Ogier are acting as Jersey counsel to the Carlyle Group and the Applus+ Group in relation to the recommended cash offer made for Velosi Limited.
 
Velosi is a Jersey public company listed on the Alternative Investment Market (AIM) in London. With a presence in Asia, the Middle East, Africa, Europe and North America, Velosi is a leading provider of inspection, quality assurance, certification and testing services to the oil and gas industry. Velosi reported revenues of $184 million for the year ended 31 December 2009. As a result of the acquisition, the Applus+ Group will have reinforced its presence in emerging markets and broadened its service portfolio to the energy industry.
 
Following the acquisition, it is expected that the Applus+ Group will generate revenues in excess of €1 billion with 70% of its revenues coming outside of Spain.
 
Ogier's legal team comprised Chris Byrne (Partner) and Paul Burton (Senior Associate) who were assisted by Richard Daggett and Lucy Rogers.