Kingswood Holdings Limited (AIM:KWG) has confirmed it has engaged a third party to explore its strategic options, which could include a sale of the group's UK business. The Sunday Times reported March 05, 2023 that the AIM-listed Kingswood was considering selling its UK business for around £250m and had hired Houlihan Lokey to look into the sale. In a statement this morning, Kingswood confirmed it had hired Houlihan Lokey as a financial adviser and that discussions had taken place regarding the firm's strategic options.

However, the group said there was ‘no certainty that any transaction will ultimately occur, nor to the structure or terms on which any transaction might take place.' Kingswood has been busy acquiring in recent years. After a flurry of advice-firm buyouts last year, the group has amassed more than £10bn in assets under management globally, with around £8.5bn within its UK arm.

Kingswood is funding these deals through a new debt facility, announced on 17 October last year, which gave the firm £50m to fund its acquisition strategy. This can be increased to £150m if required.