Rensburg/Carr Sheppards Crosthwaite merger

Rensburg is to merge with Carr Sheppards Crosthwaite, in a reverse takeover of the Investec-owned we...

Rensburg is to merge with Carr Sheppards Crosthwaite, in a reverse takeover of the Investec-owned wealth management business announced last week. The merger will create a business with £9.6bn in assets under management. The proposed merger will see Rensburg issue 38.6 million ordinary shares to Investec at an estimated price of 47p per share. Rensburg chief executive Mike Burns said the merged company would become the second largest wealth manager in the country after Brewin Dolphin.