Bedell Cristin‘s ‘diligent, commercial and very user-friendly’ practice advises clients on a range of debt transactions, including securitisations, structured finance, high yield bonds and derivative transactions, and is increasingly advising on CLO matters. The firm is also frequently called upon to act as a listing agent, an area of expertise for practice head Alasdair Hunter, who also advises on securitisations and CLO deals structured through Jersey. Senior associate Louise Ridgway advises clients on debt and equity listings on TISE, with further expertise in matters concerning high yield bonds.
Capital markets in Jersey
Bedell Cristin
Practice head(s):
Alasdair Hunter
Other key lawyers:
Louise Ridgway
Testimonials
‘The Bedell Cristin team delivers a responsive, cost-effective and commercially focused service to us. The firm has provided us with commercially driven, clear and appropriate advice on a wide range of high-value, highly complex, multi-jurisdictional matters.’
‘They are pragmatic and easy to deal with and are extremely responsive and very practical. They are diligent, commercial and very user-friendly. They are simply very good lawyers who are also extremely knowledgeable and do not get bogged down in minutiae. They have excellent client handling skills and have the ability to manage complex real estate finance transactions with ease.’
‘Specialist in offshore legal services.’
‘Louise Ridgway is very proactive, supportive and practical.’
‘This practice is led by the market leader in Jersey. Alasdair Hunter has an incredible depth of experience, giving him a unique ability to find creative solutions and structure.’
‘Alasdair Hunter is a star. Always available, professional and expert. His team has real depth and I would recommend his senior associate Louise Ridgeway, who is excellent.’
‘Commercial, accessible and client friendly.’
‘Alasdair Hunter is very strong technically, user-friendly and always available.’
Key clients
Invesco
Allianz Global Investors
EliteCReit
Tullow Oil
Barings
Linus Digital Finance
Netflix Inc
First Quantum Minerals Ltd
Norfund
Morgan Stanley
JP Morgan Securities
Bank of America Merrill Lynch
Clermont Hotels
Lloyds Bank plc
U.S International Development Finance Corporation
Barclays Bank Plc
Work highlights
- Advised a group of investors, including US International Development Finance Corporation and Norfund, on a transaction which drew on securitisation financing concepts to develop sustainable energy use in Africa.
- Advised European infrastructure debt investors on senior bond financing provided to fund the acquisition of a portfolio of UK infrastructure assets.
- Advised US CLO manager on multiple CLO transactions structured using Jersey SPV issuers.
Carey Olsen
Carey Olsen‘s capital markets practice advises on the gamut of relevant transactions; this includes banking, securities and bonds on the debt side, while on the equity front, the firm frequently assists clients with redomiciliations and listings on the LSE. Practice head Simon Marks specialises in the debt capital markets space, with a focus on high yield bonds, securitisation and structured finance transactions. Kate Andrews regularly advises on acquisition and fund financing. Guy Coltman is noted for his experience handling IPOs and M&A deals, while counsel Matthew Ecobichon is noted for his work on high yield bonds issuances and securitisations. Senior associate Ashley Morrison advises on securitisation and structured finance transactions.
Practice head(s):
Simon Marks
Other key lawyers:
Kate Andrews; Guy Coltman; Matthew Ecobichon; Ashley Morrison
Testimonials
‘Carey Olsen is the go-to for variable funding note listings and legacy Jersey vehicles, in each case for securitisation transactions. They have a long history of being a market leader in this space. Very commercial, easy to deal with and know their stuff.’
‘Simon Marks is fantastic. Really great lawyer – knows what is needed and delivers on the commercial expectations with ease.’
‘The Carey Olsen Jersey capital markets team is different from its competitors because they are more creative in transaction structuring and speak in the language of New York and London lawyers. They are also commercial in the best possible way – working as hard or harder than anyone else, but with the judgment to raise only issues that truly matter and will affect the deal or create material risk.’
‘Kate Andrews is the person you want in the room when you want to know exactly how things can fall apart, and how to play out the game theory and range of alternatives available to all the critical players in a deal.’
Key clients
Avacta Group
Permira Group
States of Jersey
Wentworth Resources
Work highlights
- Advised Avacta Group on the private placement of £55m senior unsecured convertible bonds due 2027, issued by Addition Finance (Jersey), a wholly owned subsidiary of Avacta incorporated in Jersey.
- Advised the States of Jersey on its issuance of £500m 2.875% bonds due 2052.
- Advised Permira funds on the take-private of Nasdaq-listed Mimecast, valued at $5.8bn and effected by way of a Jersey law-governed court sanctioned scheme of arrangement.
Mourant
Situated within the firm’s finance and corporate practice, Mourant‘s capital markets offering advises on a range of matters spanning debt and equity transactions, with particular expertise advising on cash box structures. Beyond this, the practice is well versed in structured finance matters, while also handling an increasing number of risk retention structures concerning CLOs for both European and US clients. Gareth Rigby and Jon Woolrich head the practice together, focusing on REIT listings and equity raises, bond issuances and TISE listings. Robert Hickling advises on both debt and equity transactions, with further expertise in exchange-traded products. Paul Martin supports clients with the issuance of high yield and investment-grade bonds, while Amy Demetriou focuses on debt capital markets transactions.
Practice head(s):
Gareth Rigby; Jon Woolrich
Other key lawyers:
Robert Hickling; James Hill; Paul Martin; Amy Demetriou; Amy Wilson
Testimonials
‘Mourant are my go-to Jersey counsel for the jurisdiction. They are incredibly well connected and knowledgable about the local market.’
‘Amy Demetriou is an absolute star. A real pleasure to work with. Excellent commercial focus and client care.’
‘Mourant never fail to deliver effectively and to timetable on any corporate mandate on which they support us.’
Key clients
3i Infrastructure plc
Mimecast
888 Holdings plc
Angle plc
Informa plc
Morgan Stanley
Breedon Group plc
Shire Plc
Land Securities Plc
Ardian
London Stock Exchange Group Plc
Credit Suisse
Beazley plc
Serinus Energy plc
Wells Fargo Bank N.A.
Work highlights
- Advised Apex Group on the recommended all cash acquisition of the entire issued (and to be issued) ordinary share capital of Sanne Group.
- Advised Mimecast on its $5.8bn sale to Permira.
- Advised on the £350m cash box placing by insurance group Beazley.
Ogier
The capital markets team at Ogier assists clients with both debt and equity transactions, supporting companies in the crown dependencies with IPOs on a variety of stock exchanges. Cash box structures are a further area of expertise, with the practice advising on related placings and rights issues by listed companies. High yield and leveraged finance specialist Bruce MacNeil leads the group alongside Raulin Amy, who predominantly advises clients from the real estate and natural resources sectors on IPOs and restructuring matters. Alexander Curry is noted for his equity capital markets work.
Other key lawyers:
Alexander Curry
Testimonials
‘Ogier is across everything needed for Jersey requirements.’
Key clients
Greatland Gold Plc
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
Angel Trains
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
Work highlights
- Assisted with the restructuring and refinancing of a large cinema chain.
- Assisted Invesco, as advisor to the issuer, with its annual update of the Invesco Physical Bitcoin exchange-traded notes programme.
- Advised CleanTech Lithium on its successful listing on the AIM market of the London Stock Exchange.
Appleby
In addition to its work on public and private bond issuances and TISE listings, Appleby has grown its EU-compliant CLO practice, as well as advising Cayman-based clients on the migration of their businesses to Jersey. James Gaudin heads the practice, advising on structured finance deals and CLOs. Christophe Kalinauckas specialises in debt capital markets instructions, with a particular focus on TISE listings, while counsel Paul Worsnop advises on securitisation, structured finance and CLOs. Associate Tom Vibert has expertise advising on the span of CLO transactions, and Simon Felton joined the team in mid-2023.
Practice head(s):
James Gaudin
Other key lawyers:
Christophe Kalinauckas; Paul Worsnop; Tom Vibert; Simon Felton
Testimonials
‘Tom Vibert is very thorough and knowledgeable. He is always responsive and proactive on transactions, doing what’s necessary to get the deal over the line.’
‘The USP for this team is their practical and tailored commercial advice, they don’t hide behind legal jargon or caveats.’
‘The stand-out individual is Paul Worsnop! He’s accessible and practical with the advice he gives.’
‘The capital markets team has in-depth knowledge of securitisation and collateralised structures. Lawyers involved are friendly and approachable – and explain things in a clear, plain English way. The team have also been willing to provide ongoing training – which has proven invaluable.’
‘The team’s experience isn’t limited to their legal knowledge. They also draw on previous career experience and genuine personal interest in esoteric asset classes. Paul Worsnop (in particular) is excellent at understanding complex issues involving cryptocurrency and decentralised finance, having previously worked in the technology sector.’
‘The Appleby team is strong across the breath of financing transactions involving Jersey structures. They are on top of local regulatory and legal developments and quick to deal with tricky technical questions as they arise and provide practical solutions.’
‘Tom Vibert has great experience across the breadth of capital markets transactions. His background having acted as main transaction counsel on similar deals really shines through, which means that he has a deep understanding of the transactions and what is expected from local counsel. He is very responsive and a knowledgeable and friendly adviser.’
Key clients
Tenzing LLP
G City Europe Limited
Livingbridge EP LLP
Värde Partners L.P.
ECI Partners
Endless LLP
Work highlights
- Instructed as listing agent to advise Axian Telecom on its listing of $420m 7.375% senior notes due 2027 on the International Stock Exchange.
- Instructed as listing agent to advise ION Technologies and group companies on the listing of over $1bn notes on the International Stock Exchange.
- Instructed as listing agent to advise a number of portfolio companies of Endless on the listing of a number of notes on the International Stock Exchange.
Maples Group
Maples Group‘s ‘knowledgeable’ capital markets team advises clients on a range of debt transactions, including structured finance matters, CLOs and TISE listings. Jersey structure specialist Mark Crichton leads the team alongside Paul Burton, who focuses on structured note issuances and CLO matters. Of counsels Anna Cochrane and Amy Black advise on financing and debt listings. David Allen joined the firm from Carey Olsen in January 2023, augmenting the firm’s listings and M&A offerings.
Practice head(s):
Mark Crichton; Paul Burton
Other key lawyers:
David Allen; Anna Cochrane; Amy Black
Testimonials
‘This team is our go-to for debt listings for our clients. They are knowledgeable about the area and the requirements, willing to work for our clients and engage directly with them and are responsive.’
‘The individuals are responsive and available to answer random queries even when not engaged to assist on a matter.’
‘The team is always responsive and well informed on products and market developments.’
Key clients
Allstate Investments, LLC
AGL Credit Management LP
ARES Management Corporation
Alliance Bernstein Private Credit Investors
Benefit Street Partners
Blackstone Credit (CLO division)
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
Work highlights
- Advised Blackstone Credit on the close of a CLO note issue transaction.
- Assisted Bain Capital Credit with the migration of a merged LLC/Ltd Cayman SPV to Jersey to close a CLO note issue transaction.
- Advised Waldencast on its migration from the Cayman Islands to Jersey where the company completed its dual SPAC business combination and remained listed on NASDAQ.