ISOLAS LLP is pleased to have advised Cheyne SVC Hybrid Credit Fund Investments SCA, Cheyne European Special Situations Fund Investments SCA and the Barings Group, as Arrangers/Lenders, together with Global Loan Agency Services Limited and GLAS Trust Corporation Limited, as Agent/Security Agent, on the Gibraltar-specific financing aspects of Balaena Group’s acquisition of APCL Group.
APCL Group is a leading British marine engineering company with operations across Birkenhead, Falmouth and Tyneside. The acquisition marks an important milestone for Balaena Group, owner of Gibdock, and further strengthens its position in the maritime engineering and shipbuilding sector. The transaction also reinforces Gibraltar’s strategic role as a gateway to the Mediterranean, with the enlarged group bringing together facilities across Gibraltar, Padstow, Tyneside, Birkenhead and Falmouth, creating a network of 12 dry docks serving both defence and commercial ship repair and refit work.
The ISOLAS LLP team was led by Partner Christian Hernandez, with key assistance from Associates Shakira Marsh-Finch and Anna Hernandez, and Legal Assistant Michelle Morgan.
Christian Hernandez commented:
“We are delighted to have supported Cheyne, Barings and the GLAS entities on this strategic financing. This transaction highlights the team’s depth of experience and expertise in complex, multi-jurisdictional financings, and our ability to deliver commercially focused Gibraltar legal advice at the very highest level.”
This transaction further reinforces ISOLAS LLP’s standing as a leading Gibraltar law firm for finance, corporate and transactional work.
