Towergate-owners poised to buy Ryan Direct Group

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The major shareholders in Towergate, HPS Investment Partners and Madison Dearborn Partners (MDP) are set to buy Ryan Direct Group in a deal that could go through as early as next week, Insurance Age can reveal. According to market sources, the investors are set to swoop on the company which offers distribution, broking, affinities, claims management and claims validation services. Ryan Direct Group has previously been linked to JC Flowers which was rumoured to be in talks to buy the firm in Ma