Madison Dearborn set to inject £40mn into Towergate

Towergate is poised to raise an additional £40mn ($42.8mn) of
equity, with existing private equity backer Madison Dearborn
Partners (MDP) offering to buy the newly issued shares.
In an announcement today, Towergate holding company TIG Topco
said that it has also secured two shareholder loans worth up to
£42mn, although these are effectively being used as bridge
financing.
The statement said that Towergate would use some of the proceeds
from the sale of 40 million new shares at £