Bermuda

IFLR1000 Reviews

Financial and corporate
Carey Olsen

The Bermuda office in Hamilton of full-service offshore law firm Carey Olsen was founded in 2017 and is known for its corporate department, which is made up of two partners and 12 lawyers. 

The firm itself was founded in 1898. Since then it has expanded to nine locations in Bermuda, BVI, Cayman Islands, Channel Islands, Cape Town, Hong Kong, London and Singapore. 

 

Focusses / specialisms

In financial and corporate law the firm advises clients in acquisition financing, general corporate financing, private equity and strategic acquisitions.

In addition to Bermuda law, the firm can also practice under BVI, Cayman Islands, Guernsey and Jersey law.

 

Key clients

Key clients for the firm include Allied Irish Banks, Bank of Ireland, Bridgepoint, MagicLab, Helix Underwriting Partners, Watford Holdings, BNP Paribas, Société Générale and National Australia Bank.

 

Research period review: 30th edition (2019/2020)

Throughout the research period the firm worked on a couple of private equity and strategic acquisitions, on both the buy and sell side. It also worked on a couple of acquisition financing transactions. 

 

Deal highlights: 30th edition (2019/2020)

Blackstone $3 billion acquisition of MagicLab

PPF Group €1.15 billion revolving facility agreement

Cox Hallett Wilkinson

Cox Hallett Wilkinson is a top tier commercial firm headquartered in Hamilton. It has an international presence through its membership in Meritas. Ernest Morrison is managing director of the firm.

 

Focusses / specialisms

Financial and corporate law is where the firm excels. It is a leading firm in its market for financing, restructuring, capital markets and M&A.

Wakefield Quin

Headquartered in Hamilton, Wakefield Quin is a notable Bermudan firm. Nicholas Hoskins serves as managing director.

 

Focusses / specialisms

The firm is proficient in financial and corporate work. It serves both local and international clients in financing, M&A and restructuring matters. It is experienced in advising investment funds.

ASW Law

ASW Law is a highly regarded firm specializing in corporate and commercial law. It is located in Hamilton. 

 

Focusses/specialisms 

The firm has an outstanding financial and corporate practice, which represents clients in acquisitions, corporate financing, bond issuances, tender offers and mergers. 

It works with a lot of firms in the banking and financial institutions industry, as well as with insurance and reinsurance firms. 

In addition to Bermuda law, the firm is able to practice in English law.  

 

Key clients 

Key clients for the firm include Covéa Mutual Insurance Group, AIG, Markel, Catalina Holdings, Prudential Insurance, Fidelity, State Grid International Development, Marubeni, Cosan, Stryker, BNY Mellon and Deloitte. 

 

Research period review: 30th edition (2019/2020) 

Throughout the research period in the capital markets practice area, it advised on many investment grade bond issuances, where the firm represented the issuers. 

In M&A the firm worked on multiple high value acquisitions, representing the buy side. 

 

Deal highlights: 30th edition (2019/2020) 

Aircastle / Marubeni merger 

Cosan $750 million 5.5% bond issue 

Stryker $5.4 billion acquisition of Wright Medical Group  

 

Client feedback: 30th edition (2019/2020) 

Investment funds 

“Efficient and they get the job done within the deadlines outlined.” 

“Efficient and commercial.” 

 

M&A 

“Incredible knowledgeable about everything that we need to know about financial service transactions, extreme creative (no one better) and totally responsive. I cannot think of a better law firm for us to work with and we work with many across the globe.” 

“Extremely responsive and knowledgeable. Great client service. Able to tackle unique, complicated issues.” 

“Very responsive.” 

“Responsive and constructive.” 

“The law firm dealt with the issues in a timely manner.” 

 

Restructuring and insolvency 

“Highly responsive, don’t overload cases and excellent knowledge of Bermuda practice.” 

Conyers Dill & Pearman

International law firm Conyers was founded in Bermuda in 1928 as the country’s first offshore law firm. Since then it has expanded to offices in the British Virgin Islands, Cayman Islands, Hong Kong, London and Singapore. In Bermuda, the top tier firm is located in Hamilton.  

 

Focusses/specialisms 

The firm is highly regarded for its outstanding financial and corporate practice, advising on high value deals. 

The firm acts for private equity and strategic companies in all matters in the financial and corporate practice including acquisitions – both buy and sell side, mergers, share offerings, private equity investments, restructurings, bond issuances, securitizations, corporate financing, IPOs and fund formations.

In addition to Bermuda law, the firm is also able to advise on BVI and Cayman Islands law. 

 

Key clients 

Key clients for the firm include Aircastle, Dream Global REIT, Invesco, Watford Holdings, Roivant Sciences, Weatherford International, Avolon Holdings, Nabors Industries, Castlelake, Start III, Algonquin Power & Utilities, Sensata Technologies and Sagicor. 

 

Research period review: 30th edition (2019/2020) 

During the research period the firm worked on a lot of buy side acquisitions. It also saw a lot of work in the debt and equity capital markets, especially bond issuances and share offerings. In the financial space, it worked on several ABS financing transactions. 

In 2019, corporate partner Michael Frith left the firm for Carey Olsen. 

 

Deal highlights: 30th edition (2019/2020) 

Blackstone Group $6.2 billion acquisition of Dream Global REIT 

Marubeni $7.4 billion acquisition of Aircastle 

Watford Holdings $3.6 billion Nasdaq common share offering