Oakbridge along with Carey Olsen have assisted the special situations private equity investor Sullivan Street Partners with its development capital investment into Wave Group, the UK based inland surf park operator.

Facilitating the set-up of the LP Oakbridge will provide ongoing fund administration services.

The Oakbridge team was led by Oakbridge’s Director Alex Smyth, who also acts as a Director of Wave Jersey LP’s General Partner and was assisted by Oakbridge Manager Jonathan Crawford.

Alex commented: “It has been great to assist Sullivan Street set up their first investment vehicle in Jersey, and we’re looking forward to working with them on this and more exciting investments.”

Founded in 2010, Sullivan Street is a London-based buyout firm that focuses on complex situations in the lower mid-market.

Layton Tamberlin at Sullivan Street Partners said: “We are excited about our strategic investment in Wave Group, facilitated by our collaboration with Oakbridge and Carey Olsen. The expertise and efficiency demonstrated by both firms have been instrumental in swiftly establishing Wave Jersey LP, our investment vehicle for this venture. Their ability to provide regulatory, structuring, and legal guidance has been essential in executing bespoke investment terms and ensuring a rapid time to market. We look forward to the success of this partnership and exploring more opportunities together.”

Carey Olsen provided the regulatory, structuring and legal advice for establishing Sullivan Street’s investment vehicle, Wave Jersey LP, The Carey Olsen team was led by corporate partner Chris Griffin.