Mourant Ozannes has advised CTBC Bank Co on certain senior loan facilities in connection with the USD800 million acquisition of Tricor Holdings Limited, a provider of integrated corporate services, by Trivium Investment Limited (Trivium).
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, says: “This was a complex transaction and an excellent example of the strength of our global banking and finance teams, which worked together seamlessly across time zones to ensure completion of the deal. We’ve seen an increased number of instructions relating to leveraged buyouts, particularly with respect to global corporate and fiduciary businesses, in the last 12 months, and this reflects the confidence major financial institutions have in our team as a leading provider of offshore legal services in Asia.”
The Mourant Ozannes team acted as offshore counsel alongside Linklaters and provided BVI and Cayman Islands legal advice in connection with the financing arrangements relating to the acquisition. The Hong Kong team was led by Simon Lawrenson, with Partner Claire Fulton and Associate Peter Vas.
