Broking Break – Your Top Five
From investments to technology, from acquisitions to innovations and liquidator revelations it has been another action packed week in broking.
5) Madison Dearborn Partners becomes second largest Towergate shareholder
US private equity firm Madison Dearborn Partners (MDP) has now completed the first stage of its investment in Towergate picking up 17.9% of voting rights and becoming the second largest shareholder.
Under the original announcement MDP used Tango Investments to bid for Towergate's holding companies Sentry Holdings and TIG Topco.
4) SSP users suffer new disruption
SSP brokers have experienced further disruption
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