Tilney Bestinvest is pleased to announce that it has reached an agreement, subject to regulatory approval, to acquire Towry from majority shareholder Palamon Capital Partners for £600 million. 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.
The combination will bring together two well established and highly successful firms. The enlarged Tilney Bestinvest group will continue to use the Towry, Tilney and Bestinvest brands in different parts of the market while a review of future branding is undertaken. Peter Hall, Chief Executive Officer of Tilney Bestinvest, will lead the combined group.
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