Former Towergate investor to wind down
The private equity firm linked with buying a 25% stake in Towergate 32 months ago has decided to wind-up its investments and return cash to investors after takeover talks broke down.
At the start of 2008 Candover Investments was poised to buy a quarter of Towergate, valuing it at £3bn.
However, talks collapsed with sources close to Towergate claiming Candover had moved the
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