Appleby acted as offshore counsel to Merced Capital (“Merced”) on the restructuring and acquisition of the Telford Offshore Group (“Telford Offshore”) following a competitive sales process.
This complex transaction involved a multi-disciplinary Appleby team which was led by Managing Partner David Bulley and consisted of Managing Partner David Bulley, Counsel Ida Nylund and Associate Alejandra Gonzalez Saucedo from the Hong Kong Restructuring Group, Partner Fiona Chan, Associates Karina Li and Angelina Wong from the Hong Kong Banking and Finance Group, and Counsel Crystal Au-Yeung from the Hong Kong Dispute Resolution Group.
With investment firm Merced’s new capital, Telford Offshore, an offshore construction vessel owner and service provider, is well positioned to benefit from the recovery underway in the global energy industry and the associated robust demand for offshore services.
Commenting on the matter David said “This transaction once again highlights our strength in handling complex multi-disciplinary restructuring transactions after our recent successful restructuring deal acting for China Fortune Land Development Co., Ltd., I’m delighted to see that the Appleby Hong Kong restructuring group’s market leading reputation has been reinforced. With the recent addition of Lorinda Peasland to the team, we look forward to continuing to be involved in these complex mandates and to work with leading onshore legal and financial advisors.”
Our team regularly works with companies around the globe to help them deploy strategic growth and restructuring initiatives whether involving single jurisdictions or complex multi-jurisdictional, multi-disciplinary transactions.