20/10/2008
Ogier has advised Intermediate Capital Group PLC ("ICG"), a leading mezzanine and leveraged loan investor and third party fund manager, on the US$1.0 billion Intermediate Capital Asia Pacific Fund 2008 ("Fund II").
Ogier acted as Jersey legal advisor to ICG on the establishment and launch of Fund II and is also engaged to provide on-going fund administration services.
Fund II is strongly supported by existing investors, and has attracted several new investors from Asia and Europe. At US$1.0 billion, Fund II is double the size of the first fund, and is the largest dedicated mezzanine fund in the region.
Fund II will primarily make direct mezzanine investments in the financing of mid market Asia Pacific leveraged buyouts. In addition, Fund II is able to make equity co-investments and to purchase senior debt and mezzanine loans in the secondary debt market. Fund II will target a well-diversified portfolio by industry sector, geography, private equity sponsor and investment size to deliver superior investment returns on a risk-adjusted basis.
Michael Lombardi led the legal team at Ogier, supported by Niamh Lalor. Jane Pearce leads the Ogier team providing fund administration services.
