Towergate 'close to £200m cash injection'

Advent and Towergate are in exclusive talks about a deal that would see the private equity group take a significant minority stake in the company, according to Sky News. Towergate is one of Britain's leading insurance firms, employing hundreds of people. It also provides independent financial advice and, in December, acquired Wetherby-based A1 Financial Services. A year ago, it rescued mortgage advisory firm John Charcol from administration. According to Sky, the company may seek a stock market listing in 2013 that could propel it into the FTSE 100. Cullum, who received a CBE in...