Kingswood secures up to £150m in additional funding

The consolidator and wealth management group said it had signed a deal with a "leading global financial institution" to provide committed funding of £50m with the ability to increase the lending to £150m should it be needed. The group said the ‘debt facility' had a maturity of seven years and would accelerate its "strategic growth plans and provide additional capital to fund future acquisitions as well as fund existing deferred consideration". Group chief executive David Lawrence said: "I am absolutely delighted that we have secured this material commitment from a leading global finan...