Legal Services Private Equity Cayman Islands

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Valerie Walton
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1 Legal Services Private Equity Cayman Islands

2 Contents Why choose Ogier? 3 Supporting the full fund lifecycle 4 Representative private equity clients 5 A flavor of our experience 7 Our locations 8 Key contacts 10

3 Why choose Ogier? When you intend to do business in the Cayman Islands you need legal advice that is on point, fast, and fairly priced. Ogier in Cayman has been actively advising funds clients for over 25 years we know every inch of the legal terrain and our longstanding partner team shaped some of it. Ogier acts for multi-billion dollar sponsors across the spectrum of private equity and closed-ended investment structures. The quality of our client stable reflects the excellence of our technical capability and client service. With fewer conflicts of interest than key rival funds firms in Cayman, we also have a developed LP advisory practice. All funds great and small Our way of working is to leverage our resources quickly to your exact requirements, cutting through complexity to match tailored expertise with competitive fees. The union we offer of skill, attention and pricing is unique in Cayman and, in particular, makes us a natural selection for midmarket funds. Evolving with experience You don t pay for a learning curve when you instruct us. We understand the legal issues that arise in private equity funds - be it on fund formation, subsequent closings, secondary and downstream transactions or wind down and we get straight to it. Our experience in terms of both volume and complexity in all fund structures and their commercial objectives allows us to take a rounded view rather than a make it fit approach. A unique footprint We are also the only law firm to offer advice on BVI, Cayman Islands, Guernsey, Jersey and Luxembourg laws, the latter three jurisdictions used in particular where there is a European nexus. With Guernsey and Jersey used both as domiciles for GPs and for funds themselves; Jersey and Luxembourg with a particularly strong tradition in real estate funds; and Luxembourg used extensively in downstream portfolio company acquisitions and disposals, we not only understand the structuring considerations driving our clients decision-making, but are able to advise and execute cohesively across our network. Their responses to questions and solutions for various issues are insightful and accurate. Chambers Global, Cayman Islands, Investment Funds, 2018 Private Equity, Cayman Islands 03

4 Supporting the full fund lifecycle We provide a one-stop shop for private equity houses and their advisers and counsel on the following services: Ogier are the most responsive offshore firm I have worked with. They are very helpful and would always be my first choice. Chambers Global, Asia Pacific, Offshore 2018 Fund formation and ongoing fund operation, including regulatory advice Management/carried interest structures Portfolio company acquisitions and disposals Secondary transactions Listings: advice in relation to the listing of private equity investments Finance: advice in relation to borrowing by private equity, mezzanine and real estate funds Real estate: acquisitions and disposals by real estate funds Dispute resolution: advice in relation to management and investor disputes Adaptability Our Cayman private equity team forms part of our global Investment Funds service line without being separated into a stand-alone group. In Cayman, we have eight Investment Funds partners who do significant volumes of private equity work in addition to advising on every type of hedge fund product and a further twelve senior Investment Funds lawyers who undertake private equity work as a material part of their practice. This interdisciplinary expertise provides a particular advantage when advising on hybrid structures, limited liquidity funds for hedge fund clients, and other closedended funds with bespoke features. 04 Private Equity, Cayman Islands

5 Representative private equity clients Clients for whom Ogier regularly provides advice on private equity and other closed-ended funds include: African Development s Angelo Gordon & Co Ares Blackstone Real Estate Asia Blakeney CapMan Group Centerbridge s CMS Asset Management (HK) Coller Capital Ethemba Capital Gapstow Capital s Index Ventures Intermediate Capital Group Leonard Green & s Leopard Capital MetLife, Inc. Morgan Rio Capital Management Morgan Stanley Real Estate Mid Europa s Orange Capital s Capital Quadriga Capital Solus Alternative Asset Management Tourmalet Advisors Valiance Asset Management Limited Whiz s Inc X2 Resources They are a very strong firm and showed a dynamic and commercial approach which was very helpful. They really know their stuff. Chambers Global, Cayman Islands, Investment Funds, 2018 Private Equity, Cayman Islands 05

6 Nick Rogers, Cayman Very responsive, practical and provides great client service. Chambers Global, Cayman Islands, Investment Funds, Private Equity, Cayman Islands

7 A flavor of our experience Coller International s VI, L.P. Advised Coller Investment Management Limited in relation to the establishment of Coller International s VI (CIP VI). Coller Capital, the leading global investor in private equity secondaries, announced the final closing of CIP VI with commitments of $5.5 billion. CIP VI is a Guernsey authorised closedended investment scheme, comprised of Guernsey, Cayman Islands and other vehicles, and has been established primarily to pursue privately negotiated investments in the secondary market worldwide. Truman Capital Holdings Fund 1, LLC Advised Truman Capital Holdings on the establishment of a private equity master-feeder structure investing in residential mortgage loans and real estate property. The master fund was a Cayman exempted limited partnership and the feeder fund, a Cayman exempted company. The transaction involved significant negotiations with a strategic investor who was entering at the master fund level and was seeking aggregate capital commitments of $750,000,000 by the final closing. Centerbridge s, LP Acted as counsel to Centerbridge s, LP on its acquisition of a 40% interest in, and the related recapitalisation of, syncreon Ireland B.V. Ogier formed the holding company through which Centerbridge, GenNx360 Capital s, L.P. and various other vehicles held their interests. syncreon Global Holdings Limited is a leading global provider of customised supply chain services. GMEF GP, LLC (Gray Ghost Funds) Advised on the establishment of two Cayman Islands exempted limited partnerships in a private equity master-feeder structure, another Cayman Islands exempted limited partnership to act as their general partner and a Cayman Islands exempted company to act as investment manager to the funds. The transaction used all exempted limited partnerships in the fund structure and involved making private equity investments in microfinance institutions with the objective of achieving both capital appreciation and a positive social impact. Caribbean Law Firm of the Year Citywealth IFC Awards 2018 Private Equity, Cayman Islands 07

8 Our locations British Virgin Islands Ritter House Wickhams Cay II PO Box 3170 Road Town, Tortola British Virgin Islands VG1110 T F E bvi@ogier.com Cayman Islands 89 Nexus Way Camana Bay Grand Cayman Cayman Islands KY T F E cayman@ogier.com Guernsey Redwood House St Julian's Avenue St Peter Port Guernsey GY1 1WA T F E gsy@ogier.com Hong Kong 11th Floor Central Tower 28 Queen's Road Central Central Hong Kong T F E hk@ogier.com London 1st Floor 99 Bishopsgate London EC2M 3XD T F E london@ogier.com Luxembourg 2-4 rue Eugène Ruppert PO Box 2078 L-1020 Luxembourg T F E luxembourg@ogier.com Shanghai Room 3671 Level 36 Shanghai International Finance Centre Tower II No. 8 Century Avenue Pudong New Area Shanghai China T E shanghai@ogier.com Tokyo Nisso 23 Building Suite 801 Toranomon , Minato-ku Tokyo Japan T F E tokyo@ogier.com Jersey 44 Esplanade St Helier Jersey JE4 9WG Channel Islands T F E jsy@ogier.com 08 Private Equity, Cayman Islands

9 Private Equity, Cayman Islands 09

10 Key contacts Cayman Islands James Bergstrom T M james.bergstrom@ogier.com Angus Davison T M angus.davison@ogier.com Joanne Huckle T M joanne.huckle@ogier.com Bradley Kruger T M bradley.kruger@ogier.com Nick Rogers T M nick.rogers@ogier.com Giorgio Subiotto T M giorgio.subiotto@ogier.com 10 Private Equity, Cayman Islands Justin Savage T M justin.savage@ogier.com

Hong Kong Kate Hodson T +852 3656 6049 M +852

com Nicholas Plowman T +852 3656 6014 M +852

11 Hong Kong Kate Hodson T M kate.hodson@ogier.com Nicholas Plowman T M nicholas.plowman@ogier.com Tokyo Skip Hashimoto Managing Director T skip.hashimoto@ogier.com Private Equity, Cayman Islands 11

12 Legal and Corporate Services British Virgin Islands Cayman Islands Guernsey Hong Kong Jersey London Luxembourg Shanghai Tokyo Ogier provides practical advice on British Virgin Islands, Cayman Islands, Guernsey, Jersey and Luxembourg law through our global network of offices. Ours is the only firm to advise on these five laws. We regularly win awards for the quality of our client service, our work and our people. Ogier Global is Ogier s corporate administration business. Ogier Global (Cayman) Limited and its subsidiaries are regulated by the Cayman Islands Monetary Authority. Ogier Global (Jersey) Limited and its subsidiaries are regulated by the Jersey Financial Services Commission. Regulatory information can be found at ogier.com ogier.com

Legal Services Investment Funds Cayman Islands

Legal Services Investment Funds Cayman Islands Very responsive and easy to work with. Chambers Global, Global-wide, Offshore, 2018 Legal Services Cayman funds, no learning curve When you set up a Cayman