Ogier has advised Dutch professional services firm TMF Group on the acquisition (subject to regulatory approval) of State Street’s Private Equity and Real Estate (PERE) fund servicing business in the Channel Islands.
A cross-border Ogier team was led by Jersey-based Partners Matthew Shaxson and Sara Johns and Guernsey Partner Bryon Rees. They advised on matters of Jersey and Guernsey law that involved corporate, funds, property and employment specialisms and required a detailed understanding of the regulatory and funds regimes in Jersey and Guernsey.
TMF Head of M&A Stephen Long said: “This is an important acquisition for TMF Group as we continue our investment in the PERE fund administration space. It was a complex, multi-jurisdiction transaction.”
The Ogier team included Counsel Rachel Richardson (employment); Senior Associates Rebekah Agyeman (corporate), Michelle Watson-Bunn (corporate and funds), Tatiana Collins (funds), Wendy Walker (corporate), Will Austin-Vautier (employment) and Martin Casas (real estate); Associates Gabrielle Saul (corporate and funds), Henry Simpson (corporate) and Daniel Whalen (funds); and Paralegal Gayoung McLellan (corporate).