Mourant Ozannes has advised Kleinwort Benson Channel Island Holdings Limited on the Jersey and Guernsey legal aspects of its acquisition of Close Offshore for £29.1 million. Mourant Ozannes' Jersey office acted as Kleinwort Benson's primary offshore contact and coordinated legal resources in Jersey, Guernsey Isle of Man and South Africa.

Matthew Shaxson, Senior Associate, led a team comprising M&A, corporate, trusts, litigation and property specialists in Jersey and Guernsey and coordinated two external law firms advising on Isle of Man and South African matters. Linklaters advised Kleinwort Benson on English law matters.

Matthew Shaxson commented:

“Mourant Ozannes was the main offshore counsel to Kleinwort Benson Channel Island Holdings Limited advising on an interesting, and at times complex, acquisition that involved a co-ordinated cross practice and cross Channel Islands approach. Our firm was chosen for its expertise across Jersey and Guernsey, which means our client was able to draw on the considerable experience, industry knowledge and strength in depth of our lawyers.”

Angus Taylor, Managing Director of Kleinwort Benson in Jersey, added:

“Kleinwort Benson received a first class legal service from Mourant Ozannes in respect of its recent acquisition of the Close Brothers Offshore Group. The Jersey and Guernsey teams at Mourant Ozannes worked diligently to meet strict timelines and client demands and provided the Kleinwort Benson Group with highly specialised technical and commercial advice which was invaluable in closing the transaction.”

The transaction exchanged on 10 March 2011 and is subject to regulatory approval.