Offshore global law firm Carey Olsen has retained its tier one position in Guernsey and Jersey for both its financial and corporate and investment funds advice in IFLR1000.
Clients said of Carey Olsen: “The best offshore law firm both in terms of service and for technical capability and drafting”, “very fast, strategically helpful advice” and "responsive, technical and excellent to deal with”.
International Financial Law Review 1000 (IFLR1000) rankings are based on extensive independent research over a 12-month period and serve as a definitive guide to the world’s leading financial law firms.
Stand-out deals across the four jurisdictions include:
- Working alongside Skadden Arps as BVI counsel to Permira on the sale of the majority of its stake in food brand company, Iglo Group, to Nomad Holdings for €2.6 million.
- Advising Bridgepoint on the Jersey, Guernsey, Cayman and BVI aspects of its management buyout of Appleby Fiduciary Business, the largest acquisition of an offshore fiduciary business to date.
- Advising Aviva on its £5.6 billion acquisition of Friends Life Group.
- Advising Coller Capital on the launch of its $7.15 billion CIP VII fund, with the Guernsey funds team recognised as “remaining one of the most active in the market with impressive market share for new fund launches”.
- Advising Sanne Group on its $65.8 million IPO.
A total of 20 Carey Olsen lawyers (nine of whom are newcomers to the rankings this year), have been recognised as ‘Leading Lawyers’ – a category that profiles individuals who have proven themselves to be among the best in their respective markets and who have a track record of innovative work – with five lawyers recommended as ‘Rising Stars’.
Carey Olsen chairman, John Kelleher said: “The integrity of rankings such as the IFLR1000 serve to underline Carey Olsen’s standing in the financial, corporate and investment funds sectors and it is heartening to know our commitment to excellence, with both our established experts and our rising stars, is considered noteworthy by our clients and peers.”
In the Caribbean, the firm's growing Cayman Islands practice has moved into tier three for financial and corporate advice and has remained in tier three for investment funds, whilst the firm’s BVI office is ranked for financial and corporate advice.