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Former Editor

Private equity firm TowerBrook Capital Partners is selling a stake in itself to a US investor in order to free up capital to spend on the business.

TowerBrook informed its investors today that it would sell a 10% stake in the management company to Wafra Strategic Investors, a fund managed by the Wafra Investment Advisory Group which is backed by the Public Institution for Social Security of Kuwait, according to a person close to the matter. TowerBrook's partners are selling part of their personal stakes to Wafra as part of the transaction.

Proceeds from the deal with Wafra Strategic Investors will be reinvested into the firm's current and future funds

Ayesha Javed

Acquisitions/Mergers/Divestments

Ownership Changes

Corporate Actions

Corporate/Industrial News

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C&E Industry News Filter

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TowerBrook sells 10% stake to US firm

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