PROVEN Investments Limited (PROVEN) – Share Acquisition of Heritage Education Funds International

PROVEN Investments Limited (PROVEN) is pleased to announce the successful acquisition of Heritage Education Funds International. This comes 5 months after announcing that it had entered into an agreement with Knowledge First Foundation, the parent company of Knowledge First Financial Inc., Canada’s largest Registered Education Savings Plan (RESP) company, to purchase its 100% interest in all issued and outstanding shares of Heritage Education Funds International Inc.
The transaction includes the distribution and management of the Heritage International Scholarship Trust Plan (“Heritage International Plan”) and the member interests of the Heritage International Scholarship Trust Foundation.
Heritage specializes in administering and managing education savings plans (ESPs) for clients in the Bahamas, Bermuda, Jamaica, and the British Virgin Islands and has enrolled over 50,000 children in its Heritage International Plan since its inception in 1983 and oversees approximately US$150 million in assets under management
Already operating in three of the four jurisdictions that Heritage International services, this transaction allows PROVEN to further strengthen the Heritage business, bringing in a respected, local and agile organization that knows the region and is committed to investing in and growing the operations.