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Lighthouse buys Carrwood Barker for 3.3m

Lighthouse has announced the acquisition of Carrwood Barker, an IFA and sipp administration group for 3.3m.
The firm is based in Manchester and Milton Keynes and is made up of 40 advisers based in chartered accountants throughout the UK.
Lighthouse has also announced plans to raise around 3m in new ordinary shares from institutional and other investors, to fund the acquisition.
A shareholder circular will be posted today, including notice of an Extraordinary General Meeting to be held at the end of November.
Lighthouse chairman David Hickey says: Carrwood Barker has an excellent market position, through its business relationships with a significant number of firms of chartered accountants through the UK.

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