Ashcourt Rowan to buy UK Wealth Management for £14m
Ashcourt Rowan has agreed a deal to acquire high net worth investment IFA UK Wealth Management (UKWM), funding the purchase through a share placing.
It will pay £14.25m in cash to private equity group Duke Street for UKWM, alongside an associated placing of shares. The acquisition will be funded by a placing of 8.25 million shares at 185p, raising...
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