Private Equity

Carlyle-led Hurst Point set to acquire UK financial adviser for £91m

Harwood Wealth Management Group was created in 2016 and oversees £5bn in assets

Carlyle Group-led investment advisory company Hurst Point Topco is set to acquire financial planner Harwood Wealth Management Group in a deal worth £90.7m. The transaction gives the US-based buyout firm a foothold in the UK financial planning and discretionary markets.

The wealth manager’s directors have already committed to back the sale, with their shares representing 66.8% of the company.

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