Collas Day was instructed by SJ Berwin, London.
Syndicate Asset Management plc ('SAM') on its purchase of Insight Investment Management (CI) Limited from its parent company. Collas Day provided offshore legal advice to SAM and Memery Crystal advised on UK law.
SAM has acquired Insight (CI) to deepen its offshore fund management base and increase funds under management, as part of a strategy to provide a full spectrum of fund management services. It is the eighth acquisition in less than two years.
Following the purchase of Collas Day client Wallace Barnaby & Associates by AIM-listed Ekay plc the previous year, Collas Day acted on behalf of Ekay on the purchase of Campaign Management Associates Limited (CMA), an advertising, promotion and events management group based in the Channel Islands.
Collas Day was approached by Ekay plc directly.
RGI International Limited, a company specialising in property development in the Russian market, was advised on its admission to AIM and the raising of US$180m by an offer of shares.
Collas Day was instructed by White & Case, London.
Collas Day advised British Land on its first Guernsey property transaction, involving the purchase of a £19,25m retail property, leased to B&Q.
Fortis Property Holdings (Guernsey) Limited was advised on its £49.1m purchase of Martello Court and Dorey Court, the flagship offices of CI Traders at Admiral Park, as an investment property.
Landsbanki Islands HF on the purchase of the entire issued share capital of Cheshire Guernsey Limited from Cheshire Building Society. Collas Day undertook legal due diligence on Cheshire Guernsey, and advised on the negotiation of the share purchase agreement.
Cheshire Guernsey is licensed as a bank by the Guernsey Financial Services Commission, and hence it was necessary to ensure that Landsbanki were cognisant of the relevant Guernsey regulatory requirements.
The shareholders of R. W. Randall Limited, a well-known Guernsey company which has been brewing beer, operating pubs and hotels and supplying a range of outlets in the Channel Islands, since 1868.
Randalls owns 18 pubs, hotels and restaurants in Guernsey and the prominent Vauxlaurens Brewery in St Peter Port.
The shareholders sold their shares in Randalls to The Guernsey Pub Company Limited, which was formed by a consortium of private investors specifically for the purposes of the acquisition.
Advisers: Richard Ogier, Ian Kirk and Paul Nettleship
Punch Taverns plc on an all-cash acquisition of Spirit Group. Punch's GBP2.7 billion bid won on the back of its certainty of funding and the promised speed of completion. The deal created the UK's largest group of pubs and bars.
Advisers: Sean Cheong and Lisa Fisher
Indago Petroleum Limited, a Guernsey company, on its listing on AIM. The company raised $120 million from the listing. Collas Day supported the company and the company's English advisers, White & Case in order to prepare it for listing. Indago Petroleum, through its wholly owned subsidiaries, is a focused oil and gas exploration and production company. It has participating interests in, and is the operator of, six petroleum exploration and production concessions located in Oman and Ras AI Khaimah, UAE. These participating interests include Block 8, Oman, which contains the producing Bukha gas-condensate field and West Bukha, an approved gas-condensate development. Both fields are located off the Musandam Peninsula in Omani waters. The company is an active explorer and is planning to drill five onshore exploration wells targeting gas-condensate prior to the second quarter of 2007..
Advisers: Ian Kirk and Jason Romer
Royal Bank of Scotland International Limited (as Lender) in the £15,000,000 development finance made available to Admiral Court One Limited (a member of the ComProp Group of companies) in connection with the development of residential units at Les Banques, part of the prestigious Admiral Court development in St Peter Port.
Advisers: Ian Kirk and Lisa Fisher
Reassure UK Life Assurance Limited, Virgin Money Life Limited and Windsor Life Assurance Company Limited in the transfer of the Guernsey long term insurance business of Reassure UK and Virgin Money Life to Windsor Life.
Adviser: Sean Cheong
Allianz Cornhill Insurance plc and Britannic Unit Linked Assurance plc regarding the transfer of the Guernsey long term insurance business of Allianz Cornhill to Britannic.
Adviser: Sean Cheong
the promoters of Cobra Capital Limited, Equity Pre-IPO Investments Limited and Equity Special Situations Limited in their establishment as closed-end investment companies incorporated in Guernsey. Cobra Capital Limited was listed on the AIM securities market on 24th March 2004 and Equity Special Situations Limited on 16th August 2004. Both companies are strategic investment companies that aim for long term capital growth through their purchase, holding and sale of minority stakes in other companies and investment funds. Equity Pre-IPO Investments Limited has also been admitted to AIM. Collas Day worked closely with the local administrator of the companies, Mees Pierson Reads, in bringing these projects to a successful conclusion.
Adviser: John Lewis
Zurich UK Life Group in the transfer of long term insurance business carried on by several companies within its group in Guernsey, as part of Zurich’s proposal to simplify their overall structure.
Advisers: Sean Cheong, Chris Bound
Royal Bank of Scotland International Limited (as documentation bank, Agent, Security Trustee and Lender) and Fortis S.A./N.A. (as Lender) in the £34,500,000 development finance, hedge and letters of credit facilities made available to Commercial Properties Limited in connection with the development of Les Banques, part of the prestigious Admiral Court office and retail development in St Peter Port. The original facility is a club deal between The Royal Bank of Scotland International Limited and Fortis S.A./N.A., however the facility may later be syndicated more widely.
Advisers: Richard Ogier and Sally Ross-Basinger
Affiliated Managers Group, Inc. in the acquisition of four Guernsey fund management companies within the Genesis group and four Guernsey registered funds as part of a multi-jurisdictional transaction involving Simpson Thacher Bartlett as lead US lawyers and Freshfields Bruckhaus Deringer as lead English lawyers for the client.
Advisers: Sean Cheong, Paul Richardson, John Lewis
The States of Guernsey on a public/private project to build and manage a development of affordable extra-care sheltered housing units. The project is being financed by the Royal Bank of Scotland International Limited and the States of Guernsey, and will be developed by Housing 21 Guerney LBG, the local subsidiary of the UK registered housing association Housing 21, in consortium with Rosaire Sheltered Housing Limited. Housing 21 Guerney LBG will also provide the ongoing care and management services to residents of the units.
Advisers: Richard Ogier, John Lewis
Royal Bank of Scotland Debt Ventures in the purchase of a majority stake in the Condor Group (operators of Condor and Commodore Ferries) from the existing private equity investor, ABN Amro Capital Limited.
Adviser: Chris Bound
Royal Bank of Scotland plc in relation to the refinancing of the Condor Group (operators of Condor and Commodore Ferries) upon the purchase of a majority stake by Royal Bank of Scotland Debt Ventures from the existing private equity investor, ABN Amro Capital Limited.
Adviser: John Lewis
CI Traders Limited (an AIM listed company) in relation to the acquisition of the entire issued, and to be issued, share capital of ComProp Limited, a property investment company listed on both the Channel Islands Stock Exchange and AIM.
Advisers: Chris Bound, Sean Cheong
Royal Bank of Scotland International Limited in relation to the provision of facilities of up to £130 million to fund, amongst other things, the acquisition of the entire issued and to be issued share capital of ComProp Limited.
Advisers: Ian Kirk, Jason Green, Sally Ross-Basinger
Royal Bank of Scotland International Limited in the provision of finance for the development of sheltered housing accommodation in Guernsey.
Advisers: Sean Cheong, Richard Ogier, Joel Taylor
Qatar National Bank in relation to its acquisition of the entire issued share capital of Ansbacher Holdings Limited (a wealth management financial institution with offices in the Bahamas, Cayman Islands, Channel Islands, Switzerland and the United Kingdom) from FirstRand Limited, one of South Africa’s largest financial services groups.
Adviser: Ian Kirk
Kintyre LLP and clients of Scottish Widows Investment Partnership in the sale of the McKenzie L.P. property portfolio to clients of Insight Investments for a sum exceeding £150 million by way of transfers to several Guernsey limited partnerships.
Advisers: Ian Kirk, Joel Taylor and John Lewis
Hermes Private Equity and the management on the management buy-out of Walbrook International Limited from Deloitte & Touche.
Advisers: Ian Kirk, Sally Ross-Basinger and Paul Richardson
Coutts (Guernsey) Limited in connection with its migration to the Island of Jersey.
Adviser: Joel Taylor
Royal Bank of Scotland International Limited in the financing of the development of retail premises occupied by B&Q at Admiral Park, St Peter Port.
Advisers: Sean Cheong and Richard Ogier
The Royal Bank of Scotland International Limited in the financing of the acquisition and development at Lower Hirzel Street in St Peter Port (part of the Old Government House Hotel site) covering an area of approximately 20,000 square feet of office accommodation
Advisers: Sean Cheong and Richard Ogier
The syndicate of Banks and the Security Trustee on Guernsey law aspects of the recent restructuring of Marconi’s £4 billion debt obligations and related security arrangements
Advisers: Sean Cheong and John Lewis (on the instruction of Clifford Chance LLP) for the syndicate of Banks, Ian Kirk (on the instruction of White & Case) for the Security Trustee
Bank of Butterfield International (Guernsey) Limited in respect of a lease of 27,500 square foot of office accommodation at the Savoy development site in Guernsey
Adviser: Chris Bound
The Royal Bank of Scotland International Limited in connection with the financing of the acquisition and development of the Royal Hotel site in Guernsey
Advisers: Ian Kirk, Sean Cheong, Chris Bound, Richard Ogier and Joel Taylor
Royal Bank of Scotland plc on the financing of the acquisition of Condor Limited from Excom Limited, formerly Commodore Shipping Company Limited
Advisers: Sean Cheong and Joel Taylor
Excom Limited in the sale of its shipping assets and its subsequent reorganisation
Advisers: Chris Bound and John Lewis
Forester Limited, the Guernsey issuer of £400,000,000 fixed rate exchangeable bonds guaranteed by Man Group Plc
Advisers: Ian Kirk, Sean Cheong and John Lewis
William Hill Plc on the legal and regulatory aspects of its flotation under Guernsey law
Adviser: Sean Cheong
LPE Limited in the refinancing of the 110,000 square foot office development of Trafalgar Court in Guernsey
Advisers: Chris Bound and John Lewis
Bank Sarasin in its merger with Rabobank
Advisers: Peter Atkinson and Joel Taylor
NatWest Offshore Limited in connection with senior debt facilities made available to ComProp Limited to acquire the property portfolio of International Energy Group Limited
Advisers: Ian Kirk, Sean Cheong and Richard Ogier
Orange SA on the legal and regulatory aspects of its flotation under Guernsey Law
Advisers: Ian Kirk and Sean Cheong
Royal London Asset Management Limited in connection with the acquisition of the entire issued share capital of Union Fund Management (Guernsey) Limited and related companies
Adviser: Ian Kirk
Royal London Mutual Assurance Society Limited in connection with the transfer of the long-term business of Refuge Insurance Plc, Refuge Investments Limited and United Friendly Insurance Plc
Advisers: Ian Kirk and Sean Cheong
Royal Bank of Scotland International Limited in connection with the provision of senior debt facilities made available for the acquisition of the Heritage Group Limited from Polygon Group Limited
Advisers: Ian Kirk and Sean Cheong
Friends Provident Plc in connection with the demutualisation and transfer of business of Friends’ Provident Life Office to Friends Provident Life & Pensions Limited
Advisers: Ian Kirk and Sean Cheong
Ernst & Young, Guernsey on the disposal of its trust and corporate administration business to Royal Bank of Canada
Advisers: Ian Kirk and Sean Cheong
Wallace Barnaby, providing close support throughout the sale to Ekay plc and advised on all legal issues, including negotiation of the share sale agreement, employee issues, disclosure and a number of property-related issues.
Advisers: Ian Kirk and Lisa Upham
