Has Towry Dropped Flotation Plans?

by | Dec 7, 2015

Share this article

Facebook Open Graph

It’s being reported that Towry has dropped plans to float on the London Stock Exchange.

A story in The Sunday Times said that Towry’s owners, private equity group Palamon Capital Partners, has brought in advisers to help find new investors and arrange a sale early in the new year.

The report also said that should a sale not take place, then the float could still go ahead. It’s reckoned that Towry is worth around £600m, according to City estimates.

 
 

Towry is one of the UK’s largest IFA firms and has over £9bn under management. It has had a busy year, acquiring Ashcourt Rowan and Baker Tilly’s financial arm.

IFA Magazine contacted Towry, but the press office said that they did not comment on speculation.

Share this article

Related articles

LGIM proposes changes to UK Property Fund

LGIM proposes changes to UK Property Fund

Legal & General (Unit Trust Managers) (LGUTM) has today proposed to shareholders the transition of its direct UK real estate strategy, the L&G UK Property Fund (PAIF) and its feeder Fund, the Legal & General UK Property (Feeder).  With a commitment to...

Sign up to the IFA Magazine Newsletter

Trending articles

IFA Talk logo

IFA Talk is our flagship podcast, that fits perfectly into your busy life, bringing the latest insight, analysis, news and interviews to you, wherever you are.

IFA Talk Podcast - listen to the latest episode

x