Macfarlanes acted for J.C. Flowers & Co in connection with the sale of Castle Trust Bank to vehicles backed by Sixth Street, a leading global investment firm, and affiliates of Bayview Asset Management, a global alternative investment management firm.
J.C. Flowers & Co is a private equity firm which is at the forefront of investing in the global financial services industry.Castle Trust Bank is a specialist bank serving nearly 170,000 customers, with customer savings balances exceeding £1.6 billion, a specialist property finance loan book of more than £1.1 billion, and a retail finance loan book exceeding £200 million.
The Macfarlanes team was led by Partner Justin Hope, with Senior Counsel Dennis Mok and Associates Lucy McEvoy and Saskia Rock-Williams. Tax advice was provided by Partner Jeremy Moncrieff supported by Senior Associate Krishant Sen. Reward advice was provided by Partner Rasmus Berglund, supported by Senior Associate Luca Parrott. Regulatory advice was provided by Partner Michael Sholem and Associate Darius Tehrani-Vahid.