Blake Morgan has completed a stock-market launch for Harwood Wealth Management Group plc, advising it on the acquisition of Wellian Investment Solutions, an award-winning, £1 billion plus investment-management business, and on an over-subscribed £13.5 million institutional share placing. The deal sees Harwood Wealth become an AIM-listed company with an initial market capitalisation of £45m.
Harwood Wealth Group, with head office in Waterlooville, Hampshire, is the parent company of a leading UK-based, vertically-integrated financial-planning and discretionary wealth-management group.
Stephen Archibald, a partner in the corporate transactions team, led for Blake Morgan, assisted by FCA-specialist Felicity Rowan and Mathew Wilson.
Neil Dunkley, co-founder and joint-CEO of Harwood Wealth, said: “We are delighted to have successfully completed the IPO and raised funds to facilitate the next stage of the company's development. Stephen and his team, drawing on their extensive experience in public-markets work and a thorough understanding of the issues, supported us throughout every stage of the deal and the AIM listing process.”
Charles Russell Speechlys acted for N+1 Singer Advisory LLP in its role as nominated adviser and sole broker to Harwood Wealth.
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