Towry: We'll buy ten firms this year

Andy Cowan (pictured) said the firm, which is backed by a group of private equity players, is in discussions with firms of all sizes about potential takeovers, and plans to acquire at least ten firms this year and more in the next. Last year the national advisory firm bought five firms, the largest of which was Bluefin, after it raised a pot of £35m from its investors to be used for expansion. Cowan said funding the acquisitions was not a problem as the firm had access to both cash and debt funding, but resources for effective integration were a "key limiting factor". "We are prett...