Private equity firm Advent, which invested £200m in Towergate in 2011, has wrote down the value of its stake in the embattled UK insurance broker to zero, as part of a debt restructuring.
PressDigest
Unsecured bondholders to take control of Advent-backed Towergate
Sunday 8 February 2015 at 15:43
Private equity firm Advent, which invested £200m in Towergate in 2011, has wrote down the value of its stake in the embattled UK insurance broker to zero, as part of a debt restructuring.