Leading offshore law firm Mourant Ozannes assisted lead advisor Clifford Chance in advising Electra Private Equity PLC, on its £180 million acquisition of Ogier Fiduciary Services.
Electra Private Equity PLC, a London Stock Exchange listed investment trust, will invest £83 million of equity alongside investment from the current management team to facilitate the buyout which was signed on 1 February, currently subject to regulatory approval. Previously part of the Ogier Group, Ogier Fiduciary Services provides trust, fund and company administration services to corporate, private client and investment funds.
Matthew Shaxson, Managing Associate in Mourant Ozannes Jersey Corporate Practice led the Mourant Ozannes team. He said: “We were delighted to provide specific Jersey, Guernsey, Cayman and BVI legal and regulatory advice to Electra and to assist Clifford Chance on this transaction. Our global team was able to provide specific, multi-jurisdictional advice from a range of practice areas.” Mourant Ozannes’ corporate, regulatory, banking and property teams worked on the transaction.
The team was led by Matthew Shaxson with support in the BVI from Mike Williams and Nat Lurker; in the Cayman Islands from Rob Duggan; in Guernsey from John Lewis and Jane Rosen; and in Jersey from Helen Ruelle, Vic Cabot, Pamela Doherty and Rebecca Clark
Category: Finance & Business