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Announced

Completed

PROVEN Investments completed the acquisition of Heritage Education Funds International from Knowledge First.

Synopsis

PROVEN Investments, an investment company, completed the acquisition of Heritage Education Funds International, a provider of a registered education savings plan, from Knowledge First, a registered education savings plan company. Financial terms were not disclosed. "We at PROVEN see this acquisition as complementary to our current financial services offerings, and an opportunity to widen our presence in the wealth management space throughout the Caribbean. The Heritage Plan is very similar to the product offerings of our other wealth management subsidiaries, with operations in Jamaica, Cayman, Bermuda and BVI, and we look forward to welcoming the Heritage clients to the fold and offering them the same first-class service that is synonymous with the PROVEN brand," Johann Heaven, PROVEN Head of Banking and Wealth.

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