Harneys advises Vieco 10 in relation to the sale of part of its interest in Virgin Galactic Holdings Inc.

Harneys has advised Vieco 10 Limited, a joint venture company within the Virgin Group, in relation to its recent disposal of part of its interest in NYSE listed Virgin Galactic Holdings, Inc. (Galactic).

As permitted by the terms of the registration statement issued by Galactic and pursuant to the distribution and sale arrangements agreed between Credit Suisse Securities LLC and Vieco 10 sold 37,500,000 shares of common stock in Galactic registered for sale. The total amount raised was in excess of US$560 million.

Rachel Graham, Corporate Partner in Harneys London office, advised Vieco 10 Limited as to matters of BVI law.

Harneys corporate team excels at complex cross-border transactions involving BVI, Cayman Islands, Luxembourg and Cyprus vehicles. Our significant track record includes complex mega-deals, high value private equity transactions, landmark IPOs and the full spectrum of public and private M&A, asset sales and disposals, and joint ventures.