Conyers Dill & Pearman has provided Cayman Islands advice to Cayman Hotel Holdings, a subsidiary of Five Mile Capital Partners (FMC), pertaining to the $130m (£80m) refinancing of the Ritz-Carlton Grand Cayman property.

FMC is an alternative investment and asset management company that specialises in investment opportunities in real estate, debt products, structured finance, asset-based lending and financial services private equity, with investments in major properties in the US and the Caribbean.

The transaction involved the refinancing of the Ritz-Carlton Grand Cayman property by its new owners. The transaction involved eight firms of attorneys representing the varied interests of the parties.

The Conyers team of lawyers was made up of Kevin Butler, the partner in charge, and Olivaire Watler, leading the advice, as well as Hilary Brooks, Tania Dons, Richard Fear and Jonathan McLean.

Other news from Conyers Dill & Pearman

Dickson of Conyers discusses midshore and offshore jurisdictions in Asian Legal Business

In an interview with Asian Legal Business, Alan Dickson, head of Conyers Dill & Pearman’s Singapore office, discussed why offshore jurisdictions are here to stay despite the rise in midshore markets such as Singapore, Hong Kong and Ireland.

18 December 2013

Commenting on the competition that already exists between the established offshore financial centres and midshore jurisdictions, Dickson noted: ‘The entry of midshore jurisdictions means there will be more of it going forward, but the established offshore jurisdictions are successful for a reason — they are good at what they do.’

Conyers Dill & Pearman advises Kofax on corporate restructuring

Conyers Dill & Pearman has advised Kofax on a corporate restructuring by way of a scheme of arrangement under the UK Companies Act 2006 between Kofax and its shareholders, as sanctioned by the High Court of England and Wales.

16 December 2013

The scheme resulted in the creation of a new Bermuda incorporated holding company, Kofax Ltd, for the Kofax Group and the introduction of its shares to the premium segment of the Official List and to trading on the main market of the London Stock Exchange.

In addition, Kofax Ltd made an initial public offering of its common shares on the NASDAQ global select market in the US.

Carol Clarke and Neil Henderson of Conyers’ Bermuda office advised on this matter, working alongside Dechert in London and the US.