Gulf based family office and investment business takes position in AIM listed entity St James’ House
Gulf-based family office and investment company, Tintra, has completed a transaction that will see it ultimately holding a 29.9 per cent shareholding in St James House (SJH) PLC.
SJH PLC has had a challenging few years, but holds valuable regulatory licensing and technology across banking, gaming and legal sectors.
The company specialises in the development of simple but effective technology solutions that enable organisations and their clients to safely transact in the advancing digital environment.
With five sub-brands operating under the SJH PLC umbrella, Tintra has worked closely with St Daniel House – the groups’ lead on financial solutions for businesses – for over three years to support its own client base.
In recognising the unique nature of the St James House solutions, Tintra approached SJH to discuss a strategic collaboration, culminating in an agreement that will see Tintra provide its expertise whilst taking advantage of the licensing and technology that it itself lacks.
Having built a leading reputation for providing solutions and best in class cross-border investment strategies to its emerging market clients, this acquisition will drive Tintra’s focus on implementing uncomplicated solutions.
Richard Shearer, Director of Tintra, explains: “Having worked closely with the St James House PLC team for several years, it became increasingly clear that we have strong business synergy that would enable us to drive innovative change through the power of technology and our existing models and strategies. Whilst St James House PLC has an excellent product and regulatory permissions, Tintra has access to a vast marketplace, underpinned by our reputable name within investment, especially in emerging and frontier markets.
“We are, therefore, delighted to have completed this transaction with St James House PLC and, with some strategic changes, are excited about what the future will bring.”
Tintra is now in the process of implementing a change management strategy for St James House PLC, which will encompass corporate governance, HR, policy and Sales and Marketing. This, in turn, will drive the business plan and budgets forwards and will be released to the market within the next 90 days.