Bedell Cristin's Jersey corporate and finance team has advised private investment firm McIntyre Partners on a $100m issuance of senior secured notes and warrants for equity in Aurora Group.
A team led by Partners Guy Westmacott and Alasdair Hunter advised on the Jersey law aspects of the matter, working with US counsel Carter Ledyard (New York) and English counsel Marriott Harrison (London).
Guy and Alasdair were supported by Senior Associates Malcolm Ellis and Louise Ridgway.
The financing enabled McIntyre Partners and Velocity Partners, a private equity firm focused on the energy and industrials sector, to purchase the core business of Norwegian firm Moreld Group.
Moreld specialises in offshore engineering services for the energy and marine industries with estimated combined revenue of c.NOK5 billion ($484m) in 2023.