Capricorn Capital Partners has led a group of investors to acquire a ‘significant’ equity stake in Guernsey-based asset management company RAW Capital Partners.
As part of the transaction, the company has secured initial multimillion-pound investment in the RAW Mortgage Fund and RAW Sterling Cash Deposit Fund.
Capricorn, which has its roots in South African group Hollard Insurance, focuses on private equity investments in the financial services sector, including asset advisory businesses, and also acts as an investment adviser.
A spokesman said: “Our initial interest in RAW was on behalf of our insurance clients as potential investors in the mortgage and cash funds. We have secured multimillion-pound commitments from our insurance clients, which should provide RAW with the opportunity to leverage its platform by satisfying demand for its product base.”
RAW Director Richard Avery-Wright commented: "Capricorn has a significant share, but not a controlling one. This deal is more about the opportunities the partnership can bring. Capricorn brings large distribution – in terms of capital and investors, intellectual capital, a brilliant track record in building successful financial services businesses both in the UK and Internationally. This represent a great partnership for RAW and is good news for Guernsey."
Walkers (Guernsey) advised the investors led by Capricorn Capital Partners. The Walkers team was led by Partner Sam Shires, with assistance from Senior Counsel Kim Paiva and Senior Associate Victoria Pratt.
Pictured (l-r): RAW Capital Directors Richard Avery-Wright and Tim Parkes