• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
EF Hutton Logo

EF Hutton

  • About Us
  • Our Team
  • Services
    • Investment Banking
    • Capital Markets
    • Institutional Sales
    • Equity Research
  • Transactions + News
  • Get In Touch

Archives for September 2019

Kingswood Secures £80m Acquisition Funding

September 12, 2019 by kingswood2021

Kingswood Holdings has secured £80m to fund its pipeline of acquisitions as the wealth management group looks to South-East Asia for its next deal.

The investment will see Pollen Street become a shareholder in the business and the investor has the right to appoint up to two directors to the Kingswood board.

The funds will be used to back Kingswood’s acquisition pipeline, which earlier in the year it confirmed was in excess of £100m.

Gary Wilder, group chief executive at Kingswood, said: “We’re delighted to confirm the fundraising with Pollen Street. We believe they will be an excellent partner as we execute on our shared global vision for the group.

“We have been extremely impressed by the depth of their industry knowledge, the thoroughness of their due diligence, and our shared belief in building a best in class global wealth management platform that delivers quality products to clients and outstanding shareholder value.”

Earlier this month the AIM-listed firm announced it had bought Sheffield-based WFI Financial in a deal worth up to £14m which will see its assets under management grow to £2.5bn with a client base of 5,500.

Mr Wilder added: “This major investment by a global investor such as Pollen Street is a strong affirmation of the vision and growth strategy set by the board at the beginning of the year.

“The level of commitment highlights the growth potential both Kingswood and Pollen Street see in our stock and the potential to add significant value for shareholders.”

Howard Garland, partner at Pollen Street Capital, said the firm believes the wider wealth management sector offers “compelling opportunities for growth”.

Mr Garland said: “The business has a clear strategy for the future and we are excited to have the chance to partner with Kingswood.

“Pollen Street has extensive expertise in building market leading companies both via acquisitions and through organic growth using technological innovation and we are convinced these skillsets and our capital commitment will enable the group to accelerate the implementation of their strategy.”

In the first quarter of this year Kingswood completed its purchase of Oxford-based Thomas & Co and acquired Marchant McKechnie in East Yorkshire last year.

In May the wealth manager marked its entrance into the US market when it took an initial stake in Manhattan Harbor Capital.

In today’s statement Kingswood said it had also entered exclusive discussions to acquire a regulated business in Singapore to focus on growth opportunities across Asia.

Buzz West, chairman at Kingswood, said: “We’ve established an experienced team, an expanding product line and an international footprint which solidifies our growth plan.

“Our core proposition centres on primary offerings in wealth planning and investment management to deliver trusted financial solutions for clients.

“As we continue into the second half of the year, we look forward to further exciting announcements in terms of both domestic and international expansion and new investment products.”

rachel.mortimer@ft.com

What do you think about the issues raised by this story? Email us on fa.letters@ft.com to let us know.

CLICK FOR PRESS RELEASE

Filed Under: News Tagged With: access to capital, Accounting, Acquisitions, asset manager, assets under management, Bank, Bookkeeping, bridge loan, Broker, Business, Business Consulting, Business Development, business financing, Business Growth, business loan, Business Operations, Capital, capital markets, CFO, Consulting, Content Marketing, Deploy Capital, EF Hutton, EF Hutton Group, EFHutton, Family Office, Family Office Fund, family offices, finance, Finance Professionals, Financial Model, Financial Modeling, Financial Reporting, Forecast, Fund, Global, institutional investing, institutional investments, institutional investor, Institutional Sales, International, Invest, Investment, Investment Bank, Investment Banking, investment banking platform, investment funds, Investor, Investor Relations, Joey Rallo, Joseph Rallo, Joseph T Rallo, Kingswood Group, Kingswood Holdings, Kingswood Holdings Limited, KWG, Madison Avenue, Manhattan, Marketing, Mergers, mergers and acquisitions, middle market credit funds, New York, New York City, NY, NYC, Operations, PE, Portfolio Company, private equity, Return on Investment, ROI, SPAC, Special Purpose Acquisition Company, specialty lender, Technology, Wall St, Wall Street, wealth, wealth management

Primary Sidebar

Archives

  • May 2022
  • April 2022
  • January 2022
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • January 2021
  • November 2020
  • September 2020
  • September 2019

Footer

Company

  • About Us
  • Our Team
  • Transactions + News
  • Contact Us

Services

  • Investment Banking
  • Capital Markets
  • Institutional Sales
  • Equity Research

Contact

  • (212) 970-5150
  • info@efhuttongroup.com
  • Headquarters
    590 Madison Avenue
    39th Floor
    New York, NY 10022

Stay Connected

brokercheck-logo

Copyright © 2022 · EF Hutton

  • Privacy Policy
  • Terms of Use

This site has been designed for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any security which may be referenced upon the site. Such offers can only be made where lawful under applicable law. The services and information provided through this site are for personal, noncommercial use and display. Benchmark Investments, LLC does not intend to provide investment advice through this site and does not represent that the securities or services discussed are suitable for any investor. Investors are advised not to rely on any information contained in the site in the process of making a fully informed investment decision. Benchmark Investments, LLC does not, and this site does not intend to, render tax or legal advice. Individuals and firms may only transact business in a jurisdiction after satisfying its licensing and qualification requirements or after being excluded or exempted. Investment adviser agents and investment adviser representatives are some of the common names for registered individuals and firms. Consumers should contact securities law administrators in their jurisdiction for information concerning the license status or disciplinary history of a registered individual or firm. Summaries of information regarding registered agents and principals of Benchmark Investments, LLC and regarding the firm may be found at https://brokercheck.finra.org. Comparable Services may be available for a lower cost. Benchmark Investments, LLC. is not responsible for the collection, use or security of information by companies or organizations outside of Benchmark Investments, LLC. that may be linked to our websites. Links to non-Benchmark Investments, LLC sites are provided for convenience only and are accessed at your own risk. The information available on these sites has been produced by unaffiliated third parties and Benchmark Investments, LLC. does not guarantee its timeliness, sequence, accuracy, adequacy or completeness and make no warranties with respect to results to be obtained from its use. Any opinions or recommendations expressed therein are solely those of the third party information providers and are not the opinions or recommendations of Benchmark Investments, LLC. No endorsement of third party products, services or information is expressed or implied by any information, material or content referred to or included on, or linked from or to this website. Under no circumstances should the information be construed as an offer to sell or solicitation of an offer to buy a particular security. Consumers are encouraged to read the privacy policies of websites reached through the use of links from the Benchmark Investments, LLC. website. Clearing Services provided RBC Correspondent Services, Inc. Benchmark Investments, LLC is a member of FINRA and SIPC.