Carey Olsen and JTC support London listing

Posted: 15/11/2018

Carey Olsen's Guernsey funds team and funds service provider JTC have assisted CEIBA Investments in listing on the Specialist Fund Segment (SFS) of the London Stock Exchange. 
CEIBA is said to be the largest listed foreign investor offering investment opportunities into Cuba. Its portfolio includes a modern office complex in Cuba, four hotels and a development for a 400-room hotel. On admission to the SFS on 22 October, CEIBA had a market capitalisation of approximately £137 million.
Carey Olsen Partner Ben Morgan led the team advising CEIBA on its listing, assisted by Senior Associate Chris Hutley-Hurst and Associate Felicity White.
As part of the listing, CEIBA re-registered as a closed-ended investment fund in Guernsey, with JTC offering bespoke depositary-lite services for the new entity through its JTC Global AIFM Solutions service line in Guernsey.

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