Dean Bennett
Appleby has advised Vine Hill Capital Investment Corp on offshore legal matters tied to its $1.2 billion business combination with digital asset manager CoinShares, a transaction that resulted in CoinShares PLC listing on Nasdaq under the ticker “CSHR.”
The deal combined a special purpose acquisition company (SPAC) with CoinShares’ operating business, using a Cayman Islands statutory merger and a Jersey scheme of arrangement. Upon completion, CoinShares International Ltd. became a wholly owned subsidiary of CoinShares PLC, the newly listed parent company.
The transaction underscores continued use of Cayman and Jersey structures in cross-border mergers and public listings, particularly in the digital assets sector, where firms seek access to US capital markets.
Appleby worked alongside lead counsel Paul Hastings LLP, providing Cayman Islands and Jersey legal advice to Vine Hill Capital throughout the process. The firm said its cross-border team was led by Cayman partner Dean Bennett, with support from senior associate Alejandra Gonzalez Saucedo. Jersey partners James Gaudin and Paul Worsnop advised on Jersey law aspects, supported by a team of associates. CoinShares, which focuses on digital asset investment products, manages more than $6 billion in assets, according to the company.
