Kingswood Acquisition Corp KWAC = 1C + 3/4W
1W + $11.50. Call $18.
Term 18 months.
IPO Trust = $10.25 + Interest (see details below). $102,477,000 ($10.25 per unit) in a US based trust account with Continental Stock Transfer & Trust Company acting as trustee.
Closed on November 24, 2020.
OPPENHEIMER & CO
we will redeem 100% of the public shares at a per share price, including interest (which interest shall be net of taxes payable and up to $100,000 of interest to pay dissolution expenses), divided by the number of then issued and outstanding public shares, subject to applicable law and certain conditions as further described herein.
Our management team will consist of Gary Wilder, our Executive Chairman, and Michael Nessim, our Chief Executive Officer, who will both be supported by our non-executive directors and our two principal financial backers:
1). KPI (Nominees) Limited, a UK-incorporated company (“KPI”), which is wholly owned by Kingswood Property Finance LP (“KPFLP”), a UK private investment partnership that is in turn wholly owned and controlled by Gary Wilder and Jonathan Massing. KPI and its subsidiaries have approximately $8 billion of assets under advice and management; and
2). Pollen Street Capital Group (“Pollen Street”), a global alternative asset investment management company focused on the financial and business services sectors with $3.5 billion of assets under management across private equity and credit strategies.
Mr. Wilder, our Executive Chairman, has over 30 years of experience across corporate finance, mergers and acquisitions, financing, operations, business development, sales and marketing and branding for companies across all industries, including wealth managers and broker dealers. Mr. Wilder has structured finance and private equity investment experience in Europe, Asia and the U.S. and has been involved in all phases of investment processes, including equity capital raising, fund structuring, debt financing, property acquisitions, asset management and sales. He has built an extensive network of deep relationships with key players, advisors, brokers, consultants, investment banks and analysts. Mr. Wilder has successfully executed over $30 billion in transaction across over 100 M&A, capital markets, structured finance and private equity transactions investing $4.2 billion of equity over the course of his career.
Mr. Nessim, our Chief Executive Officer, has over 24 years of experience in the financial services industry. Starting his career in 1995 as a registered representative with Josephthal & Co., a former independent retail brokerage firm, he built a team of registered representatives and sales support. In 1998, Mr. Nessim began an independently owned franchise of an independent broker dealer. He grew the business to over 100 advisors and 10 support staff. He has spent the majority of his career as an owner and operator of registered franchises (Office of Supervisory Jurisdiction).