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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.

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