LAWFUEL – The Lawyer Newswire – International law firm Clifford Chance has advised Sandpiper Bidco, a new company formed by Duke Street Capital, Europa Capital LLP and Uberior Co-Investments Ltd on the recommended takeover of C.I. Traders Ltd., the largest trading company in the Channel Islands for GBP 260 million in cash. Jersey legal advice was provided by Carey Olsen.
The Clifford Chance team was led by private equity partners Simon Tinkler and Kem Ihenacho with finance partner Robert Lee leading on debt finance. The team included Roseanne Eade, Tom Evans and Guillermo Guardia.
Simon Tinkler commented: “The transaction presented a number of interesting challenges. It was one of the first takeovers to be done in Jersey by scheme of arrangement and there was a complex pre-sale of part of the business to negotiate as well.”
C.I. Traders Ltd was advised by Latham & Watkins.