Towergate issues bondholder call for bids

Royal Mail letter

Broker writes to bondholders to invite bids to buy the business.

Towergate has written to bondholders saying that any interested in buying the business should contact them via Evercore as soon as possible.

The letter stated: "The group has decided to invite other persons potentially interested in acquiring the group also to make proposals.

"Any holders of the notes who are interested in participating in making such proposals should contact Evercore as soon as possible to express their interest."

Process
Insurance Age understands that the letter is part of the

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.

You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Insurance Age? View our subscription options

Register

Sign up and gain access to five complimentary news articles every month.

Already have an account? Sign in here

AUB reports Momentum and Movo deal costs

Sydney-headquartered AUB Group has revealed the costs of snapping up 40% of appointed representatives network Momentum Broker Solutions and 80% of fellow AR offering Movo Group last year, and promised more deals to come.

Most read articles loading...

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: