Kingswood takes out further £6m in PE debt to fund IFA acquisitions

Under the conditions, the Kingswood has a repayment date of 29 October 2030 with an interest rate of 12%. Kingswood said it is entering into the £6m funding agreement with HSQ Investment, a subsidiary of its majority shareholders Pollen Street Capital. The group confirmed that the directors of the company agreed that the terms of the agreement are "fair and reasonable insofar as the company's shareholders are concerned". Update on Kingswood's AUM/A In its statement, Kingswood shared that the first six months of the current financial year has seen an increase in its assets under m...