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Announced

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Kingswood Holdings completed the acquisition of a 70% stake in Moloney Investments for €26m.

Synopsis

Kingswood Holdings, the international, fully integrated wealth and investment management group, completed the acquisition of a 70% stake in Moloney Investments, a financial advice firm based in Dublin, for €26m. "We are delighted to announce Kingswood's investment in MMPI. This is an exciting development for the business providing additional expertise, capability, and funding to continue MMPI's long term track record of both organic and inorganic growth, whilst supporting our vision of serving private and corporate clients with a best in class platform and service. Kingswood shares our vision and beliefs of empowering its employees to provide excellent client service and I am confident that their investment provides a great outcome for both our employees and clients alike," Bryan Moloney, MMPI CEO.

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