Ferbrache & Farrell acted as sole legal counsel to Ravenscroft in advising it of its acquisition of Royal London Asset Management (CI) Limited and Royal London Custody Services (CI) Limited to expand its existing cash management and custody offering.
The team consisted of Gavin Farrell, Natalie Le Cras and Belinda Hartzenberg dealing with the Corporate aspects, Alastair Hargreaves as to Property and Martin Jones with Employment matters. Ferbrache & Farrell advised on all legal aspects of the transaction including the negotiation of the acquisition.
The transaction will involve, upon the acquisition receiving regulatory approval, the transfer of the Guernsey and London based employees to Ravenscroft working as part of the enhanced group.
Gavin Farrell commented that the team at Ferbrache & Farrell had been delighted in being able to assist a very well-known Guernsey fund and asset manager in developing its services and increasing its presence through the acquisition of worthwhile businesses involving both large local and international parties.