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Kingswood backers eye Lombard International deal

Investment firm Apollo Global Management also rumoured to be in the running New York-listed Kingswood Acquisition Corp is reportedly looking to merge with wealth solutions provider Lombard International. According to Sky News, the special purpose acquisition company (Spac) is among a number of bidders for Lombard International including Apollo Global Management. A Spac is a corporation formed for the sole purpose of raising investment capital through an initial public offering (IPO). When the Spac raises the required funds through an IPO, the money is held in a trust until the desired acquisition is made. This news comes weeks after Details

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