Kingswood Holdings Limited (AIM:KWG) agreed to acquire Lee Smythe & Associates Limited for ?0.84 million on November 17, 2021. As per the terms of the agreement, ?0.42 million will be paid immediately and up to ?0.42 million will be payable on a deferred basis over the following two years, subject to the achievement of pre-agreed performance target. The acquisition will be funded from cash. For the year ended March 31, 2021, Smythe and Walter reported revenues of ?0.293 million, and had net assets at that date of ?0.0097 million. finnCap Ltd acted as a financial advisor to Kingswood Holdings Limited (AIM:KWG).