Press release
Northern Trust and Carey Olsen Support Castelnau Group’s London Stock Exchange Debut
Guernsey-domiciled, LSE-listed Investment Company is Focused on Investing in Public and Private Companies GUERNSEY--(BUSINESS WIRE)-- Northern Trust (Nasdaq:
About this update from Northern Trust Corporation
[{"type":"text","content":"\nGuernsey-domiciled, LSE-listed Investment Company is Focused on Investing in Public and Private Companies\n\n GUERNSEY--(BUSINESS WIRE)--\nNorthern Trust (Nasdaq: NTRS) and Carey Olsen have supported Castelnau Group Limited on its Initial Public Offering (IPO) on the London Stock Exchange (LSE).\n\nThe 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.\n\nNorthern Trust is providing Castelnau Group Limited with a suite of asset servicing solutions, including fund administration, fund accounting, custody and depositary services. The Carey Olsen team advising Phoenix Asset Management on all Guernsey legal and regulatory aspects of the IPO was led by partner Ben Morgan, with assistance from senior associate James Cooke and associate Kristina Mikhaylova.\n\nSteve Tatters, chief operating officer, Phoenix Asset Management, said: “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.”\n\nDave Sauvarin, head of Northern Trust Channel Islands, said: “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 Limited’s LSE listing is a testament to the depth of the island’s experience and reputation.”\n\nBen Morgan, partner, Carey Olsen, said: “We are delighted to have supported Castelnau Group on its successful admission to the Specialist Fund Segment of the LSE. Our involvement demonstrates both Carey Olsen's extensive capital markets experience and the ongoing attractiveness of Guernsey as a jurisdiction for listed vehicles.”\n\nNorthern Trust’s Global Fund Services business provides services including fund administration, global custody, investment operations outsourcing and capital market revenue enhancement solutions to global investment manag...