Ravenscroft Holdings Limited (CISX:) entered into an agreement to acquire MitonOptimal Portfolio Management (CI) Limited and Verity Life Limited from Miton Asset Management Limited on November 19, 2021. Post completion, MitonOptimal and Verity will trade as Ravenscroft. MitonOptimal's team in Guernsey will move across to Ravenscroft.

The transaction is subject to regulatory approval. BWCI and Mark Ashburn, Antony Prynn and Jack Castleman of KPMG and LTS Tax have provided independent valuations to Ravenscroft. Tom Carey of Carey Olsen (Guernsey) LLP acted as legal advisor to Miton Asset Management.

As of April 1, 2022, transaction has received all necessary regulatory approvals from the Guernsey Financial Services Commission. It is expected that the Ravenscroft will complete the acquisition of Verity Life Limited in the coming months.