Towry Group Limited Raises £35 Million of New Equity

December 27, 2012

On December 19, 2012, Palamon Capital Partners announced that its portfolio company Towry Group Limited had raised £35 million of new equity from two Palamon co-investors, AlpInvest Partners and Honeywell Capital Management.

On December 19, 2012, Palamon Capital Partners announced that its portfolio company Towry Group Limited had raised £35 million of new equity from two Palamon co-investors, AlpInvest Partners B.V. and Honeywell Capital Management LLC.  The new equity will provide additional funding for Towry’s expansion plans.  The terms of the transaction were not disclosed.  Towry provides fee-based wealth advice and discretionary asset fund management services with approximately £4.6 billion in assets under management.  

To read the press release, please click here.


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Investment Manager Private Equity, Investment Manager Strategic Investments, Transactions