Wragge & Co LLP Banking and Finance team has acted on a €25 million multi-jurisdictional note issue for new client Orey Group. The issue, made by way of a private placement, allows investors to indirectly invest in a Brazilian fund run by Orey Financial Brasil.

The team advised the issuer, Orey 7 B.V., and the arranger, Orey Management (Cayman) Limited, on structuring and implementing the transaction. Orey 7 B.V. is a special purpose vehicle set up in the Netherlands by Portuguese fund manager Orey Gestão de Activos.

Director Edward Sunderland led the deal for Wragge & Co, with assistance from banking specialist Ed Hall and tax associate Zoe Hooper-Smith. They worked jointly with partner Filipe Marques at Portugese firm Morais Leitão, Galvão Teles, Soares da Silva & Associados. Rogério Celeiro from Orey Group worked alongside the team. Nauta Dutilh advised on Dutch law issues and Mattos Filho, Veiga Filho, Marrey Jr. e Quiroga Advogados advised on Brazilian law issues. Allen & Overy advised Deutsche Trustee Company Limited as trustee and Deutsche Bank AG as the account bank.

Edward Sunderland said: "This was a challenging transaction which involved working with a number of our "best friend" law firms in creating a suitable structure to address the legal, accounting and tax regimes in the UK, the Netherlands, Portugal and Brazil. It was our first instruction for the Orey Group, representing the team's growing reputation for handling complex cross-border structured finance transactions."

Rogério Celeiro of Orey said: "We are delighted to be launching Orey 7 note issue. We hope that this note will facilitate further expansion of Orey Financial and will increase access to investments in Brazil. This first note issue is an important part of Orey's broader strategy aimed at bringing Brazilian capital markets to European investors."

Founded in 1886, Orey Group is a business group that works in three business areas: shipping, in Portugal, Spain, Angola and Mozambique; technical representations (with an emphasis on the petrochemical industry, shipping and the environment); and asset management, in Portugal and Brazil. The company's financial arm - Orey Financial - focuses on the areas of asset management, investment funds, online brokerage, corporate finance and family office. Orey Financial assets under management exceeded €207 million.

Wragge & Co's Banking and Finance team handles UK and cross-border asset based lending, structured finance and leveraged finance deals for lenders, issuers and borrowers. Its 25 experts operate as one team from offices in Birmingham and London, providing a genuinely partner-led service and top-quality legal advice.

Long-term relationships with leading players in the sector, including HSBC, Barclays and GE Commercial Finance, benefit from this team's commercial and pragmatic approach. Notable deals include advising Birmingham City Council on its £215 million bond issues, the first such issue by a local authority under recent legislation, advising a South American Airline on its US$115 million securitisation programme and completing the first public-to-private asset based lending transactions for GE Commercial Finance and for Lloyds TSB Commercial Finance.

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For further information about this press release, contact Kathryn Hobbs on +44 (0)121 213 2397, Alexa Highfield on +44 (0)121 213 2396 or Amie Ryalls on +44 (0)121 213 2360

This press release may contain information of general interest about current legal issues, but does not give legal advice.