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February 16, 2022

Kingswood snaps up Aim Independent

By Patrick Brusnahan

Kingswood Holdings has exchanged and completed a deal for Aim Independent , an independent financial advice business, for £3.6m ($4.9m).

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2022: So far In Venture Capital

Global investment in 2022 has been majorly dominated by North America, Europe, and Asia Pacific, whereas the Middle East, and South and Central America have recorded low investments comparatively. In light of this, Europe and North America have been identified as the major destinations for Private Equity and Venture Capital (PE/VC) investments.   GlobalData’s whitepaper analyzes which sectors PE/VC firms have been investing in, looking at Technology, Media, and Telecom, with these sectors recording $356 billion and a deal volume of over 10,000 deals in 2022. Healthcare, Financial Services, Business & Consumer Services, and Construction sectors have also seen high investment activity by PE/VC firms, recording a deal value of over $70 billion each.   But what can this mean for you?   Understand how the Deals Database on GlobalData Explorer can be leveraged to:  
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The acquisition of the Eastleigh-based firm boosts Kingswood’s UK client facing advisory team to 94 people.

In addition, UK funds under advice/management will rise to over £7.2bn ($9.8bn) from around 19,300 active clients.

David Lawrence, UK CEO at Kingswood, commented: ‘’My ambition for Kingswood is to become a leading wealth management advisory and Investment management business, breaking the £7bn AUA/M mark is a huge signal to that as we continue to grow our geographical footprint across the UK. Our acquisition of Aim will further expand that reach into a new county in the South. Aim was founded in 2000 and is run by Phil Watson and Andy Davies, who between them they have over 60 years’ experience and an unrivalled commitment to their clients, which fits in perfectly with the culture and ethos at Kingswood.

‘’This is our fourth acquisition of 2022 and we continue to have a strong pipeline of high-quality UK opportunities under negotiation, three of which are in exclusive due diligence. Our next near-term target is to build our UK AUA/M to in excess of £10bn in the U.K. and £14bn globally and we have the balance sheet to do so.’’

Phil Watson, company principal at Aim, added: ‘’We had two objectives we wanted to achieve when we began to search for a potential buyer, succession planning and economies of scale. With Kingswood we believe we have found the qualities of leadership, talent and knowledge to build on our reputation and create a stronger company with new pathways for growth. We are confident that we have made the right choice for both our colleagues and our clients for their future prosperity.”

Kingswood recently bought Essex-based Joseph R Lamb Independent Financial Advisers in a deal worth up to £15.3m.

Kingswood will pay £7.65m of the deal price at the time of closing. The remainder will be paid by the company on a deferred basis over a two-year period, subject to certain pre-agreed performance targets, reported FT Adviser.

Free Report
img

2022: So far In Venture Capital

Global investment in 2022 has been majorly dominated by North America, Europe, and Asia Pacific, whereas the Middle East, and South and Central America have recorded low investments comparatively. In light of this, Europe and North America have been identified as the major destinations for Private Equity and Venture Capital (PE/VC) investments.   GlobalData’s whitepaper analyzes which sectors PE/VC firms have been investing in, looking at Technology, Media, and Telecom, with these sectors recording $356 billion and a deal volume of over 10,000 deals in 2022. Healthcare, Financial Services, Business & Consumer Services, and Construction sectors have also seen high investment activity by PE/VC firms, recording a deal value of over $70 billion each.   But what can this mean for you?   Understand how the Deals Database on GlobalData Explorer can be leveraged to:  
  • Track the Aggregate Investment Volumes in PE/VC-Stage firms across geographies and sectors, in addition to viewing the specific deals that drove these volumes
  • Identify the top investors already active in any sector-Geography combinations
  • Assess the Performance of Financial and Legal Advisors, supporting the Dealmaking in any segment of choice (Customizable League tables)
  • Understand what is driving the PE/VC fundraising (Deal Rationale)
  Consult our full report here and optimize your business strategy.
by GlobalData
Enter your details here to receive your free Report.

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