A triplicate of deals were signed, sealed and delivered on Friday, with Kingswood completing its acquisition of Dublin-based financial advice firm Moloney Investments.
International Adviser first reported on the acquisition in September. Also known as MMPI, it was set up in 1993 and provides financial planning, general and protection insurance, investments, pensions and mortgage advice to mass affluent and high net worth individuals.
The deal adds 54 staff, including 18 financial advisers, to Kingswood’s headcount.
Sticking with international M&A, multi-family office Stonehage Fleming also completed its acquisition of South Africa-based Rootstock Investment Management.
With effect from 1 March 2023, Rootstock’s Worldwide Flexible Fund will be rebranded as Stonehage Fleming SCI Worldwide Flexible Fund. Additionally, Rootstock’s Global Equity Fund has been merged into Stonehage Fleming’s Global Best Ideas Equity Fund, which is managed in London by Gerrit Smit.
Finally, Isle of Man-based Boston Multi Family Office confirmed that regulatory approval has been granted for London-based specialist investor Horizon Capital to join private equity firm Rockpool as a financing partner of the firm.
Horizon Capital will take a majority stake in the company, supporting the management team as they continue to grow the business both organically and via acquisitions.
