Recent deals

Royal London Mutual Insurance Society Limited have exchanged contracts for the sale of Royal London Asset Management CI Limited and Royal London Custody Services CI Limited, who manage cash on a segregated account basis and who are based in Guernsey.

Royal London Mutual Insurance Society Limited have exchanged contracts for the sale of Royal London Asset Management CI Limited and Royal London Custody Services CI Limited, who manage cash on a segregated account basis and who are based in Guernsey.

The two businesses are being bought for an undisclosed sum by the Channel Islands-based investment services group Ravenscroft Holdings Limited. These acquisitions will increase Ravenscroft’s assets under administration to more than £6.5 billion and will offer their clients the benefit of a well-established cash management service provided by a well-respected team.

Hines Associates acted as exclusive financial advisor to Royal London in relation to the sale.