Carey Olsen has advised Atlantis Japan Growth on its merger with Nippon Active Value Fund, where AJG has rolled over its assets into NAVF in exchange for shares.
AJG is a Guernsey-based investment firm focused on long-term capital growth from listed Japanese equities of varying market caps. NAVF is a UK-based investment company which aims to target attractive levels of capital growth from investing in small and mid-capitalisation Japanese companies.
AJG’s assets have rolled over into NAVF in exchange for the issue of new NAVF shares to AJG’s shareholders, or an option of a cash exit for up to 25% of AJG’s issued share capital. The merger will result in a larger company with more shareholders, which is expected to improve the liquidity of shares.
The Carey Olsen Guernsey corporate team advising AJG consisted of partner Ben Morgan (pictured) and senior associate James Cooke, assisting onshore law firm Stephenson Harwood.