CAREY OLSEN: Carey Olsen advises Digicel on sale of majority stake in Cricket Sporting Investments Ltd.

Press Release from Carey Olsen, Tuesday 21 January, 2025.

Carey Olsen has advised Digicel Group Holdings Limited (“DGHL”) on the strategic divestment of its majority shareholding in Cricket Sporting Investments Ltd.

Cricket Sporting Investments Ltd. is the holding company of CPL Limited, which is the operating entity behind the Caribbean Premier League (“CPL”). Founded in 2013, the CPL is the Caribbean’s premier Twenty20 cricket competition.

CAREY OLSEN: Carey Olsen advises Digicel on sale of majority stake in Cricket Sporting Investments Ltd.

The Carey Olsen Bermuda corporate team advising DGHL comprised Steven Rees Davies as responsible partner and Alex Collis as lead counsel, with support from associates Thomas Connor and Aleeza Dulaney. Partner Kyle Masters and associate Matthew Rhodes also advised DGHL in respect to shareholder arrangements as part of the sale process.

On working with the Carey Olsen team, DGHL’s non-executive directors, Mark Nelson-Smith and Richard Mastoloni stated: “The Carey Olsen team were very professional throughout and helped us navigate each turn of this transaction with strategic and pragmatic legal advice, which is a testament to Alex, Tom and Aleeza. We were delighted to have them by our side for this transaction”.

CAREY OLSEN: Carey Olsen advises Digicel on sale of majority stake in Cricket Sporting Investments Ltd.

Carey Olsen Bermuda Limited is a company limited by shares 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, which can be viewed at: www.careyolsen.com/terms-business.

29 November 2024

HONG KONG: Hong Kong proposes tax breaks to attract crypto hedge funds, investors

Hong Kong has proposed exempting cryptocurrency gains from taxes for hedge funds, private equity and family investment vehicles to strengthen its position as a leading crypto financial hub. The proposal,

Read More
11 April 2025

VANUATU: Vanuatu government introduces changes to ‘Citizenship by Investment program’

Vanuatu’s government is making changes to its ‘Citizenship by Investment program’ and is warning its international agents to comply with the new directives. The country’s golden

Read More
25 March 2025

VANUATU: Vanuatu to draft new passport regulations

Vanuatu’s government has announced a suspension of new applications for its Citizenship For Investment Program. Commonly known as Vanuatu’s Golden Passport, the scheme offers, citizenship

Read More
10 January 2025

UK: UK order clarifies crypto staking is not a collective investment scheme

The UK Treasury has amended finance laws to clarify that crypto staking isn’t a collective investment scheme, which a lawyer says is “heavily regulated.” The UK Treasury has amended a law clarifying

Read More