PE-backed Titan Wealth acquires Ravenscroft adding £600m AUM

Titan Wealth said it had entered into a share purchase agreement to acquire - subject to shareholder and regulatory approval - Ravenscroft's offices in Peterborough and Bishop's Stortford which provide discretionary, advisory, and execution-only services to nearly 2,300 clients. The latest 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 Parthenon Capital.  The majority of Ravenscroft's clients are based ...