News 2010
November – Peachey & Co LLP acted as English legal counsel to the Hazel Cleantech Opportunities Fund 1 LP, a new VC/private equity fund established in Guernsey to invest in the cleantech sector.
October – Peachey & Co LLP acted for Argos Resources Limited (AIM: ARG.L), the Falkland Islands based exploration company focused on the North Falkland Basin, with regard to a contract for marine seismic acquisition services to be provided by Polarcus Limited. Rockhopper Exploration plc has simultaneously signed an identical contract with Polarcus, allowing Argos and Rockhopper to acquire seismic data in each company's adjacent licences and other areas.
August – Peachey & Co LLP advised the shareholders of beCogent Limited, a Scottish contact centre provider, in the £35m sale of the entire issued share capital to a subsidiary of the world’s largest contact service provider, the French-owned, Teleperformance SA.
July – Peachey & Co LLP acted for Argos Resources Limited in its successful admission to AIM and raising of £22 million (gross) through a placing of 70m ordinary shares in the capital of the Company with institutional investors arranged by Evolution Securities Limited. Peachey & Co LLP have acted as solicitors to Argos since 1998. Argos is an oil and gas exploration company with assets in the North Falkland Basin.
June – Peachey & Co LLP acted for Oncimmune Ltd in its successful now closed further funding round, enabling Oncimmune to launch its ground breaking cancer blood test (Early CDT-Lung Test) in the United States.
April – Peachey & Co LLP acted for the European Medicines Agency in the acquisition of a further 33,000 sq ft of offices at Westferry Circus, Canary Wharf in a complex sub-letting at £949,000 pa from Morgan Stanley. The additional accommodation will service the increasing pharmaceutical licensing functions transferred to this EU Agency.
February – Peachey & Co LLP acted for Cuadrilla Resources in a group restructuring and a $58m capital investment led by Riverstone/Carlyle Global Energy and Power Funds managed by Riverstone Holdings LLC and AJ Lucas Group Ltd, a company listed on the Australian Stock Exchange. Cuadrilla is a leading unconventional oil and gas exploration and production company with assets in the UK, Poland and the Netherlands.
February – Peachey & Co LLP acted for Mariline Ltd of Bermuda in the acquisition and financing of the mt "Cisne Blanco" renamed "Mariline" and managed by Marinvest of Gothenburg, Sweden. The vessel has been placed on long term charter to Waterfront Shipping Company Ltd (part of the Methanex Corp group).
January – Peachey & Co LLP acted as English counsel to GulfMark Offshore, Inc (NYSE: GLF) in connection with a £200m secured term loan facility provided by The Royal Bank of Scotland plc (as lender arranger, agent and security trustee) governed by English law.
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