Pinsent Masons advises Royal London on sale of segregated cash management business

Both businesses manage cash on a segregated account basis and are based in Guernsey.

They have been acquired for an undisclosed sum by the Channel Island-based investment services group, Ravenscroft Holdings Limited.  The sale will increase Ravenscroft's assets under administration to more than £6.5 billion.

The Pinsent Masons team advising Royal London on the transaction was led by corporate partner Hannah Brader and corporate associates Emma Dawe and Christina Cooke.