Towry courts £600m sale as float plans dumped

Palamon Capital Partners has brought in bankers at Evercore to find new investors, sources told the Sunday Times, and is expected to offload Towry early next year. Bids are due before Christmas. A sale would mean Towry's 900 employees - including advisers - would receive a windfall, as they each hold shares in the company alongside Palamon. The decision follows talks about a stock market float, and the adviser could still be listed if the sale talks fail, City sources told the Sunday Times. Palamon declined to comment. Towry serves more than 25,000 clients across Britain. It has of...