The takeover of Kingswood Holdings (Kingswood) by private equity (PE) backer HSQ Investments has moved forwards, with the latter now controlling an 89.39% share in the business.
Pollen Street Capital subsidiary HSQ's advance talks over a Kingswood takeover were first announced on Wednesday (12 March). At the time, HSQ held 68.4% of Kingswood's voting rights. HSQ has since snapped up 144,125,262 Kingswood shares at seven pence each, matching the price suggested in the pre-deal announcement. Following the share transaction, Jonathan Massing and Gary Wilder have stepped down from the company's board as non-executive directors, Kingwood Holdings stated in a London Stock Exchange update this morning (14 March). The pair retained a beneficial interest in Kingswood ...
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