Slaughter and May is advising on the sale of Towry to Tilney Bestinvest

Slaughter and May is advising Towry, and its major shareholder Palamon Capital Partners, on the sale of Towry to Tilney Bestinvest in a transaction which values Towry at £600 million. Tilney Bestinvest is owned by Permira funds and its employees.

The combination creates one of the leading UK wealth management firms offering both financial planning and investment management services, with responsibility for over £20 billion of assets.