Mourant Ozannes recently advised CTBC Bank Co. Ltd. on certain senior loan facilities in connection with the US$800 million acquisition of Tricor Holdings Ltd., a leading provider of integrated corporate services, by Trivium Investment Ltd. Trivium is ultimately controlled by global private equity firm Permira.
Completion of the transaction was subject to the satisfaction of certain regulatory closing conditions, which required Mourant Ozannes to also advise with respect to detailed provisions of the BVI regulatory regime.
Lead Mourant Ozannes Partner Simon Lawrenson said the firm has seen an increased number of instructions relating to leveraged buyouts, especially involving global corporate and fiduciary businesses, in the past 12 months.
The Mourant Ozannes team acted as offshore counsel alongside Linklaters and provided BVI and Cayman Islands legal advice in connection with the financing arrangements related to the acquisition.
News source: Cayman Compass