Ravenscroft Bids Big on Novel M&A, Takes over WH Concern on Isle of Man
A UK based investment service solutions company, Ravenscroft Holdings has made recent and significant announcements of its latest business venture concerning its business expansion across boundaries, this time beginning with expanding on the Isle of Man with its latest business investment via the acquisition deal of the sister concern of WH Ireland located on the island.
As per the recent agreement undersigned by the companies, UK based investment service solution concern, Ravenscroft Holdings will be acquiring cent per cent of the share capital of WH Ireland.
However, the closing sum of the deal has not been made public as of now. Several sources have spoken on grounds of anonymity that the overall business output of Isle of Man based WH subsidiary is rather optimistic, backed by a flourishing and ever-expanding clientele base.
The company’s asset under management (AuM) is also considerably lucrative, amounting to over £300m annually. Ravenscroft has a total headcount of over 120 people operating across various locations in Europe, the main cities being the UK, and Guernsey. It also has a vital center in Jersey near New York.
The latest venture will also include six newly appointed employees on the Isle of Man, also marking the opportune achievement of Ravenscroft as a successful business venture on the island.
The company has also made other significant expansion venture, inclusive of financial service solutions company, Tees which happened in the recent past. The investment venture will henceforth christen the new business venture on the Isle of