US private equity firm to buy Harwood WM

Company valued at £90m

Hannah Godfrey
clock • 1 min read

Consolidator Harwood Wealth Management will ask its shareholders to approve the sale of the firm to company Bidco.

The cash offer from Bidco has valued the wealth management business at approximately £90.7m, with shares valued at 145p each. Bidco is a newly incorporate company based in Jersey that was formed for the purposes of the acquisition. It is controlled by global investment firm Carlyle Global Financial Services Partners. As an alternative to the cash offer, eligible Harwood shareholders may elect to receive a combination of cash and unlisted securities in Bidco. Harwood announces £1.4m double acquisition The board at Harwood intends to unanimously recommend the shareholders vote in ...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Industry

CFO turnover reaches highest level in six years due to 'fierce' market pressure

CFO turnover reaches highest level in six years due to 'fierce' market pressure

Private equity lures CFOs away

Linus Uhlig
clock 31 March 2025 • 3 min read
Enter now for IW Sustainable Investment Awards 2025

Enter now for IW Sustainable Investment Awards 2025

Closing date for entries is 9 May

Katrina Lloyd
clock 25 March 2025 • 3 min read
Advisers and retail investors warned on Aviva £450m preference share cancellation impact

Advisers and retail investors warned on Aviva £450m preference share cancellation impact

Follows institutional investor vote that saw none vote against

Jen Frost
clock 21 March 2025 • 9 min read
Trustpilot