Carey Olsen has advised Apax Global Alpha Limited (AGA) on its listing on the main market of the London Stock Exchange (LSE).
The transaction involved the acquisition by AGA of more than €600 million in existing investments and the raising of €300 million in capital for new investments.
AGA is managed by Guernsey licensed manager Apax Guernsey Managers Limited and advised by Apax Partners LLP (Apax). It will invest in private equity funds advised by Apax and other derived investments.
Clifford Chance is the lead legal adviser to AGA and Aztec Group is providing administration and depositary services from its Guernsey Office.
Partner Christopher Anderson, who led the Carey Olsen team, said: "Many private houses aspire to establishing a listed permanent capital vehicle such as AGA. Its launch is a testament to Apax's excellent track record.
"The fact that Guernsey has been chosen as the domicile for such a prestigious fund, and that management of over €600 million in assets will move from Luxembourg to Guernsey as a result of the listing, speaks volumes for the island."
Matt Horton, Director of the Aztec Group, said: "The experienced teams involved have worked seamlessly to achieve the listing of AGA on the LSE. The success of this listing clearly demonstrates the appetite from investors to obtain exposure to funds advised by Apax and their continued confidence in Guernsey as a funds jurisdiction."
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.