Harwood Wealth Group plc acquired by Carlyle for £90.7 million

N+1 Singer is delighted to have acted as Joint Financial Adviser, Nominated Adviser and Broker to Harwood Wealth Group plc in their recent Acquisition by Hurst Point Topco Limited (a newly formed company indirectly controlled by funds managed by Carlyle) for £90.7 million.

Admission to trading of Harwood Shares on AIM have been cancelled with effect from 7.00 a.m. on 10 March 2020.

Commenting on the Acquisition in December 2019, Peter Mann, Non-Executive Chairman of Harwood, said:

“We are pleased to announce this recommended Acquisition by Carlyle and Hurst Point. The Harwood management team has demonstrated a strong execution track record, undertaking multiple acquisitions, growing profits and achieving a significant increase in the share price since our IPO in March 2016 at 81p.

Looking ahead, the Board believes that Carlyle and Hurst Point will be excellent partners to Harwood, providing the capital backing, strategic support and additional resources and investment needed for the business to continue to grow. We therefore believe the Acquisition is in the best interests of all our stakeholders. We are committed to maintaining the very highest quality of service to our clients and our partners going forward.”

For more information on this news, please email us or call us on +44 (0)20 7496 3000.