Global Benefits Group is the world’s largest independent, fully integrated provider of international benefits.
The takeover was implemented by means of a scheme of arrangement approved by the Royal Court in Guernsey. The Appleby team advised Guernsey incorporated GBGI Limited (which was formerly listed on AIM) with all Guernsey law aspects of the scheme, which came into effect on 20 February 2019.
Appleby’s team in Guernsey consisted of Corporate Group Partner Andrew Harding and Dispute Resolution Partner Anthony Williams, supported by Counsel Chet Pohl and Associate Gary Orritt. Appleby worked alongside Allen & Overy LLP who acted as lead counsel to the target company.
Speaking on the transaction, Andrew Harding commented; “We are delighted to have advised GBGI Limited on this deal which is a clear demonstration of our expertise in assisting with complex transactions of this nature.”
Appleby has also advised on recent similar Court-sanctioned schemes in respect of takeovers in both Jersey and the Isle of Man.