Legal DealFolio - Riverstone Energy Limited LSE IPO

Riverstone Energy Limited (REL) is a newly-formed, Guernsey-domiciled, closed-ended company and has been advised by Carey Olsen, Heritage International Fund Managers (Heritage) and EY on the Guernsey aspects of its cross-border initial public offering (IPO) on the London Stock Exchange (LSE) Main Market which raised USD1.2 billion (GBP760.3 million). Admission of the shares occurred on 29 October which represents the biggest cross-border IPO on the LSE since November 2012 and is the most recent entry in a series of high-profile energy related vehicles to launch from Guernsey this year. REL has been established by New York-based energy and power focused private equity firm, Riverstone Holdings LLC (Riverstone). The investment objective is to generate capital growth by investing in the global energy sector with a particular focus on opportunities in the global exploration & production and midstream energy sub-sectors. REL will co-invest on certain investments alongside Riverstone's USD7.5bn Fund V which closed in June. The IPO by REL has been made by way of a successful placing, an offer for subscription and a private placing to selected cornerstone investors of ordinary shares. Carey Olsen Guernsey partner Tom Carey, senior associate Oliver Quarmby and associate Imogen Payne advised on the Guernsey law aspects of the IPO.

Deal Date:	30-10-2013	Practice Area:	Equity Capital Markets
Deal Title:	Riverstone Energy Limited LSE IPO	Industry:	Oil & Gas Producers
Description:	Riverstone Energy Limited (REL) is a newly-formed, Guernsey-domiciled, closed-ended company and has been advised by Carey Olsen, Heritage International Fund Managers (Heritage) and EY on the Guernsey aspects of its cross-border initial public offering (IPO) on the London Stock Exchange (LSE) Main Market which raised USD1.2 billion (GBP760.3 million). Admission of the shares occurred on 29 October which represents the biggest cross-border IPO on the LSE since November 2012 and is the most recent entry in a series of high-profile energy related vehicles to launch from Guernsey this year. REL has been established by New York-based energy and power focused private equity firm, Riverstone Holdings LLC (Riverstone). The investment objective is to generate capital growth by investing in the global energy sector with a particular focus on opportunities in the global exploration & production and midstream energy sub-sectors. REL will co-invest on certain investments alongside Riverstone's USD7.5bn Fund V which closed in June. The IPO by REL has been made by way of a successful placing, an offer for subscription and a private placing to selected cornerstone investors of ordinary shares. Carey Olsen Guernsey partner Tom Carey, senior associate Oliver Quarmby and associate Imogen Payne advised on the Guernsey law aspects of the IPO.
Financial Center:	Guernsey	Value:	1000.01-5000.00
Advised Party:	Issuer	Law Firm	Carey Olsen
Issuer Jurisdiction-	Guernsey	Listing Jurisdiction-	Guernsey
Classification:	Initial Public Offerings Channel Islands Stock Exchange	Lawyer	Tom Carey

Practice Areas -

Equity Capital Markets Law Firms and Lawyers

Practice Areas - Equity Capital Markets Law Firms and Lawyers