Harwood Wealth Management, a UK based financial planning and discretionary wealth management business is set to be acquired by Hurst Point Topco Limited (Bidco), a newly formed company indirectly controlled by funds managed by Carlyle.

Bidco will buy Harwood for approximately £90.7 million.

Hurst Point and Carlyle believe the founders and management team of Harwood have built an attractive business that provides a platform to execute their investment strategy.

The partners want to continue to grow the business both organically and by acquisition by providing capital backing, investment and strategic support a...