Vistra has entered into a sale and purchase agreement with Newhaven, which provides corporate, fiduciary and business support services to corporates, professional services firms and private clients, subject to regulatory approvals in several jurisdictions.
The transaction will expand Vistra’s company formation and private wealth businesses by adding expertise in the British Virgin Islands, Guernsey, London, Dubai, Hong Kong and Taiwan, where Newhaven has operations.
Jonathon Clifton (pictured), Regional Managing Director of Vistra, commented: “Newhaven bolsters our position as an incorporation services provider, particularly in the BVI, and further strengthens our front-office capabilities in Hong Kong."
Newhaven CEO Reuben Anstock and his management team will remain with the business in senior roles, and Newhaven will be rebranded to Vistra on completion of the transaction.