Ogier has advised large Jersey business CPA Global on the disposal by its shareholders of a significant minority stake to Intermediate Capital Group (“ICG”) and their funds under management who will be investing in CPA Global alongside its management team.
The acquisition by ICG was sanctioned on 28 January 2010 by the Royal Court pursuant to a scheme of arrangement.
A cross practice group team at Ogier worked on all aspects of the transaction led by Raulin Amy, Business & Trust Law partner, advising on corporate matters and Matthew Thompson, Litigation partner, on all court related matters. They were assisted by Sean Inggs, associate, and Nicola Roberts, senior associate, as well as a corporate administration team led by Jo Freeman, Corporate Services Manager.
Raulin Amy commented: “Given the complicated nature of the scheme of arrangement and the tight timetable for the various court and shareholder meetings it has been a challenging transaction which has required tremendous efforts on the part of all concerned. We are delighted to be able to work with a local business such as CPA Global on an important deal like this.”
Ogier worked with lead lawyers DLA Piper and corporate finance advisor BDO in London.