Ogier's Guernsey team has advised Disruptive Capital on the establishment and listing on Euronext Amsterdam of Disruptive Capital Acquisition Company, a Guernsey-incorporated special purpose acquisition company (SPAC) – the first SPAC on Euronext Amsterdam to be listed and traded in pounds sterling.
Disruptive raised £125m in an oversubscribed private placement of shares and warrants for the purpose of completing a business combination with a financial services business that is headquartered or has principal operations in Western and/or Northern Europe.
Founded in 2010 by Edmund Truell, a former Chairman of the British Venture Capital Association, Disruptive Capital is a private equity firm based in London, which seeks to make buyout, growth, early-stage venture capital and later-stage venture capital investments in Europe.
Partner Craig Cordle led the team alongside Partner Bryon Rees, assisted by Managing Associate Michelle Watson Bunn.
Ogier worked with Disruptive's English lead counsel, Herbert Smith Freehills, Dutch counsel Stibbe, Guernsey administrator JTC Fund Solutions (Guernsey) and Guernsey registrar JTC Registrars.
JP Morgan Securities and Cantor Fitzgerald Europe acted as joint global coordinators, advised by Allen & Overy. Van Lanschot Kempen acted as IPO and listing agent and BDO acted as external auditors of Disruptive.