REG - Kingswood Holdings - Completion of the Acquisition of Metnor

Kingswood HoldingsAnnouncement

04/01/2022 07:00

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RNS Number : 2479X  Kingswood Holdings Limited  04 January 2022

 

4(th) January 2022

 

 

 

KINGSWOOD HOLDINGS LIMITED

 

Completion of the Acquisition of Metnor Holdings Limited

 

Kingswood Holdings Limited ("Kingswood") is pleased to announce that it has
completed the acquisition of Metnor Holdings Limited and its subsidiaries,
IBOSS Asset Management Limited ("IBOSS") and Novus Financial Services Limited
("Novus")

 

Inclusive of recently announced transactions Kingswood's client facing
advisory team stands to 80 people, UK funds under advice / management
to £6.3 billion, and the number of active clients to over 15,900.

 

Kingswood Group assets under administration ("AuA") will total over £7.9
billion from a combination of both global retail and institutional clients
matching our ambition to grow globally as an international integrated full
service wealth and investment manager.

 

 

Following the announcement made on 23(rd) of November 2021, Kingswood Holdings
Limited (AIM: KWG), the international, vertically integrated wealth and
investment management group, is pleased to announce that following receipt of
regulatory approval, it has completed the acquisition of Metnor Holdings
Limited.

David Lawrence, UK CEO at Kingswood, commented: "I am thrilled that we are
finishing off the year in 2021 announcing the completion of our fourth
acquisition.  In the IBOSS Group, Chris Metcalfe has built a fantastic brand
with a superb Investment track record.  This transaction allows us to take a
large step forward in creating a leading financial advisory and investment
management business.''

"We remain committed to our growth strategy within the UK and
internationally and we have a strong pipeline of
high-quality UK opportunities under negotiation, six of which are in the
exclusive due diligence stage.

For further details, please contact:

   Kingswood Holdings Limited                                                         +44 (0)20 7293 0730

   David Lawrence                                                                     www.kingswood-group.com (http://www.kingswood-group.com)

   FinnCap Ltd (Nomad & Broker)                                                       +44 (0)20 7220 0500

  Stuart Andrews / Simon Hicks / Abigail Kelly (Corporate     Finance)
 Richard Chambers (ECM)

   GreenTarget (for Kingswood media)                                                  +44 (0)20 7324 5498

   Jamie Brownlee / Alice Gasson / Ellie Basle                                        Jamie.Brownlee@greentarget.co.uk
                                                                                 (mailto:Jamie.Brownlee@greentarget.co.uk)

 

About Kingswood

Kingswood Holdings Limited (trading as Kingswood) is an AIM-listed (AIM: KWG)
international fully integrated wealth management group with circa £7.9
billion of Assets under Advice and Management. It services circa 15,900
clients from a growing network of offices in the UK including Abingdon,
Beverley, Darlington, Derby, Grimsby, Harrogate, Hull,
Lincoln, London, Maidstone, Newcastle, Sheffield (2), Worcester and York
with overseas offices in Johannesburg, South Africa and Atlanta, New York
and San Diego in US.

Kingswood offers a range of trusted investment solutions to its clients, which
range from private individuals to some of the UK's largest universities and
institutions, including investment advice and management, personal and company
pensions and wealth planning. Kingswood is focused on becoming a leading
player in the wealth and investment management market through targeted
acquisitions in the UK and US, creating a global business through strategic
partnerships.

 

 

 

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