Kingswood enters Irish market with £23m majority acquisition

Seventh acquisition for 2022 brings group’s total AUA to over £10m

Julia Bahr
clock • 2 min read

Transatlantic consolidator Kingswood has revealed that it will acquire 70% of Dublin-based advice firm Moloney Investments (MMPI) for £23m.

Kingswood today (26 September) confirmed the remaining 30% will be retained by existing shareholders. The deal represents the firm's seventh acquisition this year and will add £633m in assets under advice (AUA), taking Kingswood's funds under advice to over £7.8bn across the UK and Ireland. The transaction will take Kingswood's client facing advisory team to over 100 people, it confirmed. Set up in 1993, financial advisory group MMPI currently employs 54 people, including 18 advisors. Post-acquisition, the Irish firm will continue to operate from its existing premises and be led...

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