Bailiwick Investments, a Channel Islands-based investment company and Sealyham Investments, a holding company for the Scott Family Office, have each acquired a 25 per cent stake in Acorn Group Holdings.
Acorn is a Jersey-based asset and consumer finance business with a lending book of £35.6m, led by Chief Executive Officer, Richard Harrop who retains a 50 per cent stake and will remain in his role.
In addition to their equity investment, Bailiwick, Sealyham and clients of Ravenscroft have agreed to provide future funding by subscribing for preference shares in Acorn.