Bedell Cristin advises Atlantic Leaf on its £152m acquisition by Jersey scheme of arrangement
11 August 2020
Bedell Cristin has advised Atlantic Leaf Properties Limited on all Jersey law aspects of its £152m acquisition by South Downs Investment LP, a wholly-owned subsidiary of investment funds managed by Apollo Global Management, Inc, by means of a scheme of arrangement.
With a primary listing on the Johannesburg Stock Exchange and a secondary listing on the Stock Exchange of Mauritius, Atlantic Leaf is a UK REIT that invests in UK real estate, with a focus on industrial and logistics assets.
Bedell Cristin worked closely with Java Capital, JSE sponsor and corporate advisor to Atlantic Leaf, to ensure that all relevant listing requirements were complied with when implementing the scheme.
The scheme became effective on 4 August 2020 and the acquisition is expected to complete on 17 August 2020.