Ogier Guernsey has advised on the launch of a new investment vehicle, DP Aircraft I Limited.
The fund has raised US$113 million through a placing and its 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 Limited is a 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 LLP provided English legal advice and Dexion Capital (Guernsey) Limited is the appointed administrator.
Frances Watson commented: "This transaction required a range of corporate, regulatory, finance and listing advice and we are very pleased to have assisted in its successful completion."
For more information about Guernsey's finance industry please visit www.guernseyfinance.com.
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