Mourant Ozannes advises on John Laing Environmental Assets Group Limited IPO

Leading offshore law firm Mourant Ozannes has advised John Laing Environmental Assets Group Limited (JLEN) on all Guernsey-related aspects of its listing on the main market of London Stock Exchange plc to raise gross proceeds of £160 million in its placing and initial public offering of Ordinary Shares.

The proceeds of the issue will be used to acquire the Initial Portfolio which consists of Investment Interests in:

• one solar project;
• three onshore wind farm projects;
• two waste processing projects; and
• one wastewater treatment project.

The Mourant Ozannes Guernsey corporate team comprised partner Darren Bacon, and senior associate, Richard Holden.  Darren Bacon said: "This is another successful fund launch for Guernsey in the alternative assets space and Mourant Ozannes has been delighted to advise JLEN on all aspects of Guernsey law relating to the deal."

Mourant Ozannes worked with lead London law firm Hogan Lovells International LLP to complete the deal.  Norton Rose Fulbright LLP advised both Barclays Bank plc (Sole Global Co-ordinator, Sponsor and Bookrunner) and Winterflood Securities Limited (Co-Lead Manager).