HSQ

Kingswood shares cancelled on AIM

Shares in troubled wealth manager and Financial Planner Kingswood have been cancelled on the AIM market with effect from today as the full £48m takeover of the business by its PE owner HSQ moves to its final stages.

Private equity firm to complete takeover of £48m Kingswood

Private equity firm HSQ has today confirmed its unconditional offer to buy the remaining 10% shares of the troubled Financial Planning business Kingswood and said it hopes to conclude the deal by 15 April.

Private equity owner pumps in £5m at troubled Kingswood

Private equity firm HSQ has injected a further £4.8m to support its troubled Financial Planning business Kingswood which warned recently that it may run out of money to service its £91m debt pile.

2 directors exit troubled Kingswood

Two long-serving directors of troubled Financial Planner Kingswood, including a former CEO, have resigned from the board with immediate effect.

Troubled Kingswood may be sold to pay off debts

Troubled Financial Planning group Kingswood, which has expanded rapidly in the past five years, may be sold 100% to a private equity firm as it wrestles with a £91m debt mountain.

Kingswood raises extra £4m in debt funding

AIM-listed acquisitive wealth manager and Financial Planner Kingswood Holdings has secured a £4m debt facility with an affiliate of private equity firm HSQ Investments Limited.