Kingswood secures up to £150m in additional funding

Will fund further growth plans at the consolidator

Jenna Brown
clock • 1 min read

Kingswood Holdings has secured up to £150m in funding from an unnamed financial backer to fund its continued growth plans.

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...

To continue reading this article...

Join Professional Adviser

  • 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.



Already a Professional Adviser member?


More on Companies

Benchmark seals deals with two more advisory firms

Benchmark seals deals with two more advisory firms

Bought 100% of Advison and 49% of Chartered Independent

Jenna Brown
clock 22 November 2022 • 2 min read
Woodhouse: “Sound financial advice is particularly highly valued in difficult macroeconomic conditions."

Evelyn confident in solid inflows and income despite £4bn AUMA drop

Wealth manager publishes third quarter trading update

Hope William-Smith
clock 07 November 2022 • 2 min read
SJP chief executive Andrew Croft

SJP reports £5bn drop in funds amid modest third quarter flows

Inflows offset by surrenders and investment loss

Kathleen Gallagher
clock 20 October 2022 • 1 min read