Closed-ended investment company Bailiwick Investments is listed on the Channel Islands Securities Exchange with a portfolio of holdings aimed at offering a regular dividend yield and long term capital growth.
The cash investment would enable MitonOptimal to maximise growth opportunities and strengthen the balance sheet, said Scott Campbell, MitonOptimal’s managing director and chief investment officer.
“This investment comes at a time of significant new client opportunities presented by the retail distribution review ‘RDR’ type regulatory changes in almost all of the regions in which we operate”, he said.
He added that the deal allowed retention of “the owner-managed culture that is integral to the MitonOptimal ethos”.
Simon Melling, head of corporate finance at Ravenscroft, the manager of Bailiwick Investments, will be joining MitonOptimal International’s board as a non-executive director.
He said he and others in the company had known Scott Campbell and many of his team for a number of years.
“The growth potential in the offshore investment management market for DFM and funds services is immense and we are excited to be partnering with the experienced and high performance management team at MitonOptimal for the years ahead”, he said.
MitonOptimal, founded in 2002, has a presence in Guernsey, South Africa, Singapore and the Isle of Man.