Ogier acts for BGS Acquisition Corp on its proposed Business Combination

Ogier in the BVI has advised NASDAQ listed special purpose acquisition company BGS Acquisition Corp (NASDAQ: BGSC) ("BGS") on the BVI legal aspects of its proposed Business Combination with Black Diamond Holdings LLC ("Black Diamond"). 

The transaction, which is scheduled to close on or before 26 September 2013, is being structured as an all-stock transaction which values Black Diamond at an equity value of US$400m.

C&Co/PrinceRidge LLC acted as exclusive financial advisor to BGS, with Duane Morris LLP acting as BGS’ transaction counsel and Ogier acting as BGS’ BVI counsel. Messner Reeves LLP acted as Black Diamond’s counsel.  The Ogier team comprised Simon Schilder (Partner) and Lee Osborne (Senior Associate).