Statistics from Appleby show that Guernsey bucked the general
offshore trend and experienced substantial increases in both deal
value and volume when compared with the previous quarter.
A report released today by Appleby showed that despite a dip in
the value and volume of offshore deals in the third quarter of
2014, the year as a whole is on track to be among the best showings
for offshore M&A in the past decade.
The figures show that Guernsey was home to 64 deals with a total
value of US$1.82 billion in the third quarter of the year. This
represented a 28% increase in the number of deals and 43% jump in
deal value when compared to the second quarter of the year.
"The Crown Dependencies of Guernsey, Jersey and the Isle of
Man have all seen a rise in deal volume as compared to the second
quarter of 2014, up 28%, 11% and 59%, respectively," said
Jeremy Berchem, Corporate and Commercial Group Partner in
"Guernsey was also among the jurisdictions that saw the
most positive growth in deal value when compared to the previous
The latest edition of Offshore-i, an Appleby report that
provides data and insight on merger and acquisition activity in the
major offshore financial centres, focuses on transactions announced
during the third quarter of 2014.
According to the report, the third quarter of the year
experienced a 46% drop in total value of offshore deals when
compared to the exceptional previous quarter. Appleby noted,
however, that historically the Q3 2014 numbers are strong with deal
value up 25% over the same quarter in 2013.
"Overall, the year 2014 is set up to be a peak year for
value of deals conducted in our offshore markets," said
Cameron Adderley, Partner and Global Head of Corporate &
"The first three quarters of the year have a combined total
deal value north of US$200 billion, which has only been exceeded in
two years over the last decade. This year should surpass even those
two annual totals when the Q4 numbers are included."
In the third quarter of 2014, 626 deals were announced involving
offshore targets, which in combination were worth US$48.1billion.
Following the 677 recorded deals in Q2 2014, the quarter maintains
an impressive run of 600-plus deals per quarter that began in 2013,
the report found.
In addition, the average deal in the third quarter of 2014 was
worth US$77 million, making it the fifth most prosperous quarter
for average deal size since the start of 2010, a period of almost
20 quarters. For the first three quarters of 2014, Appleby said an
average of US$102 million has been spent on each transaction. Only
the boom year of 2007 has come close to that level, when the
average was US$100 million.
The third quarter boasts nine transactions worth in excess of
US$1 billion, and two that exceed US$2 billion. Appleby also noted
that deals worth less than US$100 million made up a significant
proportion of the quarter's spending, marking a welcome return
of activity in the lower end of the value chain.
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