Macfarlanes has advised GE Capital, HSBC and RBS in relation to a new £70m facility made available to wealth adviser Towry. The facility has been used to refinance Towry's existing senior and mezzanine facilities into a single, all-senior debt package.  It also includes acquisition financing for Towry to make further acquisitions in the sector.

The Towry group was created through a series of acquisitions by private equity owner Palamon from 2003 onwards, and now has in excess of £5.5bn of assets under management.

Banking and finance partner Andrew Perkins led the Macfarlanes team, supported by senior solicitor Jonathan Keil and solicitor Adam Caines.