Slaughter and May is advising Towry, and its major shareholder Palamon Capital Partners, on the sale of Towry to Tilney Bestinvest in a transaction which values Towry at £600 million. Tilney Bestinvest is owned by Permira funds and its employees.

The combination creates one of the leading UK wealth management firms offering both financial planning and investment management services, with responsibility for over £20 billion of assets.

Contacts

Corporate and Private Equity: Susannah Macknay (partner), William Underhill (partner), Raghav Ghai (associate), Graeme Earle (associate), David Plant (associate), Henry Herbert (trainee), Saffiya Haddad (trainee)

Financial Regulation: Jan Putnis (partner), Kristina Locmele (associate), Jonny Medland (associate)

Pensions & Employment: Jonathan Fenn (partner), Katie Lewis (associate), Chris Boyle (associate)

IP / IT: Oliver Howley (associate);

Finance: Richard Jones (partner), Sarah Ellicott (associate)