PE-backed Titan Wealth acquires Ravenscroft's UK investment management business

Adds £600m AUM

Titan Wealth Holdings has acquired Ravenscroft’s UK-based investment management business adding £600m in assets under management.

Titan Wealth said it has entered into a share purchase agreement to acquire Ravenscroft's offices in Peterborough and Bishop's Stortford which provide discretionary, advisory, and execution-only services to nearly 2,300 clients -  subject to shareholder and regulatory approval. Titan Asset Management appoints NED to serve as Consumer Duty champion The deal follows Titan's purchase of Kettering-based Telford Mann Pensions & Investments in January and takes its total AUM to £9.4bn. In February, the consolidator announced it had secured backing from US-based private equity house Parth...