Financial planning and discretionary wealth management group Harwood Wealth plans to list on the AIM stock exchange.
The vertically integrated business said its broker, N+1 Singer had raised £13.5m in an over-subscribed fundraising effort, of which £10m was raised as new equity for the company. It said the net proceeds will be used to fund further acquisitions together with "modest associated infrastructure costs". The Harwood Wealth business was founded in 2001 under the name Compass Wealth Management by Neil Dunkley and Mark Howard. Since formation, Compass has grown mainly through acquisitions and has completed more than 40 business and share purchases. The group recently acquired Meon ...
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