Ogier in Guernsey has advised on the launch of a new investment vehicle, DP Aircraft I, which has raised $113m (£70m) through a placing and whose shares have been admitted to trading on the Specialist Fund Market of the London Stock Exchange and to the Official List of the Channel Islands Stock Exchange (CISX).
DP Aircraft I is a new Guernsey company whose investment objective is to obtain income and capital returns for its shareholders by acquiring, leasing and selling aircraft. To pursue this objective, the company has used the proceeds of the placing, together with debt facilities, to acquire two Boeing 787 Dreamliner aircraft, which will be leased to an airline.
Ogier partner Frances Watson led the Ogier team and was assisted by managing associate Bryon Rees and senior associate Ann Halliday on matters of Guernsey law and to admission to the CISX. Norton Rose Fulbright provided English legal advice and Dexion Capital (Guernsey) is the appointed administrator.