Business in brief

CIREBA donates to Cayman’s ARK

The Cayman Island Real Estate Brokers Association recently collected donations from local real estate agents for Cayman’s Acts of Random Kindness.

At the organization’s holiday party, $891 was collected from the sales of raffle tickets and donations. The organization matched the donations for a total of $1,782.

Also, grocery bags were filled with food items and presented for Cayman’s ARK to be used to feed families in need. Each family received a minimum of five food bags plus $50 in vouchers, depending on how many children were in the home.

“CIREBA is pleased to contribute to this very worthy program, which has a great impact on our society here in the Cayman Islands,” said Jeanette Totten, president of CIREBA.

Tara Nielsen, from Cayman’s ARK said, “We were delighted with the support from the real estate sector. CIREBA made a huge effort to gain support for ARK’s fifth annual ‘Giving is Receiving.’ These efforts resulted in a tremendous contribution to the Food and Funds Campaign.”

Wilmer Stroble Hydes has been appointed as Digicel Business corporate account manager and Nadia Powery has been named as Digicel Business sales executive.

Mr. Hydes joined Digicel Business from Cayman Airways where he worked as a flight attendant. As corporate account manager, the Savannah native will play an integral role in the Digicel Business team as it introduces the latest products and services for corporate customers.

Nadia Powery joins the team from the Westin Resort and hails from West Bay. She has a bachelor’s degree in marketing from the University of Florida and eight years’ B2B sales experience.

Ogier appoints partners in Cayman Islands and British Virgin Islands

Shameer Jasani has been named a partner in Ogier’s Cayman Islands corporate and funds team. Ray Ng has been named partner and head of litigation for BVI and Asia.

Mr. Jasani joined Ogier in 2007 from Freshfields Bruckhaus Deringer and Taylor Wessing in London, with a degree from Cambridge University. He specializes in investment funds, including hedge funds, funds of funds and private equity funds. He advises investment managers on their structuring, formation and operational requirements, as well as acquisitions and joint ventures.

Mr. Ng was called to the Bar of England and Wales in 1987, and practiced in London until he joined Ogier BVI in 2010. His specialties are in commercial, company, insolvency and trust law.

Appleby, provider of offshore legal and fiduciary services, served as Cayman Islands legal adviser to China Hydroelectric Corp. in its merger with CPT Wyndham Holdings Ltd. and CPT Wyndham Holding Sub Ltd. The Appleby team was led by corporate partner Simon Raftopoulos and counsel Benjamin Woolf and included associate Liesl Richter.

China Hydroelectric is an owner and operator of small hydroelectric power projects in China. CPT Wyndham Holdings Ltd. and CPT Wyndham Holding Sub Ltd. are affiliates of NewQuest Capital Partners and the funds managed by it.

CPT Wyndham Holdings Ltd. will acquire China Hydroelectric Corp. for US$1.17 per ordinary share or US$3.51 per American Depositary Share, each representing three shares. The merger is expected to close during the first half of this year.