Wealth manager Lombard in talks to go public via SPAC
March 24, 2021
New York-listed blank-check company Kingswood Acquisition Corp is in exclusive talks to buy wealth manager Lombard, Sky News reported. The deal could value the London-based group at around €700 million. Lombard has been owned by Blackstone since 2014. Kingswood Acquisition Corp was launched last year and is backed by Pollen Street Capital, as well as major shareholders in Lombard rival Kingswood Group.