First Active Bank Channel Islands Limited December 2007

The migration of First Active Bank Channel Islands Limited from Guernsey to Jersey and the subsequent merger in Jersey between First Active Bank Channel Islands Limited and Royal Bank of Scotland International Limited.

Deal Partners: Peter HarwoodMarcus Stone, and Andrew Bridgeford (Consultant).


Morgan Stanley & Co. International plc

The offer and issue of multiple series of preference shares in a closed-ended umbrella fund offering a wide cariety of types of investment return.

Deal Partner: Gavin Farrell and James Haughton (Associate)


Merrill Lynch International

The offer and issue of multiple series of preference shares in a closed-ended umbrella fund offering a wide variety of types of investment return.

Deal Partner: Gavin Farrell and James Haughton (Associate)


London & Stamford

One of the first registered closed-ended funds to be listed on AIM. Managed to raise substantial funds in difficult conditions. Property fund investing in the UK and elsewhere. Well known promoters in the property world.

Deal Partner: Paul Christopher


Cenkos Channel Islands Limited £10m December 2007

The first ever primary listing of a local trading company on the CISX. The placing represented 14% of the share capital of the company. Ozannes Securities Limited brought the company to market, acted as placing agent and was responsible for structuring and preparing the company in a manner to make it suitable for listing. This was a particularly significant project as it showcased that the necessary skills and expertise to enable the successful completion of such a project exists entirely within the Island.

Deal Partner: David Moore


In Vivo Capital LP

Private equity closed-ended limited partnership, which will make early-stage investments in the healthcare sector, more specifically in medical devices and diagnostics.

Deal Partner: Peter Harwood


Hermes Commodities Investment Fund Ltd

Acted for the above fund and manager, Hermes Investment Management Limited in the establishment of two new sub funds.

Deal Partner: David Moore


HarbourVest Global Private Equity Limited

Ozannes acted as Guernsey Law advisers on the establishment of, global offering for shares in, direct placing and listing on Euronext of a Guernsey corporate fund. The fund is capitalised to USD830 milion and is a fund of funds investing in HarbourVest Partners LP products as well as co-investing in direct investment opportunities.

Deal Partner: Peter Harwood


FF&P Enhance Operations PCC

An open-ended Class B scheme.

Deal Partner: Paul Christopher


FF& P Venture Funds

Creation of new cell, advice in relation to structure of previously created cell.

Deal Partner: Paul Christopher


Celadon PCC Limited

Acted on the establishment of the above investment fund and its management vehicle Celadon Management Limited and for its investment advisor International Asset Monitor Limited investing in derivative based baskets of hedgefund related securities leveraged via an option programme.

Deal Partner: David Moore


Atlas Estates Limited

Guernsey legal advisers to the company to facilitate further issue of shares and listings on the Warsaw Stock Exchange (no UK or Channel Island company has successfully achieved this before).

Deal Partner: Paul Christopher


B Sky B Finance UK PLC December 2007

Loan note programme approval and listing: approval of £400,000,000 loan note insurance programme by the Channel Islands Stock Exchange and listing of first tranche of loan notes under the programme, series 01-2007 £175,000,000 variable rate unsecured redeemable loan notes 2012.

Deal Partner: David Moore and Gemma Campbell (Trainee Solicitor)


Pallinghurst Resources (Guernsey) Limited

Establishment of a registered closed-ended fund investing in the global natural resources sector with a focus on the mining and minerals sector. The fund is listed on the Bermuda Stock Exchange.

Deal Partner: Paul Christopher and James Haughton (Associate)


Peter Hambro Mining Group Finance Limited 19 October 2007

The listing of the US$180 million 7% guaranteed gold equivalent exchangeable bonds due 2012 on the Channel Islands Stock Exchange.

Deal Partner: Peter Harwood


Ashursts September 2007

Ozannes acted for the Governor and the company of the Bank of Scotland as providers of bank funding for the acquisition by private equity investors of the CI Traders Group of companies. A security structure was put in place by Ozannes involving over 60 companies and 50 properties in Guernsey and Alderney.

Deal Partners: Peter Harwood and Edward Prentice


The Governor and the company of the Bank of Scotland September 2007

Ozannes acted for the Governor and the company of the Bank of Scotland as providers of Bank funding for the acquisition of the CI Traders Group of companies. A security structure was put in place by Ozannes involving over 60 companies and 50 properties in Guernsey and Alderney.

Deal Partners: Peter Harwood and Edward Prentice


Stirling Mortimer August 2007

Formation of closed ended property fund as PCC. Investing throughout the world, initial cells in Spain and Cape Verde. Listed on the CISX.

Deal Partners: Paul Christopher


Punter Southall/PSource Capital August 2007

Guernsey legal advisers in establishing a Guernsey closed-ended fund, PSource Structured Debt Limited, investing in a portfolio of asset-backed loans.

Deal Partners: Gavin Farrell, Helen Crossley and Tracey Powell


Slaughter & May July 2007

Two transactions in 2007:
1. Advising Provident Financial PLC on the Guernsey aspects of the sale of the Provident Insurance Group (it's motor insurance business, which includes two Guernsey companies) to Car Care Plan (Holdings) Limited (a subsidiary of GMAC Insurance Holdings Limited).
2. Advising on the Guernsey aspects of the demerger of Provident Financial's international home credit business, involving two Guernsey companies.

Deal partners: David Moore


Invista Real Estate July 2007

Advising on the Guernsey Law and Jersey Law aspects of the sale by Invista Real Estate of £325 million residential portfolio to the Wellcome Trust.

Deal Partners: Gavin Farrell


Invista Real Estate July 2007

Advising on the Guernsey Law and Jersey Law aspects of teh sale by Invista Real Estate of £325 million residential portfolio to the Wellcome Trust.


Provident Financial PLC July 2007

Two Transactions in 2007:
1. Advising Provident Financial PLC on the Guernsey aspects of the sale of the Provident Insurance Group (its motor insurance business which includes two Guernsey companies) to Car Care Plan (Holdings) Limited (a subsidiary of GMAC Insurance Holdings Limited).
2. Advising on the Guernsey aspects of the demerger of Provident Financial's international home credit business, involving two Guernsey companies.

Deal Partners: David Moore


Bencis Capital Partners July 2007

Guernsey legal advisers on the establishment of the Bencis Buyout Fund III. A fund which will focus on management buyouts of middle market comapnies in traditional industry sectors in the Benelux region with transaction size typically being bewtween €25 million and €50 million.

Deal partners: Gavin Farrell and Tracey Powell


In Vivo Capital LP April 2007

Private Equity closed-ended limited partnership which will make early-stage investments in the healthcare sector, more specifically in medical devices and diagnostics.

Deal Partner: Peter Harwood


New Star RBC Hedge 250 Index Exchange Traded Securities PCC Limited March 2007

Advised on the Guernsey legal matters arising from the placing and offer of further shares in the Company by means of a Security Note, and the admission of the shares to the official list of the London Stock Exchange.

Deal Partner: Peter Harwood and Benjamin Wrench


F&C Management Limited March 2007

Guernsey law advisers in establishing a Guernsey closed-ended fund, F&C Event Driven Limited, for investment in event driven hedge funds (i.e funds which take advantage of one time events such as mergers, takeovers, reconstructions and other corporate actions).

Deal Partners: Gavin Farrell, Helen Crossley and Tracey Powell


Marsh 31 March 2007

Amalgamation of Hinton Insurance Ltd and Rutherford Indemnity Ltd. - both captive insurance companies operated by Nuclear Decommissioning Authority.

Deal Partners: Peter Harwood and Helen Wyatt


Fauchier Partners LLP March 2007

Open-ended collective investment scheme listed on the Irish Stock Exchange and investing in hedge funds.

Deal Partners: Peter Harwood


Investec January 2007

Establishment of Euro Asian Basket Limited, a Guernsey closed ended fund, with shares listed on the Bermuda Stock Exchange with a fixed life investing in a fixed income instrument, for capital protection, and, in equity options issued by an international bank related to DT Eurostoxx 50 and Nikkei 225, for equity up lift.

Deal Partner: Paul Christopher


Japan Residential Investment Company Limited

Guernsey legal advisers in establishing a Guernsey closed-ended investment fund to invest in the Japanese residential property sector.

Deal Partner: Peter Harwood and Andrew Walters (Senior Associate).