Leading Channel Islands law firm Bedell Cristin acted as Jersey and Guernsey counsel to RHJ International SA ("RHJI"), a Brussels-based financial holding company, in relation to the completion of its £225 million acquisition of Kleinwort Benson Private Bank from Commerzbank AG. The acquisition by RHJI encompassed both Kleinwort Benson Private Bank Limited and its Channel Islands arm, Kleinwort Benson Channel Islands Holdings Limited.

Throughout the acquisition process, Bedell Cristin in both Jersey and Guernsey advised on all legal and regulatory aspects relating to the transaction, including those relating to the banking, investment, fund administration and trust company businesses forming part of the Kleinwort Benson Group and which are regulated in the Channel Islands.

As part of our role, Bedell Cristin in the Channel Islands were instrumental in facilitating certain pre-completion restructuring steps, and generally assisting with closing formalities, ultimately helping RHJI to reach a successful and timely completion.

Bedell Cristin's head of corporate finance in Jersey, Peter Byrne, commented: "We were delighted to have assisted RHJI in their landmark acquisition of this well respected and very long established financial institution and believe this is a very positive development for the Channel Islands and the industry in general. Our involvement in this matter is another example of our strength in depth and our ability to offer a pan-Channel Islands approach to the provision of legal services."

The Bedell Cristin team comprised of Jersey partners Peter Byrne, Martin Paul, James Campbell and Tim Pearce, and Guernsey partners Mark Helyar and Kate Ovenden, with the assistance of numerous associates across all relevant practice areas in both Jersey and Guernsey.

If you would like any further details in relation to Bedell Cristin's corporate finance capabilities, please do not hesitate to contact Peter Byrne or Tim Pearce in Jersey and Mark Helyar or Kate Ovenden in Guernsey.