Bailiwick Investments has made its first acquisition outside the Channel Islands with the acquisition of a 49 per cent interest in facilities maintenance provider Prospero.
Established in 2004 in the Isle of Man, Prospero Holdings has expanded into Guernsey and Jersey and offers a range of services including the installation and maintenance of air conditioning, access control and CCTV, as well as office refurbishment and business relocation. It employs more than 70 staff.
Gary Drinkwater from Ravenscroft, which acts as investment manager for Bailiwick Investments, will join Prospero’s board as a Non-Executive Director.