May 01 2012
Kingswalk investments Limited, (AIM:KWI) the AIM listed strategic investment company has today agreed to acquire a 33% interest in the European Wealth Management Group plc, (European Wealth) the fast growing private wealth management group which has offices in London, Brighton, Maidstone and Cheltenham. Kingswalk is a specialist investment company with interests in a wide range of companies including those in the wealth management, property and support services sectors.
European Wealth provides wealth management services to individuals and families. Their services focus on delivering a traditional level of private client investment services, which are individually tailored, to each client with contemporary delivery systems and embracing modern technology. Since its launch fifteen months ago it has successfully completed two acquisitions and grown assets under management to approximately £155 million. It is expected that this figure will increase substantially with further acquisitions of which several are currently under consideration as well as through organic growth.
Commenting today, Rod Gentry, Group Chief Executive of European Wealth said, “ We are pleased that Kingswalk have recognised the opportunity we have of growing European Wealth into a significant wealth management company and welcome their investment which will accelerate our ability for further organic growth, attracting the most experienced investment professionals as well as making further acquisitions.”