Bedell Cristin has advised Atlantic Leaf Properties on all Jersey law aspects of its £152m acquisition by South Downs Investment, a wholly owned subsidiary of investment funds managed by Apollo Global Management, by means of a scheme of arrangement.
The Bedell Cristin team comprised Bruce Scott (Partner), Sara Johns (Partner) and Laura Hendrick (Senior Associate) on the corporate side, and Edward Drummond (Partner) from the litigation practice.
With a primary listing on the Johannesburg Stock Exchange and a secondary listing on the Stock Exchange of Mauritius, Atlantic Leaf is a UK REIT that invests in UK real estate, with a focus on industrial and logistics assets.
Bedell Cristin worked with Java Capital, JSE sponsor and corporate adviser to Atlantic Leaf, to ensure all relevant listing requirements were complied with when implementing the scheme.
The scheme became effective on 4 August and the acquisition is expected to complete on 17 August.
Appleby acted as Jersey, Mauritius and Isle of Man counsel to South Downs Investment.