom.

Mourant

A range of major financial institutions and corporates rely on Mourant for their securities issuances in Jersey, and the practice is also sought out by clients looking to list on TISE. In particular, the practice is known for its expertise in Jersey cash box structures, an area of expertise for Jon Woolrich, who leads the practice alongside Gareth Rigby, whose practice spans financing and M&A work. Amy Demetriou acts for clients ranging from investment banks to private equity houses on their securitisation and structured finance transactions. James Daniel shares these areas of focus. Paul Martin handles IPOs and SPAC transactions, including REIT listings.

Praxisleiter:

Gareth Rigby; Jon Woolrich


Weitere Kernanwälte:

James Hill; Paul Martin; Amy Demetriou; James Daniel


Referenzen

‘We work with Jon Woolrich and his team on equity capital markets and adjacent mandates for mutual listed company clients. The quality of advice, market knowledge and delivery to timetable is always excellent. They are our first port of call for Jersey law equity capital markets advice.’

‘Jon Woolrich has a wide and deep range of experience. The quality of his advice and market knowledge is impressive. He is a pleasure to deal with and always ensures the Mourant team deliver to timetable. I would have no hesitation in recommending him to others.’

‘Paul Martin is very approachable and takes a practical and efficient approach to his advice. He is really responsive.’

Kernmandanten

3i Infrastructure plc


Mimecast


Accsys Technologies


Superdry plc


Informa plc


Morgan Stanley


Breedon Group plc


Shire Plc


Ardian


London Stock Exchange Group Plc


Highlight-Mandate


  • Advised Citibank N.A., London Branch on an agency commercial mortgage-backed securitisation of a £289.8m commercial mortgage loan. The commercial mortgage loan is secured by a portfolio of 37 UK logistics properties.
  • Advised WPP plc in relation to the issue of €750m 4.125 percent notes due 30 May 2028 under its €6bn Euro Medium Term Note Programme.
  • Advised Blackstone on its takeover of LSE-listed Industrials REIT plc for circa £511m.

Ogier

Ogier supports clients undertaking the spectrum of capital markets transactions, advising on IPOs and private placements across the full range of offshore jurisdictions. Jointly leading the group are Bruce MacNeil, an expert in bond issuances and derivatives transactions, and Raulin Amy, whose practice includes listing advice and refinancing issues. Katrina Edge is noted for her work on structured finance deals, while Alexander Curry oversees London and New York IPOs as part of a broader transactional practice. Simon Felton departed the firm in June 2023.

Praxisleiter:

Bruce MacNeil; Raulin Amy


Weitere Kernanwälte:

Katrina Edge; Alexander Curry


Referenzen

‘Ogier is the only team I’d turn to on capital markets, securitisation and structured finance matters. I’ve worked with them for over 25 years and have always been impressed with their knowledge, their practicality and their helpfulness.’

‘I’d only turn to Ogier for Jersey and Channel Islands advice.’

‘Very responsive, proactive and efficient team.’

Kernmandanten

Greatland Gold Plc


Vue International


Metals Acquisition Limited


DWS Investments Limited


Greenlight Planet Kenya Limited


Livent plc


Crown LNG Holdings AS


AlbaCore Capital LLP


Etablissements Maurel & Prom S.A.


I(X) Investments LLC


MySale Group plc


SolGold PLC


Marlowe Plc


DWS Investments UK Limited


CleanTech Lithium


Clarivate plc


Invesco Asset Management Limited


Calisen plc


Pizza Express (Jersey) Limited


WH Smith PLC


Jet2 Plc


JD Wetherspoon


Biffa plc


Johnson Service Group


Trifast plc


Novocure Limited


Atotech Limited


Boohoo Group plc


The Law Debenture Trust Corporation plc


Wren House Infrastructure Limited


Glencore plc


MJ Hudson


Workspace Group plc


Centamin plc


Wizz Air Holdings


Barrick Gold


Heathrow Funding


Ackros Acquisition Limited


Seven Energy International Limited


IDB Trust Services


Islamic Development Bank


Kaisa Group Holdings Limited


Highlight-Mandate


  • Provided Jersey law restructuring and enforcement advice on a major global bank’s enforcement of security over a well-known newspaper group.
  • Advised NYSE-listed Metals Acquisition Limited in connection with a series of transactions to acquire the CSA Copper Mine in New South Wales, Australia from Glencore for a total consideration of $1.1bn.
  • Advised Greenlight Planet Kenya Limited on Project Nuru, a transaction where the receivables generated by Sun King customers in Kenya were financed through a Jersey securitisation vehicle, Sun King Financing Limited.

Appleby

Appleby is adept at both listings on TISE and the issuance of CLOs, advising clients from across the firm’s network on EU-compliant structures. Andrew Weaver oversees the practice, with Jersey managing partner James Gaudin handling structured finance facilities. Paul Worsnop and Tom Vibert are the key contacts for all matters tied to CLOs, while also handling a wide range of structured finance transactions. Simon Felton joined the group from Ogier in June 2023, specialising in advising securities issuers with debt and equity transactions, with Christophe Kalinauckas focusing on bond listings on TISE.

Praxisleiter:

Andrew Weaver


Weitere Kernanwälte:

James Gaudin; Simon Felton; Christophe Kalinauckas; Paul Worsnop; Tom Vibert


Kernmandanten

WE Soda Investments Holding Plc


Ephios Subco 3 S.à r.l.


Highlight-Mandate


  • Advised WE Soda Investments Holding Plc in relation to its debut offering of $980m 9.5% senior secured notes due 2028, which listed on TISE and were the first to be admitted to the TISE sustainable market segment.
  • Advised Ephios Subco 3 S.à r.l. in relation to its offering of €450m 7.875% senior secured notes due 2031, in connection with the financing for its public acquisition offer for up to 100% of the outstanding shares of SYNLAB AG.

Maples Group

Maples Group is well versed in assisting clients with structured finance facilities, with a notable niche in advising on US-originated CLOs, while also acting for clients listing securities on TISE. Jointly heading the group are Paul Burton, a specialist in both public and private debt issuances, and Mark Crichton, who focuses primarily on the structuring of Jersey aspects of cross-border capital markets transactions. Amy Black acts for clients on both sides of leveraged finance deals and is also able to advise on TISE listings.

Praxisleiter:

Mark Crichton; Paul Burton


Weitere Kernanwälte:

David Allen; Amy Black; Laura Hendrick; Daniel Perkins


Referenzen

‘The Maples team is fully on top of the legal issues affecting capital markets in Jersey.’

‘Maples Jersey is an experienced and cooperative team who can integrate into a cross border transaction with ease. Paul Burton and Amy Black were great in listening to what we were seeking to achieve and then helping craft the Jersey aspects.’

‘Paul Burton is very personable and willing to bounce ideas around whenever needed. He brings his experience to the table when we are seeking to create novel and innovative solutions to fulfil the client’s needs. Amy Black is equally capable and can lead the Jersey aspects of the most complex financial transactions.’

Kernmandanten

Allstate Investments, LLC


AGL Credit Management LP


ARES Management Corporation


Alliance Bernstein Private Credit Investors


Benefit Street Partners


Blackstone Credit


Ballyrock Investment Advisors LLC


Bain Capital Credit


Barclays Bank plc


Canyon CLO Advisors LLC


Citi Global Markets


Galaxy Pipelines Asset Holdings Limited


Invesco Ltd.


KKR Credit


MSD Capital


Newfoundland CLO I Limited


Neuberger Berman Loan Advisors


Nuveen Asset Management, LLC


Sound Point Capital Management LLC


Viridor Energy Group Limited


Willow No.2 (Ireland) plc


Highlight-Mandate


  • Assisted Citi with the establishment of a significant risk transfer structure, by forming a new Jersey bankruptcy remote special purpose vehicle issuer to act as an intermediary between Citi clients and Citi.
  • Mandated by Alliance Bernstein as collateral manager in respect of the establishment of the ABPCI Direct Lending Fund CLO XIII Ltd in Jersey together with static subsidiaries, including closing CLO note issue transaction.
  • Advised Serone Capital on the TISE listing of its PPN note issuance programme in connection with the establishment of its loan originator investment structure on a separate managed account basis.

Walkers

Walkers‘ capital markets team handles a broad spectrum of ECM and DCM transactions, with a particular strength in acting for CLO issuers in addition to overseeing TISE listings. Nigel Weston, who heads the firm’s Jersey banking and finance team, is a debt transaction and CLO specialist, in which Julia Keppe is also a key contact, adding experience of note issuances and warehouse deals. Dilmun Leach is adept at overseeing the listing of Jersey companies on the NYSE and NASDAQ.

Praxisleiter:

Nigel Weston


Weitere Kernanwälte:

Julia Keppe; Dilmun Leach


Referenzen

‘Walkers stands out for its exceptional expertise, client-centric approach, and innovative practices. Through advanced technology and transparent billing structures, Walkers exceeds client expectations, setting itself apart from other firms.’

‘Dilmun Leach and the Walkers team are at the cutting edge of capital markets work, working on Jersey’s first tokenisation platform. The Walkers team is responsive, pragmatic, and effective in providing high quality and often very technical legal advice.’

‘The Walkers team has strength in depth and quality. Their responsiveness is second to none, and they are always able to find a solution. They have shown particular strength in the Jersey CLO market. I would have no hesitation recommending Walkers to a client.’

Kernmandanten

Bracebridge Capital LLC


Bank Frick


Babylon Holdings Limited


Helium One Global Limited


Highlight-Mandate


  • Advised Bank Frick on the launch of a white-labelled structured notes and certificates platform that enables the bank to support third party investment managers to form a protected cell to follow the investment manager’s investment strategy and issue actively managed certificates to professional investors.
  • Advised Bracebridge Capital LLC as senior noteholder and one of the consortium partners in the distressed take-private of Jersey-incorporated NYSE-listed Quotient Limited.
  • Advised Babylon Holdings Limited and directors on capital raises, debt financing and bond issues as part of its restructuring and insolvency proceedings.