Completion of the Acquisition of Metnor

RNS Number : 2479X

Kingswood Holdings Limited

04 January 2022

 

4^th January 2022

KINGSWOOD HOLDINGS LIMITED

Completion of the Acquisition of Metnor Holdings Limited

Kingswood Holdings Limited ("Kingswood") is pleased to announce that it has completed the acquisition of Metnor Holdings Limited and its subsidiaries, IBOSS Asset Management Limited ("IBOSS") and Novus Financial Services Limited ("Novus")

Inclusive of recently announced transactions Kingswood's client facing advisory team stands to 80 people, UK funds under advice / management to 6.3 billion, and the number of active clients to over 15,900.

Kingswood Group assets under administration ("AuA") will total over 7.9 billion from a combination of both global retail and institutional clients matching our ambition to grow globally as an international integrated full service wealth and investment manager.

Following the announcement made on 23^rd of November 2021, Kingswood Holdings Limited (AIM: KWG), the international, vertically integrated wealth and investment management group, is pleased to announce that following receipt of regulatory approval, it has completed the acquisition of Metnor Holdings Limited.

David Lawrence, UK CEO at Kingswood ,   commented: "I am thrilled that we are finishing off the year in 2021 announcing the completion of our fourth acquisition.  In the IBOSS Group, Chris Metcalfe has built a fantastic brand with a superb Investment track record.  This transaction allows us to take a large step forward in creating a leading financial advisory and investment management business.''

"We remain committed to our growth strategy within the UK and internationally and we have a strong pipeline of high-quality UK opportunities under negotiation, six of which are in the exclusive due diligence stage.

For further details, please contact:

Kingswood Holdings Limited		[phone]
David Lawrence		www.kingswood-group.com
FinnCap Ltd (Nomad & Broker)		[phone]
Stuart Andrews / Simon Hicks / Abigail Kelly (Corporate     Finance) Richard Chambers (ECM)
GreenTarget (for Kingswood media)   Jamie Brownlee / Alice Gasson / Ellie Basle		[phone]   [e-mail]

About Kingswood

Kingswood Holdings Limited (trading as Kingswood) is an AIM-listed (AIM: KWG) international fully integrated wealth management group with circa 7.9 billion of Assets under Advice and Management. It services circa 15,900 clients from a growing network of offices in the UK including Abingdon, Beverley, Darlington, Derby, Grimsby, Harrogate, Hull, Lincoln, London, Maidstone, Newcastle, Sheffield (2), Worcester and York with overseas offices in Johannesburg, South Africa and Atlanta, New York and San Diego in US.

Kingswood offers a range of trusted investment solutions to its clients, which range from private individuals to some of the UK's largest universities and institutions, including investment advice and management, personal and company pensions and wealth planning. Kingswood is focused on becoming a leading player in the wealth and investment management market through targeted acquisitions in the UK and US, creating a global business through strategic partnerships.

 

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