Challenger is a Guernsey company formed to undertake
acquisitions of companies or businesses in the entertainment and
Sean Cheong, Partner at Collas Crill Guernsey, said: "We
are delighted to be working with the principals of Challenger and
their advisers in this new venture. We look forward to supporting
Challenger in the acquisition phase of its growth."
The Challenger Board, comprising Mark Gustafson, Chairman,
Markus Kameisis, Chief Financial Officer and Gert Rieder,
Non-Executive Director, collectively has a proven track record of
raising money for listed entities, making substantial acquisitions,
and operating and growing a wide diversity of businesses, and
collectively subscribed for 700,000 shares on Admission.
Guernsey continues to lead on the number of non-UK entities
listed on the LSE. Data shows that at the end of January 2015 there
were 119 Guernsey-incorporated entities listed on the Main Market,
the Alternative Investment Market (AIM) and the Specialist Fund
Market (SFM). Guernsey is trailed by Jersey (90), Isle of Man (54),
Ireland (53), Cayman (51), BVI (44), Bermuda (41), Russia (34),
India (32) and the US (30).
Ms Cheong commented: "A significant proportion of the
Guernsey companies currently listed in London are investment funds;
however we are seeing increasing activity in other business
sectors. Both Guernsey and Jersey have developed strong expertise
in servicing and advising listed companies and remain attractive to
international businesses accessing the London Stock Exchange. There
is growing interest in our Channel Islands' offering amongst
Asian clients looking to raise capital in London on AIM."
Leon Santos, Group Partner at Collas Crill's Singapore
office, added: "Many small to mid-sized South East Asian
companies continue to be attracted to the London Stock Exchange, as
it gives access to a global pool of capital and because of the
efficiency of the listing process. Collas Crill is able to offer
clients responsive advice across the Asian and UK time zones, which
is key for clients based in Asia."
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