Frenkel Topping, the AIM-listed financial adviser, has revealed in a market update that Harwood Capital has made a possible offer to purchase the firm.
The press release stated that Frenkel Topping “has received a preliminary approach from Harwood Capital which could lead to an offer being made by Harwood for the entire issued and to be issued share capital of Frenkel Topping. At this stage, there can be no certainty that any offer will be made nor as to the terms of any such offer.”
The offer follows the news of Harwood Wealth Management’s sale to US private equity firm Carlyle, which is still awaiting full shareholder approval.
Gunner & Co., work closely with Harwood Capital on their acquisition strategy. To understand more about their proposition for business sellers, contact Gwill.evans@gunnerandco.com