Page 7

News

Follow us @blglobalnews

Sign up for email updates at www.blglobal.co.uk

Done Deals MERGERS AND ACQUISITIONS Guernsey-headquartered financial services group Oak, launched in March, is to merge with Jersey-based fiduciary business Fairway Group to create a consolidated business that can evolve globally. Oak has offices in Guernsey, the Isle of Man, Jersey, Luxembourg, Malta and Mauritius. The consolidation is subject to due diligence and regulatory approvals. IQ-EQ has completed the acquisition of Peru & Partners, a Paris-based private equity consultancy and fund administrator. Established in 2009, Peru & Partners adds fund administration, CFO services, GP and portfolio company accounting, and valuation services to IQ-EQ’s existing Paris business, Equitis, which offers fund management and escrow services. The new team will be integrated into the IQ-EQ group, but Peru & Partners will initially retain its brand. Jersey-based financial services business LGL Group is to acquire tax accounting firm Totalserve Management (Luxembourg). The transaction adds to LGL’s presence in Luxembourg, where LGL Corporate Luxembourg (LGLL) has been its servicing company since 2015. After a transitional period, the Luxembourg operations of LGLL and TML will be merged and their services marketed under the LGL Group brand. TML’s current owners will join LGL to lead the merged business. n

www.blglobal.co.uk

Mourant has advised private equity firm CVC Capital Partners on establishing CVC Strategic Opportunities II, which exceeded its €4bn target to reach total commitments of €4.6bn. It is CVC's second fund targeting investments with scope for capital appreciation over a longer investment period than the firm's traditional PE strategies. The Mourant team was led by LP Partner Felicia de Laat, with Counsel Matt McManus and Associate Olivia Palloch, working with lead counsel Simpson Thacher & Bartlett and Jersey administrator Saltgate. Appleby has acted as BVI, Cayman Islands and Jersey counsel for Vanke Property (Overseas) in relation to a due diligence exercise on five BVI, Cayman and Jersey targets and their subsidiaries in an acquisition and connected transaction involving a total cash consideration equivalent to HKD1,138.34m. Jersey counsel was provided by Managing Partner Wendy Benjamin. Carey Olsen has acted as lead counsel for the States of Jersey Development Company in the sale

of IFC 5 for £47.6m. Providing 69,000 sq ft of Grade A office space, IFC 5 has been sold to a local Jersey resident and property investor. The Carey Olsen team for the sale was led by Partner Alex Ohlsson, with support from Senior Associates David Taylor, Will Whitehead and Rebecca McQuillan. Collas Crill acted for the local resident and property investor, led by Partner Pamela Doherty and Of Counsel Fiona Wilson. Collas Crill has also acted as Guernsey counsel to SafeCharge International Group on its takeover by 11411802 Canada Inc (a whollyowned subsidiary of Nuvei Corporation) by way of a Guernsey scheme of arrangement. SafeCharge, whose shares were listed on the AIM market of London Stock Exchange, specialises in e-commerce payments. Canadian company Nuvei is also involved in e-commerce, primarily in the US and Canada. Collas Crill worked with London-based Addleshaw Goddard in advising SafeCharge. Its team included Partners Sean Cheong and Wayne Atkinson and Senior Associates Simon Heggs and James Tee. n

july/august 2019 7

Profile for BL Magazine

BL Magazine Issue 64 September/October 2019  

Why is cannabis making waves in the investment community? How can businesses build good relationships with journalists? And why should compa...

BL Magazine Issue 64 September/October 2019  

Why is cannabis making waves in the investment community? How can businesses build good relationships with journalists? And why should compa...