Broker Network hails new independence
Market welcomes Towergate selling its majority stake, but some have questioned aspects of the deal
The £46m buyout of Broker Network from Towergate has been hailed as a return to independence for the network and warmly received by members. However, some commentators have queried aspects of the deal.
Towergate sold a majority stake in the network plus shares to private equity firm Highbridge. Highbridge also holds a majority stake in Towergate.
Broker Network CEO Andy Fairchild insisted that having Highbridge as the ultimate owner of both organisations does not mean Towergate will still be
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