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Sanne and Bedell Cristin collaborate on Quadrise fundraising

News 1 April 2021

Sanne and Bedell Cristin collaborate on Quadrise fundraising

Sanne and Bedell Cristin have worked together to assist AIM-listed Quadrise Fuels International Plc to raise £6 million in gross proceeds through a Jersey cashbox transaction.

Quadrise is a specialist supplier of low cost, cleaner alternatives to heavy fuel oil using innovative technological solutions. Bedell Cristin provided the Jersey legal advice for the placing and worked closely with Sanne who provided incorporation and administration services to the Jersey cashbox vehicle. UK advisers to the placing were BDB Pitmans.

Sanne is proud to have partnered with Bedell Cristin in assisting Quadrise to raise £6m in gross proceeds by way of a recent cash box transaction. We have a great deal of experience in working with leading legal advisers, such as Bedell Cristin, to structure, incorporate and manage Jersey companies raising finance through the issuance of shares or convertible bonds.”

Shervin Binesh
Director of Sanne Corporate Services in Jersey

The teams at Bedell Cristin and Sanne worked seamlessly alongside our usual advisors to ensure that the cash box structure could be used to undertake our recent oversubscribed institutional placing funding on a very tight timeline.”

Mike Kirk
Chairman of Quadrise

We were delighted to work closely with the teams at Sanne and BDB Pitmans to facilitate this specialist Jersey structure designed to fulfil Quadrise’s fundraising objectives. The transaction is an example of how Jersey structures and expertise can be applied effectively in raising finance for global firms.  We were particularly pleased to be able to support Quadrise as it works to create a greener, more sustainable future by supplying cleaner alternatives to carbon-emitting fuels.”

Sara Johns
Corporate Partner at Bedell Cristin in Jersey, who advised on the transaction alongside Senior Associate Laura Hendrick

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