Kingswood-backed SPAC in exclusive talks to buy Lombard - reports

Blank cheque vehicle listed in New York

Pedro Gonçalves
The Kingswood SPAC listed in New York late last year

The Kingswood SPAC listed in New York late last year

Kingswood Acquisition Corp, a SPAC backed by directors of UK wealth firm Kingswood Group, is in exclusive talks to buy Lombard, one of the UK's biggest wealth management groups, according to reports.

The blank-cheque company, which listed in New York late last year, has signed a letter of intent to acquire Lombard in recent days, Sky News is reporting. If the deal is successful, it will be one of...

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