A team of Jersey lawyers from Appleby, the world’s largest provider of offshore legal, fiduciary and administration services, has been named a finalist in the 4th Annual International M&A Advisor Awards. Winners will be announced at the 2012 International M&A Summit in New York on October 10th.
The awards recognise top dealmakers and cross-border transactions over the past year. Appleby received the honor of being named a finalist in the “Deal Financing of the Year” category for its involvement in the leveraged buyout of Four Seasons Health Care (“FSHC”), the United Kingdom’s leading provider of health and social care, by the Guernsey-based private equity group Terra Firma.
Appleby Partner, Mark Lewis, led the Jersey-based team advising on the financing of the buyout said: “We’re honored to be named a finalist by the M&A Advisor. Being regonised in this way is testament to the hard work lawyers and staff from across our network of offices put into this complex deal.”
Health Care Growth
The GBP 825,000,000 (US$1.27bn) leveraged buy out of FSHC by Terra Firma follows unprecedented levels of growth in recent years in the health care sector. Appleby’s team was primarily involved in the structuring and implementation of the bond issue used to raise equity for the deal, and the structuring of security across the offshore jurisdictions in which the FSHC operate. The number of parties involved in the matter, and the complicated nature of FSHC’s ownership structure and debt package made this transaction challenging in a number of aspects.
The M&A Advisor received nearly 230 nominations, representing more than 350 companies, and an independent panel of judges is now determining the award winners. The M&A Advisor has been honoring the world’s top M&A, financing and turnaround professionals since 1998.