Palamon Capital to sell Towry for $853.4 mln

Palamon Capital Partners has agreed to sell Towry to Tilney Bestinvest for £600 million ($853.4 million). Towry, of the U.K. is a wealth manager with more than 9 billion pounds of client assets. Palamon expects to make 13x investment capital with the sale of Towry, the statement said.

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