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Pollen Street Capital's HSQ Acquires Kingswood Holdings

Kingswood Holdings has officially gone private as of April 17, with its AIM shares cancelled from trading. This transition follows the acquisition by HSQ Investment, a subsidiary of Pollen Street Capital, which previously held a significant stake in Kingswood.

As of March 12, HSQ owned 68.4% of Kingswood's voting rights, and recent updates indicate that this interest has increased to 99.27% after a successful takeover offer for an additional 9.88% of shares. The move to privatization comes amid challenges faced by Kingswood, including sector-wide headwinds and a rising debt burden, which stood at £48.1 million as of March 3.

The decision to go private reflects Kingswood's strategy to navigate these difficulties and potentially reposition itself for future growth.
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