Ogier advises Cazenove Capital Holdings on £242m takeover by Schroders
Ogier has advised Cazenove Capital Holdings Ltd on its £424m recommended takeover by Schroders plc. The acquisition was subject to the rules of the UK Takeover Code and was completed using a Jersey scheme of arrangement.
Final Royal Court approval for the scheme was obtained on 1 July 2013 and the transaction became effective on 2 July.
Cazenove Capital is an investment business specialising in investment funds and wealth management and has a subsidiary office in Jersey servicing international, local and UK non-domiciled clients.
It has £17bn of assets under management. Its acquisition by Schroders brings Schroders’ total assets under management to around £250bn, adding £5.1bn to its funds business and creating a private banking business worth approximately £30bn.
The Ogier team was led by partner Raulin Amy and managing associate Sara Johns together with senior associate Sean Inggs on the corporate side. Senior associate Oliver Passmore led on the representation before the Royal Court and was supported by managing associate Emilita Robbins.
News from Ogier
News from The Lawyer
Briefings from Ogier
This judgment in the Court of Appeal considered an appeal on one part of the judgment of Lieutenant Bailiff Chadwick (the Judge) of December 2013.
The states approved the proposed Employment (Amendment No 8) (Jersey) Law 201- on 18 July 2014.