International law firm Weil, Gotshal & Manges represented Advent International in its £200 million investment in Towergate Partnership, Europe’s largest independently owned insurance intermediary. Towergate has acquired 177 underwriting and broking firms since being founded in 1997 and now employs over 4,500 staff across 100 offices in the United Kingdom. They also have a significant presence in financial services through Towergate Financial and John Charcol.

Humphrey Battcock, Managing Partner at Advent International, said: “Towergate is representative of the type of business we look to partner with given its strong market position and leading management team, operating in one of our core subsectors in the financial services industry. We have long viewed Towergate as the premier insurance intermediary in the UK and we very much look forward to working with the management team.”

The Weil team was led by partner Marco Compagnoni and included partners Ian Hamilton and Sarah Priestley and associates James Harvey, Simon Lyell, Chris Smith, Alex Hasek, Tom Wheaton and Astrid Sandberg.