A Guernsey-incorporated, sustainability-centric special purpose acquisition company (SPAC) has been admitted to trading on the Main Market of the London Stock Exchange (LSE). Ikigai Ventures Limited was established to acquire companies with a specific focus on sustainability and ESG strategy as part of their core business. Carey Olsen's Guernsey corporate team advised on the Guernsey legal and regulatory aspects of the admission.
In early September, Guernsey Finance led a delegation of Guernsey captains of industry to Cape Town. There they met representatives from a learning through charity, CoolPlay, to see first hand how it transforms the lives of youngsters through sport. Here, WE ARE GUERNSEY Chief Executive Rupert Pleasant shares his reflections on the trip It was an absolute pleasure for Guernsey Finance to lead a delegation of 32 Guernsey finance industry leaders down to Cape Town at the beginning of September.
Investment fund statistics for the second quarter of 2022 have been published by the Guernsey Financial Services Commission.
Guernsey’s reputation as a home for tech-focused fund managers has been reinforced with the successful launch and final close of Telstra Ventures Fund III. The fund has raised $350 million in commitments and aims to expand venture capital firm Telstra Ventures' diversified portfolio of technology-focused companies, offering entrepreneurs access to revenue growth and accelerated global reach. Carey Olsen and Langham Hall advised Telstra Ventures on the launch.
The Carbon Offset Sponsor for Guernsey Sustainable Finance Week has selected a reforestation project in Costa Rica and a local nature conservation charity as its two beneficiaries. Through its sponsorship, The International Stock Exchange (TISE), headquartered in Guernsey, will make a monetary donation which exceeds the amount required to offset the event's carbon footprint, including scope 1, 2 and 3 emissions. For its international beneficiary, TISE has selected BaumInvest Mixed Reforestation in Costa Rica, which aims to reforest pasture land previously used for extensive cattle ranching in northern Costa Rica, using mixed stands of various indigenous tree species as well as teak.