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Towergate in talks over £200m private equity deal

Towergate is thought to be close to be agreeing a £200m cash injection from private equity firm Advent International.

Towergate executive chairman Peter Cullum is reportedly holding exclusive talks with Advent which if successful would mean Advent taking a significant minority stake in the company.

Cullum was awarded a CBE in the new year’s honours list for his services to business and to charity.

Towergate has made it known that it is on the acquisition trail. Towergate Financial acquired A1 Financial Services in December, after announcing in August it was in talks to acquire four companies.

The company also bought mortgage brokerage John Charcol out of administration last February.

In addition, group subsidiary Towergate Healthcare bought Origen’s healthcare business in December, but did not disclose the terms of the sale.


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  1. “£200m cash injection from private equity firm Advent International”
    “Advent taking a significant minority stake in the company”

    You must be refering to Towergate Partnership rather than Towergate Financial as I can not see how TF is valued at greater than £200m.

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