Northern Trust and law firm Carey Olsen have supported Castelnau Group on its initial public offering (IPO) on the London Stock Exchange (LSE).
The Guernsey-domiciled investment company, managed by Phoenix Asset Management, recently launched on the LSE following a £178 million (approximately US$245 million) IPO.
Castelnau is focused on investing in both public and private companies with initial investments including firms providing digital analytics.
Northern Trust provides Castelnau Group with a suite of asset servicing solutions, including fund administration, fund accounting, custody and depositary services.
Northern Trust’s global fund services provides fund administration, global custody, investment operations outsourcing and capital market revenue enhancement solutions to global investment managers.
Steve Tatters, chief operating officer at Phoenix Asset Management, says: “Northern Trust’s experience supporting Guernsey-domiciled investment companies with LSE listings, combined with its breadth of asset servicing solutions, were among the reasons for this appointment. Northern Trust’s team together with our Guernsey legal firm, Carey Olsen, worked closely with us to successfully support the IPO.”
Dave Sauvarin, head of Northern Trust, Channel Islands, comments: “Guernsey continues to demonstrate its appeal as a jurisdiction supporting LSE listings with a depth of expertise in this area. Phoenix Asset Management’s decision to use Northern Trust in Guernsey as the hub for Castelnau Group’s LSE listing is a testament to the depth of the island’s experience and reputation.”
