Wealth management group plans £10m war chest

AFH chief executive Alan Hudson
Worcestershire wealth manager, AFH Financial Group has announced a £10m share placing as it looks to fund a war chest for new acquisitions. Alan Hudson, CEO of the Bromsgrove-based company, has agreed to sell up to 1,000,000 of his existing ordinary shares to raise gross proceeds of up to £1.75m. The company said that since October 31, 2016, it had completed five acquisitions paying a combined £2m in initial cash consideration. It said the core business continued to perform in line with expectations with strong recurring r... For the full story register now for free or login below...