News

Harwood Wealth
9
Mar

Acquisition of Harwood Wealth approved

The High Court has approved the purchase of Harwood Wealth by US-based private equity firm Hurst Point Topco Limited, a newly formed company funded by US giant Carlyle.

Harwood issued a market update confirming that its shares will cease to be traded, with shareholders to receive 145p per share, valuing the company at just shy of £91M – a doubling of it’s market cap at the point of listing in 2016.

The acquisition follows a successful couple of years of external growth for Harwood, which is an AIM-listed firm, with over 12 acquisitions and a sharp increase in revenue. 

This success is thought to prompt the interest of Carlyle in purchasing the firm. 

Gunner & Co. have completed many acquisitions with Harwood Wealth, including the acquisition of Ascot-based Plan65, whereboth principals had joined a Gunner & Co. workshop. If you would like to know more about selling your business to them, contact joshua.lee@gunnerandco.com