AFH Financial Group, a UK-based financial adviser and discretionary fund manager, has raises £1.9m from investors through unsecured loan notes to fund future acquisition deals.
The firm intends to use the proceeds to accelerate its expansion through strategic acquisitions beyond its core geographical locations.
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Alan Hudson, CEO of AFH Financial, said: "Selective acquisitions include both small and medium sized IFA businesses that are located outside of AFH’s traditional core geographical locations and seeking the benefits of being part of a larger organisation.
"Our ability to raise additional funding through the issue of these notes will facilitate the board’s ability to enhance earnings attributable to shareholders from future acquisitions whilst maintaining gearing, all of which is unsecured, at a conservative level.
