Ogier in Jersey has advised Cazenove Capital on its GBP424m recommended takeover by Schroders.
The acquisition, which was subject to the rules of the UK Takeover Code, was announced on 25 March 2013 and was completed using a Jersey scheme of arrangement.
Final Royal Court approval for the scheme was obtained on 1 July 2013 and the transaction became effective on 2 July.
Cazenove Capital is an investment business specialising in investment funds and wealth management and has a subsidiary office in Jersey servicing international, local and UK non-domiciled clients. Cazenove has GBP17bn of assets under management. Its acquisition by Schroders brings Schroders’ total assets under management to around GBP250bn, adding GBP5.1bn to its funds business and creating a private banking business worth approximately GBP30bn.
Raulin Amy (pictured), head of Ogier’s Jersey corporate and commercial team, says: "We have been working with Cazenove since 2004 assisting with the structuring for their investment, banking and investment management businesses. It is great to be involved in deals with a local element to them and I am sure Schroders will give the Jersey business a strong platform for future growth."
Herbert Smith Freehills advised Cazenove Capital on English law.
