Mourant Ozannes has acted as Jersey counsel to Mimecast Limited on its successful IPO on NASDAQ. Mimecast Limited, the parent of the Mimecast group, is incorporated in Jersey.
The email security group was valued at $540 million based on the IPO price. Mourant Ozannes also advised Mimecast on its pre-IPO group restructuring.
The Mourant Ozannes' team advising Mimecast was led by partner James Hill, senior associate Jon Woolrich and associate Jamie Wisbey.
James Hill commented: "It has been a pleasure working with Mimecast and its other advisers on this transaction. This IPO demonstrates the versatility of Jersey companies as listing vehicles." Jon Woolrich added: "Whilst Mimecast is not the first Jersey company listed in the US, it is the first US IPO by a Jersey company since Jersey introduced legislation specifically designed to facilitate US listings. After months of hard work it is fantastic to see Mimecast make it to market and we hope to see other companies follow in its footsteps."
Mimecast was advised by Taylor Wessing LLP as to English law and Goodwin Procter LLP as to US law.