Carey Olsen advises Ocean Wilsons Holdings on the successful sanction of disputed scheme of arrangement

In a decision issued on 2 December, the Supreme Court of Bermuda accepted Ocean Wilsons’ arguments and ordered the scheme to be sanctioned, dismissing minority shareholder objections on class composition and fairness grounds.

The scheme became effective on 9 December 2025. The Combination creates a differentiated investment company of meaningful scale, listed on the London Stock Exchange, with total net assets in excess of £900 million and a diversified global portfolio spanning investment funds, direct equities and private assets.

The Carey Olsen team comprised partners Kyle Masters and Steven Rees Davies, senior associates Thomas Connor and Charlotte Donnelly, as well as associates Nathan Ische and Matthew Rhodes. Carey Olsen worked alongside instructing counsel Slaughter and May and Michael Todd, KC of Erskine Chambers.

Steven Rees Davies said: “We are delighted to have supported Ocean Wilsons through a contested court process to secure sanction of the scheme. The outcome provides certainty for shareholders and enables the Combination to proceed, creating a stronger, more scalable listed investment company.”

Carey Olsen Bermuda Limited is a limited liability company incorporated in Bermuda and approved and recognised under the Bermuda Bar (Professional Companies) Rules 2009. The use of the title "Partner" is merely to denote seniority. Services are provided on the basis of our current terms of business.