Kingswood Acquisition Corp.

Kingswood Acquisition Corp. is a blank-check company (SPAC) that raised $100M in its initial public offering on Nov 23, 2020, listing on New York Stock Exchange. It completed its business combination with Wentworth Management Services LLC on Mar 15, 2024; the combined company is Binah Capital Group, Inc. (BCG). Kingswood led the IPO, with Pollen Street Capital and Moor Park Capital Partners. Winston & Strawn advised the SPAC and Loeb & Loeb advised the underwriters on the IPO.

Wentworth Management Services LLC is a holding company that acquires and manages businesses in the wealth management industry. It specializes in consolidating independent broker-dealers to gain the economies of scale needed to serve financial advisors.

Status

Merger completed

IPO date

Nov 23, 2020

IPO size

$100M

IPO exchange

New York Stock Exchange

Target

Wentworth Management Services LLC (Binah Capital)

Announced

Jul 7, 2022

Closed

Mar 15, 2024

Combined company

Binah Capital Group, Inc. (BCG)

IPO underwriters

Kingswood, Pollen Street Capital and Moor Park Capital Partners

SPAC counsel (IPO)

Winston & Strawn

Underwriters' counsel (IPO)

Loeb & Loeb