Ogier in Cayman and the British Virgin Islands (BVI) has acted with Mibank, Tweed, Hadley & McCloy to represent the the underwriters, led by Credit Suisse, Goldman Sachs and JP Morgan, on the $350m (£210m) initial public offering (IPO) by Nord Anglia Education, a Cayman company and the parent company of the Nord Anglia group of companies, on the New York Stock Exchange.
Nord Anglia Education is a premium schools organisation comprising 27 international schools, providing education to more than 17,000 students from pre-school through to the end of secondary education.
Ogier concurrently represented joint lead arrangers Goldman Sachs, JP Morgan, Credit Suisse and HSBC on a senior secured $515m term loan B facility and $75m revolving credit facility that closed alongside the IPO, refinancing substantially all of Nord Anglia’s outstanding indebtedness. The term loan B is believed to be the largest such syndication to date for a company headquartered in Asia.
The Ogier Cayman transaction team was led by senior associate Mark Santangeli with partner James Bagnall. The Ogier BVI transaction team was led by senior associate Christopher Newton with partner Ray Wearmouth.