Kingswood Holdings Limited (AIM:KWG) agreed to acquire Barry Fleming & Partners for approximately £6 million on December 15, 2022. Kingswood will pay £3.1 million on completion and the remaining balance on on a deferred basis which is subject to the achievement of pre-agreed performance targets. The consideration will funded through the utilization of its funding facility. The Acquisition is subject to regulatory approval. For the year ending 28 February 2022, Barry Fleming & Partners generated revenue of £1.4 million and profit before tax of £0.2 million. Further to the announcement of 15 December 2022, Kingswood Holdings Limited (AIM: KWG), the international, fully integrated wealth and investment management group is pleased to announce the completion of the acquisition of Barry Fleming and Partners (Tax, Trusts and Investment Planning) Limited based in Berkshire, following regulatory approval. finnCap Ltd acted as financial advisor to Kingswood Holdings Limited (AIM:KWG).

Kingswood Holdings Limited (AIM:KWG) completed the acquisition of Barry Fleming & Partners (Tax Trusts and Investment Planning) Ltd on January 6, 2023.