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Lighthouse acquires Berkeley Wodehouse

Lighthouse Group is acquiring Berkeley Wodehouse Associates by issuing £2.1m worth of new shares to the IFA network.

Lighthouse is also looking to raise a further £2.2m through a share issue to fund the acquisition and provide working capital for the enlarged group.

BWA chief executive Malcolm Streatfield gets a seat on the Lighthouse board in the role of joint managing director, operations. Nick Hamson becomes joint managing director, sales.

BWA finance director Paivi Grigg gets the same role at the enlarged group and BWA chairman Philip Whitehead joins Peter Tann as a second non-executive director.

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