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Harwood Wealth Management Group plc

Harwood Wealth Management Group plc operates as a wealth management firm.

Industry: Asset Management & Custody Ban

Ticker Exchange ISIN Name
$HW. LSE AIM GB00BYYWB172 ORD 0.25P

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Kourtney West 23 Dec 2019, 21:17

$HW. Carlyle Group is to acquire Harwood Wealth Management in a deal that gives the US private equity giant a foothold in the UK financial planning and discretionary markets.

The offer, for 145p a share, which is below Friday’s closing price of 157.5p, values Harwood at £90.7 million, equivalent to 16.3x its previous 12 months’ earnings.

#bearish

citywire.co.uk/wealth-man...a1308029