Last checked at 17 Oct 2022 15:56
Kingswood Holdings Limited
("Kingswood" or the "Group")
Additional Funding Facility
Kingswood Holdings Limited (AIM: KWG), the international, fully integrated wealth and investment management group, is pleased to announce that it has entered into a new debt facility with a leading global financial institution to provide committed funding of £50M with the ability to increase the commitment to £150M should it be needed (the "New Debt Facility").
The New Debt Facility will accelerate Kingswood's strategic growth plans and provide additional capital to fund future acquisitions as well as fund existing deferred consideration. The New Debt Facility has a maturity of seven years.
David Lawrence, Kingswood Group CEO, commented:
"I am absolutely delighted that we have secured this material commitment from a leading global financial institution. Following our appointment last week of two new independent Non-Executive Directors to increase our board capability, the New Debt Facility is clear and demonstrable evidence of market confidence in Kingswood's progress in the last two years and also signals a strong commitment to our future growth and strategic direction. We continue to invest in the Group across all dimensions and in terms of future acquisitions, we continue to have a strong pipeline with eight further transactions in exclusive due diligence."
For further details, please contact:
Kingswood Holdings Limited | +44 (0)20 7293 0730 |
David Lawrence | www.kingswood-group.com |
finnCap Ltd (Nomad & Broker) | +44 (0)20 7220 0500 |
Simon Hicks / Abigail Kelly | |
GreenTarget (for Kingswood media) Jamie Brownlee / Alice Gasson / Ellie Basle | +44 (0)20 7324 5498 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 £9 billion of assets under advice and management. It services circa 19k clients from a growing network of offices across the UK with overseas offices in South Africa and the 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 building on its position as a leading player in the wealth and investment management market through targeted acquisitions, creating a global business through strategic partnerships.