Towergate sells Hayward Aviation to JLT

Troubled UK intermediary Towergate has sold its aviation broker
Hayward Aviation to JLT for a consideration of £27mn.
The deal is the first in what is expected to be a series of
disposals by Towergate, as it attempts to get its £1bn of debt
under control.
Hayward is a specialist general aviation broker operating in the
UK, Europe and South Africa, focused on helicopters and private and
corporate fixed-wing aircraft for high-net-worth individuals and
small and mid-sized commercial aviat