Appleby Advises Vine Hill Capital on Its USD1.2 Billion De-SPAC Transaction with CoinShares
We are delighted to have advised Vine Hill Capital Investment Corp. on all Cayman Islands and Jersey law aspects of its de-SPAC business combination transaction with CoinShares, Europe’s largest asset manager specialising in digital assets with over US$6 billion in assets under management. Upon completion, CoinShares International Limited became a wholly owned subsidiary of CoinShares PLC, which now serves as the publicly listed parent company on Nasdaq under the ticker symbol “CSHR”.
The transaction was implemented through a Cayman statutory merger and Jersey scheme of arrangement with Appleby providing strategic offshore legal expertise to Vine Hill Capital throughout the transaction, working alongside Paul Hastings LLP as lead counsel.
The Appleby cross-border team was led by Cayman partner, Dean Bennett, and supported by Senior Associate, Alejandra Gonzalez Saucedo on the Cayman aspects of the deal, and by Jersey Partners James Gaudin and Paul Worsnop, supported by Senior Associates Daniel Richardson and Inyeneobong John Udoh and Associate Larissa Dezyk on the Jersey aspects of the deal.
This deal further highlights Appleby’s strength in complex cross‑border M&A and public company transactions and the market‑leading capabilities of its Band 1‑ranked Corporate team.
More information about the transaction is available here: CoinShares Begins Trading on the Nasdaq Stock Market
