Thistle Initiatives supports Titan Wealth in acquiring Ravenscroft Investment Management
Our client Titan Wealth has announced it has entered into a share purchase agreement to acquire (subject to shareholder and regulatory approval) Ravenscroft Investment Management.
The Investments team at Thistle Initiatives was engaged by Titan Wealth to undertake a review of the change of control to acquire the Guernsey-based Ravenscroft.
Ravenscroft is a well-established wealth management business. Its two offices in the UK have a combined AUM of £600m and provide discretionary, advisory and execution-only services to nearly 2,300 clients. This acquisition by Titan Wealth takes their AUM to £9.4bn.
Andrew Fearon, Joint CEO & Head of M&A at Titan said: ‘Ravenscroft is a well-run business possessing a high-quality, loyal client base. The business will integrate with our network, enabling wider distribution of the investment and advisory offering that forms part of our and services.’
Alex Paschalis, Director at Thistle Initiatives commented: “We would like to congratulate Titan Wealth on its recent acquisition of Ravenscroft. It was a pleasure to collaborate with the team at Titan on this and we look forward to doing so again in the future”.