Consolidator AFH ups latest share issue to £17.5m

Will have £20m war chest

Jenna Towler
clock • 1 min read

Consolidator AFH aims to raise £17.5m from its latest share issue to fund continued acquisitions in the advice market.

AFH said it had increased the size of its second share issue of 2017 to meet investor demand. It originally wanted to raise £15m but has increased the total to £17.5m AFH chief executive Alan Hudson explained all its current institutional investors had increased their stakes in the group. "Following on the success of our last issue, we see this as demonstrating continuing confidence in the company and an endorsement of its strategy," he said. The money raised will give AFH a £20m-plus war chest to continue its twin-track expansion strategy of merging with other companies and contin...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Advice firms report that around four in ten clients are vulnerable - MorganAsh

Advice firms report that around four in ten clients are vulnerable - MorganAsh

Data from the MorganAsh Resilience System

Jaskeet Briah
clock 28 May 2026 • 2 min read
Student loans present 'almost impossible' financial planning question

Student loans present 'almost impossible' financial planning question

To be a 'burden' for years to come, advisers say

Sophia Panayi
clock 28 May 2026 • 5 min read
Advice consolidation: Reputation, regulation and a transforming market

Advice consolidation: Reputation, regulation and a transforming market

Growth alone is no longer enough

Isabel Baxter
clock 27 May 2026 • 5 min read