Supporting an Acquisition by Jersey Scheme of Arrangement

The Client

Atlantic Leaf Properties.

The Challenge

A multi-million-pound acquisition, involving a Jersey company investing in UK real estate.

Solution

Bedell Cristin provided legal advice on a multi-million.pound acquisition which demonstrated both the effectiveness of collaboration between jurisdictions and also the key role of Jersey’s court system.

The team from Bedell Cristin led by partners Bruce Scott, Sara Johns and Edward Drummond advised Atlantic Leaf Properties, a Jersey company investing in UK real estate, on its £152 million acquisition by funds managed by Apollo Global Management Inc.

Before the acquisition Atlantic Leaf’s shares were listed on the Johannesburg Stock Exchange and the Stock Exchange of Mauritius.

Results

The transaction was implemented by means of a scheme of arrangement approved by the Royal Court of Jersey; the published judgment illustrated the sophistication and forward-thinking approach of the Court in dealing with issues affecting Jersey and beyond.

Advisers from several jurisdictions including Bedell Cristin worked together to ensure all international aspects of the transaction were concluded successfully, with Atlantic Leaf now listed on The International Stock Exchange.

Headquartered in Jersey and with offices worldwide, award-winning law firm Bedell Cristin is recognised for its “encyclopaedic knowledge of transactional work”. The firm’s experienced Jersey corporate team consistently advises on cross-border mergers and acquisitions, capital markets transactions, global restructurings and multi-partner joint ventures.

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