Walkers' Jersey Banking & Finance team has advised Ares Management Corporation (Ares) as administrative agent and lead arranger in relation to a $3.3 billion private credit loan to UK insurance broker The Ardonagh Group.

Ares is a leading global alternative investment manager offering clients complementary primary and secondary investment solutions across the credit, private equity, real estate and infrastructure asset classes.

The Walkers team, working with lead counsel Proskauer Rose LLP, was led by Walkers (CI) LP partner Julia Keppe, and included senior counsel Elaine Kelly and senior associate Lucy Le Cornu, who advised on the Jersey law elements of the of private credit loan.

Julia said: "We are delighted to have advised Ares on this significant and exciting transaction in the private credit space, working closely with our instructing counsel at Proskauer."