The £432m private equity acquisition of SIPPs and Financial Planning firm Mattioli Woods has moved ahead this week with over 95% of shareholders voting in favour.

Private equity investor Pollen Street Capital is to acquire SIPPs and Financial Planning firm Mattioli Woods in a £432m deal announced today.

Wealth manager and Financial Planner Kingswood is to raise a further £20m to fund its acquisition war-chest.

Wealth manager Kingswood has added two new board directors following an £80m private equity-led investment expected to spur ambitious expansion plans.