Ravenscroft, the Guernsey-based investment firm backed by Stephen Lansdown, has obtained a 25% stake in AIM-quoted tech firm MXC Capital, in a £2.25m deal.
The groups said the deal will strengthen the relationship between the two firms and lead to referrals to each other's businesses. The deal, which is is subject to approval from the Financial Conduct Authority, has been agreed between Ravenscroft Holdings and MXCUK and MXC Guernsey Limited, which are a subsidiary of MXC Capital. At the beginning of this year, MXC was appointed as a consultant to Ravenscroft in relation to its role as investment manager of the Guernsey Investment Fund's Technology & Innovation Cell, which has already made a number of investments in projects and business...
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