News

9
Nov

AFH looks to raise capital to fund more acquisitions

AFH, Bromsgrove-based national consolidator led by Alan Hudson, is considering routes to raise further capital to fund acquisitions and take advantage of opportunities in the market. The continued focus on acquisitions is expected to deliver 30% revenue growth to the business in 2015 to £20 million, with assets under advice expected to exceed £2 billion.

A statement issued on AIM, where AFH is listed, stated: ‘There has been a continued increase in the size and rate of IFA companies becoming available for purchase, and in the potential acquirers entering the market. As a consequence, the board is considering additional financing options, including further share issues, to take advantage of the pipeline of opportunities and to potentially enhance the return to shareholders.’
Hudson followed this up, saying the organisation is ‘well positioned to take advantage of opportunities as they are presented’.