Kingswood to Acquire Allotts Financial Services


February 28, 2022

On February 1, 2022, Kingswood Holdings Limited announced that it will acquire Allotts Financial Services Limited.

Under the terms of the transaction, Kingswood Holdings Limited (“Kingswood”) will acquire Allotts Financial Services Limited (“AFS”) for consideration of up to £2.5 million. Kingswood will pay £1.25 upon closing, with the remaining amount being paid in installments subject to AFS meeting certain performance goals. Kingswood is financing the purchase with funds from its recently issued convertible preference shares. Further terms were not disclosed.

Kingswood (LON: KWG), based in London, is an international integrated wealth management group.  Kingswood has approximately £7.9 billion in assets under advisement and management.

AFS, based in Rotherham, England, is an investment management firm offering services throughout the South Yorkshire area. AFS has approximately £140 million in assets under advisement.

To read the press release: please click here.

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