Blake Morgan completes £13.5m deal for Harwood Wealth Management Group

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Blake Morgan has completed a stock market launch for Harwood Wealth Management Group plc advising it on the acquisition of Wellian Investment Solutions, an award-winning, £1bn+ investment management business, and an over-subscribed £13.5 million institutional share placing. Blake Morgan completes £13.5m deal for Harwood Wealth Management Group.

Harwood Wealth Group is the parent company of a leading UK-based, vertically integrated financial planning and discretionary wealth management group and has its head office in Waterlooville, Hampshire.

Stephen Archibald, a partner in the corporate transactions team, led for Blake Morgan, assisted by FCA-specialist Felicity Rowan and Mathew Wilson. The deal sees Harwood Wealth become an AIM-listed company with an initial market capitalisation of £45m.

Neil Dunkley, co-founder and joint CEO of Harwood Wealth, said: “We are delighted to have successfully completed the IPO and raised funds to facilitate the next stage of the company's development. Stephen and his team supported us throughout every stage of the deal and the AIM listing process, drawing on their extensive experience in public markets work and a thorough understanding of the issues in our business.”

Charles Russell Speechlys acted for N+1 Singer Advisory LLP in its role as nominated adviser and sole broker to Harwood Wealth.