11 04 2016

Tilney Bestinvest acquires Towry from Palamon Capital Partners for £600 million

Ogier, instructed by Slaughter & May, has advised Palamon Capital Partners on matters of Jersey law relating to its agreement, subject to regulatory approval, to sell Towry for £600 million to Tilney Bestinvest which is owned by certain Permira funds.


The combination will create one of the leading UK wealth management firms offering clients award winning investment management alongside highly skilled financial planning on a national scale. The combined business will have responsibility for over £20 billion of assets for affluent and high net worth clients. Slaughter and May is advising Towry, and its major shareholder Palamon Capital Partners with a team including Susannah Macknay (partner), William Underhill (partner), Raghav Ghai (associate), Graeme Earle (associate), David Plant (associate), Henry Herbert (trainee), Saffiya Haddad (trainee) (M&A), Jan Putnis (partner), Kristina Locmele (associate), Jonny Medland (associate), Richard Jones (partner), Sarah Ellicott (associate) (Banking & Finance), Jonathan Fenn (partner), Katie Lewis (associate), Chris Boyle (associate) (Pensions & Employment) and Oliver Howley (associate) (IP&IT). The Ogier team included corporate partner Raulin Amy (Picture) and senior associate Saraid Taylor. Involved fees earner: Raulin Amy - Ogier LLP; Saraid Taylor - Ogier LLP; Susannah Macknay - Slaughter and May; William Underhill - Slaughter and May; Raghav Ghai - Slaughter and May; Graeme Earle - Slaughter and May; David Plant - Slaughter and May; Henry Herbert - Slaughter and May; Jan Putnis - Slaughter and May; Kristina Locmele - Slaughter and May; Jonny Medland - Slaughter and May; Richard Jones - Slaughter and May; Sarah Ellicott - Slaughter and May; Jonathan Fenn - Slaughter and May; Katie Lewis - Slaughter and May; Chris Boyle - Slaughter and May; Oliver Howley - Slaughter and May;

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