Towergate bondholders add debt restructuring specialists to team
Peter Cullum and Andy Homer could also be set to swoop.
The Times has revealed that Towergate bondholders have hired "big hitters" Houlihan Lokey, an investment bank that specialises in restructuring, and Sullivan & Cromwell, a law firm based in the USA, to advise investors.
According to the article, Houlihan Lokey will work for senior unsecured debt holders while Sullivan & Cromwell will advise the secured creditors.
Bidders?
Peter Cullum, non-executive deputy chairman at Towergate and non-executive director Andy Homer are also reportedly in the race
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