Och-Ziff has completed the £100m acquisition of preference shares in Towergate, the insurance underwriter and broker. The transaction comes on the back of an aborted deal with Candover that would have seen the private equity investor acquire a 20 per cent stake in the business.
Fund has raised €1bn of its €1.1bn target and plans to hold a final close in Q1 2020
GP will take a minority stake, with the Reisenthel family as majority shareholders
Horizon expects to merge the two IT services providers to create a business with 300 developers
EQT deploys capital from its EQT VIII fund, which hit its €10.75bn hard-cap in 2018