Walkers advises on Timber Fund takeover

Posted: 03/12/2018

Walkers' Guernsey office is advising Stafford Capital Partners on its takeover of Phaunos Timber Fund, a Guernsey-based closed-ended investment company that provides shareholders with a diversified portfolio of timberland and timber-related investments.

The takeover has been implemented by way of an all-cash offer of US$0.52 per Phaunos share, valuing the company at approximately $259.1 million. 

Stafford Capital Partners has $5.4bn under management and advice from over 75 institutional investors across Europe, US, Canada and Australia, providing investment management and advisory services in alternative assets. 

Founded in 2000, it has specialist investment teams in agriculture and food, credit, infrastructure, private equity, sustainable capital, timberland and venture capital. 

The Walkers Guernsey team involved in the transaction is led by Senior Counsel Kim Paiva, assisted by Associate Juliana Atere.

Ashurst is advising Stafford Capital on matters of English law.

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