The Carlyle Group completed the acquisition of Harwood Wealth Management Group for $118m.

The Carlyle Group completed the acquisition of Harwood Wealth Management Group, a financial planning and discretionary wealth management firm, for $118m. "Looking ahead, the Board believes that Carlyle and Hurst Point will be excellent partners to Harwood, providing the capital backing, strategic support and additional resources and investment needed for the business to continue to grow. We therefore believe the acquisition is in the best interests of all our stakeholders. We are committed to maintaining the very highest quality of service to our clients and our partners going forward. The Harwood Board therefore unanimously recommends that shareholders vote in favour of the resolutions relating to the acquisition," Peter Mann, Harwood Non-Executive Chairman.