Appleby works with GBGI Limited on Guernsey acquisition

Tuesday 26 February 2019

Appleby’s Guernsey office has advised GBGI Limited on its acquisition by Elm Bidco, L.P., a limited partnership controlled by affiliates of Further Global Capital Management, L.P.

Global Benefits Group is described as 'the world’s largest independent, fully integrated provider of international benefits'.

The takeover was carried out through a scheme of arrangement approved by the Royal Court in Guernsey. The Appleby team advised Guernsey incorporated GBGI Limited (which was formerly listed on AIM) with all Guernsey law aspects of the scheme, which came into effect on 20 February 2019.

Appleby’s team in Guernsey consisted of Corporate Group Partner Andrew Harding and Dispute Resolution Partner Anthony Williams, supported by Counsel Chet Pohl and Associate Gary Orritt. Appleby worked alongside Allen & Overy LLP who acted as lead counsel to the target company.

Speaking on the transaction, Mr Harding said; “We are delighted to have advised GBGI Limited on this deal which is a clear demonstration of our expertise in assisting with complex transactions of this nature.”

Pictured top: Andrew Harding and Anthony Williams.