Ogier's Guernsey team have advised on the investment in IT company Next Generation IT Limited by the Guernsey Investment Fund PCC Limited acting on behalf of GIF Technology & Innovation Cell.
The Guernsey Investment Fund PCC Limited was launched in 2018 investing in businesses which have a Bailiwick of Guernsey focus or which may benefit the development of the Bailiwick. The GIF Technology & Innovation Cell was the first to launch and aims to harness technology and innovation.
An Ogier team led by Group Partner Tim Clipstone advised on the corporate law elements of the transaction.
The team led by Tim included senior associate James Walsh, associate William Schofield and legal assistant James Dickinson.
Tim said: "We are pleased to have advised on another significant deal within the Guernsey business community, and to have highlighted our strength once again in respect of transactions within the tech/IT space."
Next Generation IT Limited was formed in 2003 and provides IT services to Guernsey's business sector.