Towry Law has received a cash injection from US investment company, Asset Management Finance LLC (AMF).
AMF is an investor targeting global wealth and asset management sectors, and the Towry Law deal represents its first investment in Europe.
Towry Law has received mezzanine finance to meet its expansion needs. The firm continues to be owned by its principal shareholders, Palamon Capital and Towry Law employees.
Andrew Fisher, CEO of Towry Law, says: "We were seeking to broaden our capital base as we continue to expand and grow, without giving up a significant equity position in the firm or sacrificing any control in the firm's governance."
He says AMF's knowledge of the asset management sector, coupled with their passive minority investment strategy, made it the partner of choice for Towry Law.
AMF says it plans to make further investments in the UK and European wealth management sectors in the future.
Lower cost option for advisers
Following 2016 thematic review
December 2018 or early 2019
Feasibility study due
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