Ogier advises on high-profile €1.8bn acquisition

Friday 01 September 2017

A Jersey law firm has successfully advised on the acquisition of Allfunds Bank for €1.8billion.

Ogier assisted Hellman & Friedman with procuring the bank from Banco Santander, Intesa Sanpaolo, General Atlantic and Warburg Pincus, including a public offer of seven-year bonds to finance its acquisition.

Advising on all law-related matters, Partner Raulin Amy (pictured) led the team, assisted by Managing Associate Alexander Curry and Associate Tiffany Ager.

Freshfields instructed Ogier on corporate affairs, while Ropes and Gray supported the firm on issues surrounding bonds and financing. Latham and Watkins, meanwhile, worked on the bond, advising banks Goldman Sachs, Merrill Lynch, Banco Santander, Barclays, Citigroup and Morgan Stanley.

The bonds will now be listed on the International Stock Exchange, facilitated by Ogier Corporate Finance.

Raulin commented that Ogier was “delighted” that Hellman and Friedman had been successful in their acquisition bid, which he described as a “complex and high-profile deal.”

"This transaction highlights the ability to utilise both Jersey as a jurisdiction in cross border M&A deals and also Ogier's ability to assist with all M&A, finance and listing workstreams which clients often need,” he said.