Wealth management firm Praxis to acquire Sarnia Yachts

Global wealth management firm Praxis has moved to acquire Sarnia Yachts, a specialist firm providing yacht ownership, management and crewing services, in a strategic move that will allow the company to expand its services. 

The deal, which is subject to regulatory and competition authority approval, will see Sarnia Yachts' existing offices in Guernsey, Malta and the UK join together with Praxis, ensuring continuity for clients while also providing access to a new host of financial services.