Gowling WLG’s investment funds team acted on the launch of Tufton Oceanic Assets Limited (“Tufton Oceanic”).

Tufton Oceanic will invest in a diversified portfolio of second-hand commercial sea-going vessels. Tufton Oceanic raised $91m by way of a placing and offer for subscription in conjunction with the admission of its share capital to the Specialist Fund Segment of the London Stock Exchange’s Main Market for listed securities.

The Gowling WLG team was led by investment funds partner Nick Heather who was assisted by associates Emily Troubridge and Kate Seabourne and tax partner Michael Murphy.