Guernsey: Guernsey Fund Recognised As £60m Deal Of The Week
Last Updated: 17 July 2008

A Guernsey fund has been named ‘Listing Deal of the Week’ by The Law Gazette.

Crystal Amber Fund Limited is a Guernsey incorporated closed-ended investment fund with a Guernsey incorporated and licensed manager and which raised £60m before expenses.

The objective of the fund is to build a concentrated portfolio of predominantly mid-cap UK companies (with typical market capitalisation of between £100m and £1,000m) and where necessary, take steps to enhance their value.

Carey Olsen Partner Ben Morgan, assisted by Senior Associate Geoff Ward-Marshall, advised City firm Norton Rose on the £60m fund’s listing on the Alternative Investment Market (AIM).

With fewer funds being listed on AIM in the current economic climate, the deal was selected by the Law Society’s weekly publication as the ‘Listing Deal of the Week’.

Advocate Morgan said: “This was an interesting and innovative deal to work on, which The Law Gazette recognition reflects. AIM has traditionally been home to smaller growth companies but in the current financial climate there is value to be had through activist funds, like Crystal Amber, which are expanding their influence on the stock markets.”

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