The transaction included a facility for LV Care Group to redevelop one of their existing sites.

This was OakNorth Bank’s first Jersey law financing. Appleby Partner James Gaudin along with Associate Daniel Healy co-ordinated the Appleby team and led on the financing aspects, assisted by paralegal Angharad Prescott.

Partner Tim Hart and Counsel Jonathan Anderson advised on the real estate aspects of the transaction, whilst Partner Kyle Sutherland and Associate Melissa Wong provided Isle of Man advice.

Commenting on the deal James Gaudin said, “It’s been a privilege to work with OakNorth Bank on this significant financing arrangement and to advise them on their first Jersey based transaction. This is another great example of our cross-jurisdictional teams working together, to help provide the best possible outcome for our clients.”

Appleby’s highly experienced team has advised on some of the largest and most innovative real estate arrangements. Appleby’s clients include public and private companies, borrowers, lenders, lead managers and issuers on domestic and cross-border real estate financings, refinancing’s and restructurings, hotel owners and operators, retailers, developers and unit trusts.

Stuart Blair, Debt Finance Director at OakNorth Bank, said: “Nick and Chris have built an impressive business with a stellar reputation and we’re thrilled that our first deal with an operational business in Jersey is with them. We look forward to working with LV Care Group on future transactions, as we look to reinforce our own appetite to support the UK care sector throughout 2020.”

Fabien Bonavia, Senior Director, Legal and Transaction Management at OakNorth Bank, added:
“This was a challenging and rewarding transaction for us, especially given that the assets were located in Jersey, which is a relatively new jurisdiction for OakNorth. James and his team provided us with timely advice on quite a complex deal and their local law knowledge really helped us get this deal over the line”.

Share
Twitter LinkedIn Email Save as PDF
More Deals
18 May 2023 | Deals

Appleby leads on Suntera Global's expansion in Guernsey

Appleby’s cross-border M&A team has acted as lead counsel to Suntera Global in its acquisition of ...

7 Dec 2022 | Deals

Appleby acts on Transfer of Utmost Limited’s Entire Book of Long-Term Insurance Business

Appleby has acted as lead counsel on the transfer of Utmost Limited’s entire book of long-term ins...

26 Sep 2022 | Deals

Appleby Supports Northedge Investment into Friend MTS, a Leading Global Provider of Video Content Security Services

Appleby is proud to have acted as Jersey and Bermuda counsel, alongside Gateley PLC, to private equ...

20 Sep 2022 | Deals

Appleby’s Jersey & Guernsey Office Support Kelsian Group and Tower Transit on Purchase of Channel Islands’ Bus Companies

Appleby acted as Jersey and Guernsey counsel, alongside Eversheds Sutherland, to Tower Transit which...

22 Feb 2022 | Deals

Appleby Advises AXIAN Telecom on debut USD420 Million Notes Listing

Appleby has advised AXIAN Telecom in relation to the debut offering of USD420,000,000 7.375% Senior ...

18 Feb 2022 | Deals

Appleby advise Atrium European Real Estate Limited on its groundbreaking €1.45 billion merger with Gazit Globe Limited

Leading offshore law firm Appleby acted as Jersey counsel to Euronext Amsterdam and Vienna Stock Exc...

25 Jan 2022 | Deals

Appleby acts as Counsel to LondonMetric on acquisition of Savills IM Income & Growth Fund for GBP122 million

Appleby acted as Jersey counsel to LondonMetric Property PLC (“LondonMetric”) in connection with...

19 Jan 2022 | Deals

Appleby advises Suntera Global on acquisition of Nedgroup Trust

Leading Law Firm Appleby have advised Suntera Global on the acquisition of Nedgroup Trust.

9 Dec 2021 | Deals

Appleby advise TISE listed Atlantic Leaf Properties Limited on sale of its UK logistics portfolio

Leading offshore law firm Appleby acted as Jersey, Guernsey and Isle of Man counsel to TISE listed A...

5 Nov 2021 | Deals

Appleby act as Jersey counsel for climate tech firm "SparkChange" on first-to-market carbon investment product

Appleby has acted as Jersey counsel to SparkChange on the launch of an Exchange Traded Commodity (ET...