Wealth Manager - the site for professional investment managers

Register free for our breaking news email alerts with analysis and cutting edge commentary from our award winning team. Registration only takes a minute.

Lansdown-backed Ravenscroft to buy 25% stake in MXC Capital

Lansdown-backed Ravenscroft to buy 25% stake in MXC Capital

Stephen Lansdown-backed investment firm Ravenscroft will purchase a 25% stake in tech advisory company MXC Capital.

The £2.25 million deal follows Ravenscroft's appointment of MXC as a consultant to its investment company, the Guernsey Investment fund (GIF), earlier this year.

The portfolio invests in projects and businesses focused on Guernsey or which may benefit the island. MXC will advise the managers on its tech investments.

Jon Ravenscroft, chief executive officer of Ravenscroft, which runs £4.7 billion in assets under administration, said: ‘This is a long-term investment which aligns Ravenscroft’s interests more closely with those of MXC with whom we have already established a successful working relationship.

‘We expect opportunities to refer work to each other and believe there is potential for further synergy in the future, which will further benefit our shareholders and our loyal and hard-working teams.’

MXC chair Peter Rigg said the firm expects the deal to benefit its transactional business and provide further opportunities for its investment business.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Tim Steer: fund managers will have to get 'stuck in'

Tim Steer: fund managers will have to get 'stuck in'

The second part of our film with former Artemis and New Star fund manager Tim Steer looks at how his profession has evolved over the past two decades.

2 Comments Play Tim Steer: how to spot a stock disaster coming

Tim Steer: how to spot a stock disaster coming

The former Citywire AAA-rated fund manager has written a book on 22 stock disasters and how forensic examination of annual reports could have spotted them coming.

Play CEO tapes: the gap between best and worst alternatives is stark

CEO tapes: the gap between best and worst alternatives is stark

In the final part of our series we take a look at the rise of illiquid investing and whether it really serves in clients best interests.

Read More
Your Business: Cover Star Club

Profile: why the world of wealth is fracturing

Profile: why the world of wealth is fracturing

The problem with wealth management, according to Robert Paul, London & Capital’s youngest ever partner, is that it is very antiquated.

Wealth Manager on Twitter