DLA Piper has advised Duke Street and Europa Capital on the sale of their respective investments in SandpiperCI to a consortium of Channel Islands based investors.

SandpiperCI is the Channel Islands’ leading retailer, operating 55 stores in the Channel Islands and 9 internationally. This transaction brings to an end Duke Street and Europa’s investment in the Sandpiper Group, which was acquired in 2007.

The consortium of investors includes Ravenscroft Limited, Bailiwick Investments Limited, Sealyham Limited and other private clients of Ravenscroft Limited. The management team, led by Tony O’Neill, will co-invest in Sandpiper with the Consortium and will continue to lead the business.

The DLA Piper team was led Corporate partner, Ed Griffiths who was supported by James Hickling, senior associate and Darren Grindlay, associate.

The sale is subject to regulatory approval from CICRA in Jersey and is expected to take up to six weeks.