Bio

Garry Manley is a partner in our Isle of Man office who advises on a broad range of Isle of Man and BVI corporate transactions.  He has extensive experience of advising on domestic and cross-border mergers & acquisitions, joint ventures and venture capital/private equity investments, with a particular focus on regulated financial services and insurance businesses.

In addition to his M&A practice, Garry has a strong regulatory practice and frequently advises on the regulation of traditional and developing industries, including cryptoassets.  He is a pre-eminent thought-leader in respect of the regulated cannabis sector on the Isle of Man and is also distinguished in the area of economic substance, having been the only lawyer on the Isle of Man government’s public-private working group since 2019.

He received a First Class law degree from Oxford University, where he placed in the top 10 in his year and received numerous academic awards, including the Quadrant Chambers Prize for obtaining the highest mark in the university in one of his papers.  Before joining Appleby he practised for almost a decade as a mergers & acquisitions and transactional private equity specialist in the London, Hong Kong and New York offices of Cleary Gottlieb Steen & Hamilton LLP.

In addition to his advisory work, Garry frequently provides input into legislative developments across a broad range of topics.  He was closely involved in the development of the Isle of Man’s first merger control regime, and he has also been consulted about legislative developments in the areas of company law, cannabis regulation, economic substance and beneficial ownership.

Garry has received a number of industry accolades in recent years, including:

  • Top Recommended 40 Under 40, Citywealth Leaders List 2022.
  • Gold award for “IFC Lawyer of the year, partner”, Citywealth Future Leaders Awards 2021.
  • “Best private client advisers on the Isle of Man for high-net-worth individuals”, Spear’s 2021 and 2022.
  • “Rising Star Lawyer, Isle of Man”, IFLR Rising Star Awards Europe 2020 and 2021.
  • Silver award for “IFC Lawyer of the year, partner”, Citywealth Future Leaders Awards 2020.

Legal 500 UK describes Garry as “an outstanding corporate lawyer” who “knows how to get a deal done”.

Garry is a solicitor of the Senior Courts of England and Wales, an Isle of Man advocate and a solicitor in the Eastern Caribbean Supreme Court (British Virgin Islands).

EXPERTISE:

Recent examples of Garry’s representative work include:

  • Advising Blackstone on the €21 billion recapitalisation of Mileway, the largest private real estate transaction ever.
  • Advising SBTech (Global) Limited on its $3.3 billion three-way merger with DraftKings Inc. and Diamond Eagle Acquisition Corp.
  • Advising on the establishment of Erso Capital PCC Limited, a $1 billion litigation financing vehicle.
  • Advising STX Entertainment on its merger-of-equals with Eros International.
  • Advising International Financial Group Limited on the sale of a majority shareholding by Vitruvian Partners to Cinven.
  • Advising SOF-12 Cambridge BidCo Limited, a newly formed company owned by Starwood Funds, on its £467.9 million recommended cash offer for London-listed RDI REIT P.L.C.
  • Advising International Financial Group Limited on its acquisition of a 76% interest in Friends Provident International Limited for £259 million.
  • Advising the second Basalt Infrastructure Partners fund on its recommended takeover of AIM-listed Manx Telecom plc for approximately £255.9 million.
  • Advising TISE-listed Atlantic Leaf Properties, as part of a pan-Crown Dependency Appleby team, on the sale of its UK logistics portfolio for £242.1 million.
  • Advising Monument Re on its acquisition of LCLI International Life Assurance Company Limited and Charles Taylor Group’s other Isle of Man operations.
  • Advising IPS-Integrated Project Services, a portfolio company of Alleghany Capital, on its acquisition of Anchorbuoy Limited, the parent company of Linesight, a global consultancy firm.
  • Advising KKR & Co. on its acquisition of Prometic Bioseparations Ltd from Liminal BioSciences Inc.
  • Advising BGF on its $17.2 million investment in Myzone.
  • Advising Thomas Miller Investment (Isle of Man) Limited on the sale of its offshore private client investment management business to Canaccord Genuity Wealth Management.
  • Advising W.H. Ireland Group plc on the sale of W H Ireland (IOM) Limited to Ravenscroft Holdings.
  • Advising on a number of insurance business transfer schemes.
  • Advising on the establishment of a number of regulated collective investment schemes.

EDUCATION:

Oxford University (University College)

Updates

30 Jun 2022 | News

Appleby to support applications to disregard historical convictions for homosexuality

On Wednesday 29 June 2022, the Isle of Man Government granted full pardons to all people who were co...

Contributors: Mark Holligon
6 Jun 2022 | News

The Economic Crime (Transparency and Enforcement) Act 2022: An Isle of Man perspective

The Economic Crime (Transparency and Enforcement) Act 2022 (the Act) (an Act of Parliament) received...

Contributors: Sophia Howell Evans
31 Jan 2022 | Deals

Appleby advises BGF on investment in fitness tech company Myzone

Appleby advised BGF on its recent $17.2 million investment in Myzone, the global manufacturer of wea...

Contributors: Sophie Corkish
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...

17 Nov 2021 | News

Appleby Partner Garry Manley receives Citywealth IFC Lawyer of the Year Gold Award

Appleby partner Garry Manley has received the Gold award for “IFC Lawyer of the year, partner” a...

2 Sep 2021 | News

Three Appleby Lawyers shortlisted for Citywealth Lawyer of the Year awards

Appleby partners Garry Manley and Olwyn Barry have been shortlisted for the “IFC Lawyer of the yea...

Contributors: Olwyn Barry, Esmond Brown
15 Mar 2021 | Deals

Appleby advises on recommended cash acquisition of RDI REIT PLC

Appleby is acting as Isle of Man and BVI counsel to SOF-12 Cambridge BidCo Limited, a newly formed c...

4 Mar 2021 | Deals

Appleby advises on launch of new litigation funding business

Appleby’s Isle of Man office has advised on the establishment of Erso Capital, a new litigation fu...

19 Feb 2021 | News

Appleby partner Garry Manley named “Rising Star Lawyer” at IFLR Awards

Appleby partner Garry Manley has been named “Rising Star Lawyer for the Isle of Man” at the IFLR...

Publications

30 Jun 2022

Getting into the Weeds: Isle of Man Regulation of Global Cannabis Investments

The global cannabis industry has grown rapidly in recent years as a number of jurisdictions have lib...

Contributors: Sophie Corkish
18 Jun 2021

Isle of Man – Extension of Economic Substance Requirements to Partnerships and Limited Liability Companies

The Income Tax (Substance Requirements) Order 2021 was approved by Tynwald on 16 June 2021.  This O...

13 May 2021

Isle of Man: Mergers & Acquisitions Comparative Guide

First Published in Mondaq Comparative Guide, April 2021 This country-specific Q&A provides an...

21 Sep 2020

The role of Private Equity in economic recovery from Covid-19

Against this gloomy backdrop, we expect private equity firms and their investors to play a key role ...

21 Aug 2020

Investment Funds and ESG Investing – the Appleby perspective

In this article, we examine these trends from the perspective of our Appleby offices around the worl...

13 Aug 2020

Special Purpose Acquisition Companies (SPACS) make a comeback

In this global article on SPACs we revisit the basics, then look to each of our key jurisdictions fo...

19 Jun 2020

Warranty Claims: On time, but too late?

A recent decision in the English High Court highlighted the importance of buyers acting quickly if t...

4 Jun 2020

2019: The Isle of Man M&A year in review Part 1 – Why is it significant?

In this, the first of a two-part series, Garry Manley considers the significance of mergers and acqu...

31 Jan 2020

Brexit Day has arrived: What does that mean for Jersey, Guernsey and the Isle of Man?

Brexit Day has arrived, and at 11 o’clock this evening the UK’s EU membership will come to an en...

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