European Union: Carey Olsen and Northern Trust support Castelnau group’s debut on the London Stock Exchange
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Carey Olsen and Northern Trust have supported Castelnau Group Limited in connection with its initial public offering (IPO) on the London Stock Exchange (LSE).
The investment company domiciled in Guernsey, managed by Phoenix Asset Management, recently launched on the LSE following a £ 178million (approx. US $ 245million) IPO. Castelnau focuses on investing in public and private companies with upfront investments, including companies providing digital analytics.
Carey Olsen’s team advising Phoenix Asset Management on all Guernsey legal and regulatory aspects of the IPO was led by partner Ben Morgan, with assistance from senior partner James Cooke and partner Kristina Mikhaylova.
Ben said: “We are delighted to have supported the Castelnau group in their successful entry into the specialty funds segment of the LSE. Our involvement demonstrates both Carey Olsen’s extensive experience in capital markets and Guernsey’s continued attractiveness as a jurisdiction for listed vehicles.
Northern Trust provides Castelnau Group Limited with a suite of asset management solutions, including fund administration, fund accounting, custody and custodian services.
Steve Tatters, COO of Phoenix Asset Management, said: “Northern Trust’s experience in supporting Guernsey domiciled investment firms with London Stock Exchange listings, combined with the breadth of its asset management solutions were among the reasons for this appointment. The Northern Trust team as well as our Guernsey law firm, Carey Olsen, have worked closely with us to support the successful IPO. “
Dave Sauvarin, Director of Northern Trust Channel Islands, said: “Guernsey continues to demonstrate its appeal as a jurisdiction supporting LSE listings with deep expertise in this area. Phoenix Asset Management’s decision to use Northern Trust in Guernsey as the hub of the Castelnau Group Limited’s LSE listing is a testament to the island’s depth of experience and reputation. “
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