Kingswood takes majority stake in MHC in $5.1m deal
Confirmed intentions in May
Latest step in Kingswood's US expansion plans
Kingswood Group has built a 50.1% controlling equity stake in Manhattan Harbor Capital (MHC) after completing a deal worth $5.1m for the firm, marking the latest step in the wealth management group's US expansion plans.
Following the acquisition of California-based wealth management firm and brokerage Chalice, Kingswood confirmed in May that it had signed "conditional heads of terms" to assume majority ownership in MHC,...
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