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Private equity firm scoops up Towry Law

Brokerage Towry Law has been bought for £37m by JS&P Holdings, a fee-based wealth management, financ...

Brokerage Towry Law has been bought for £37m by JS&P Holdings, a fee-based wealth management, financial planning and employee-benefit firm owned by private equity funds managed by Palamon Capital Partners.

The transaction is subject to UK regulatory approval and is expected to complete in March.

Towry Law comprises an independent financial advisory business and an insurance broking business, offering products and services to individuals and corporate clients in the UK.

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