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All portfolio company news & mediaResults
September Trading Statement
17 September 2024B.P. Marsh & Partners Plc (AIM: BPM), the specialist venture capital investor in early stage financial services businesses, is pleased to provide the market with an update on trading for the Group's six month period ended 31 July 2024 (the "Period").
Devonshire UnderwritingAll portfolio company news & media
New Investment – Devonshire
27 March 2024B.P. Marsh and Partners Plc (AIM:BPM), the specialist private equity investor in early stage financial services businesses is pleased to announce that it has subscribed for a 30% Cumulative Preferred Ordinary shareholding in Devonshire, via a holding company.
All portfolio company news & mediaAi Marine
Investment in Ai Marine
3 January 2024B.P. Marsh & Partners PLC (AIM: BPM), the specialist private equity investor in early stage financial services businesses is pleased to announce that it has acquired a 30% Cumulative Preferred Ordinary shareholding in Ai Marine Risk Limited ("Ai Marine"), a London-based Managing General Agency ("MGA").
All portfolio company news & mediaAspira
Investee Company Update – LEBC
9 August 2023B.P. Marsh and Partners Plc (AIM:BPM), the specialist private equity investor in early stage financial services businesses, notes the announcement from Aspira Corporate Solutions Limited ("Aspira") regarding LEBC Group Limited ("LEBC Group"), both wholly-owned subsidiaries of LEBC in which the Group has a 59.34% shareholding.
All portfolio company news & mediaDenison and Partners Limited
New Investment – Pantheon Specialty Limited
21 June 2023B.P. Marsh and Partners Plc (AIM:BPM), the specialist private equity investor in early stage financial services businesses, is pleased to announce that it has subscribed for a 25% stake in Pantheon Specialty Limited ("Pantheon"), a new holding company established in partnership with Robert Dowman.
All portfolio company news & mediaPantheon Specialty Limited
Investment in Pantheon
21 June 2023B.P. Marsh and Partners Plc (AIM:BPM), the specialist private equity investor in early stage financial services businesses, is pleased to announce that it has subscribed for a 25% stake in Pantheon Specialty Limited ("Pantheon"), a new holding company established in partnership with Robert Dowman.
All portfolio company news & mediaKentro Capital Limited
Sale of Shareholding in Kentro
23 May 2023B.P. Marsh and Partners Plc (AIM:BPM), the specialist private equity investor in early stage financial services businesses, is pleased to announce the disposal of its entire 18.7% shareholding in Kentro, subject to FCA approval being granted.
All portfolio company news & mediaVerve Risk Services
Investment in Verve Risk Services
28 April 2023B.P. Marsh and Partners Plc (AIM:BPM), the specialist private equity investor in early stage financial services businesses is pleased to announce that it has acquired a 35% Cumulative Preferred Ordinary shareholding in Verve Risk Services Limited ("Verve"), a London-based Managing General Agency.
All portfolio company news & mediaXPT Group
Investee Company Update – XPT Group
6 February 2023B.P. Marsh & Partners Plc (AIM: BPM), the specialist venture capital investor in early stage financial services businesses, announces that is has entered into a new loan agreement with XPT Group to provide a further US$6m of funding via a short term US$2m Revolving Loan facility and a US$4m Term Loan. These facilities were drawn down in full by XPT Group on completion.
All portfolio company news & mediaDenison and Partners Limited
Investment in Denison and Partners
24 March 2022B.P. Marsh and Partners Plc (AIM:BPM), the Specialist Private Equity Investor in early stage financial services businesses, is pleased to announce that it has acquired a 40% Cumulative Preferred Ordinary shareholding in Denison and Partners Limited ("Denison and Partners"). B.P. Marsh has also provided a Loan Facility to Denison and Partners. This facility is available from completion and will be drawn down in tranches, in line with Denison and Partners' business plan. In aggregate, the Company will be providing funding of £802,000.
All portfolio company news & mediaAspira
Investee Company Update – LEBC
10 January 2022B.P. Marsh & Partners Plc (AIM: BPM), the specialist investor in early-stage financial services businesses, notes the announcement from Tavistock Investments Plc ("Tavistock") regarding their investment in LEBC Holdings Limited ("LEBC").
All portfolio company news & mediaKentro Capital Limited
Investee Company Update – Nexus
9 November 2021B.P. Marsh & Partners Plc (AIM: BPM), the specialist investor in early-stage financial services businesses, is pleased to announce that Nexus Underwriting Management Limited ("Nexus"), the independent specialty Managing General Agency ("MGA"), has successfully completed a refinancing exercise which sees £4m of loans repaid to B.P. Marsh over two years earlier than expected. Simultaneously to this refinancing, B.P. Marsh has acquired a further 2.49% shareholding in Nexus, from a founding shareholder.
All portfolio company news & mediaCBC UK Limited
Investee Company Update – CBC
19 October 2021B.P. Marsh & Partners Plc (AIM: BPM), the specialist investor in early stage financial services businesses, is pleased to announce that Paladin Holdings Limited ("Paladin") the 100% Shareholder of CBC UK Limited ("CBC"), the independent Retail and Wholesale Lloyd's Insurance Broker, has successfully executed a refinancing and capital raise.
All portfolio company news & mediaKentro Capital Limited
Investee Company Update – Nexus
8 October 2021B.P. Marsh & Partners Plc (AIM: BPM), the specialist investor in early-stage financial services businesses, is pleased to announce that Nexus Underwriting Management Limited ("Nexus"), the independent specialty Managing General Agency ("MGA"), has successfully completed a refinancing exercise which sees £4m of loans repaid to B.P. Marsh over two years earlier than expected. Simultaneously to this refinancing, B.P. Marsh has acquired a further 2.49% shareholding in Nexus, from a founding shareholder.
All portfolio company news & mediaXPT Group
Investee Company Update – XPT Group
7 October 2021B.P. Marsh & Partners Plc (AIM: BPM), the specialist investor in early stage financial services businesses, is pleased to announce that XPT Group LLC ("XPT"), the U.S. based specialty lines insurance distribution company, has successfully completed a fund-raising exercise and complementary acquisition.
All portfolio company news & mediaFiducia
Investee Company Update – Fiducia
6 September 2021B.P. Marsh & Partners Plc (AIM: BPM), the specialist investor in early stage financial services businesses, is pleased to present an update on one of its investments, The Fiducia MGA Company Limited ("Fiducia").
All portfolio company news & mediaATC Insurance Solutions
Investee Company Disposal – MB Prestige Holdings PTY Limited
1 September 2021B.P. Marsh & Partners Plc (AIM: BPM), the specialist investor in early-stage financial services businesses, is pleased to announce that MB Prestige Holdings PTY Limited ("MB"), the Sydney headquartered prestige motor vehicle Managing General Agency ("MGA"), has been acquired by ATC Insurance Solutions PTY Limited ("ATC"), the Melbourne headquartered MGA and Lloyd's Coverholder, in which the Group is also a shareholder.
All portfolio company news & mediaStewart Specialty Risk Underwriting
Investee Company Update – Stewart Specialty Risk Underwriting
10 August 2021B.P. Marsh & Partners Plc (AIM: BPM), the specialist investor in early-stage financial services businesses, is pleased to confirm that Stewart Specialty Risk Underwriting Ltd ("SSRU"), an independent Underwriting Agency, headquartered in Toronto, Canada, has, as of 30th July 2021, repaid in full the original loan facility provided by B. P. Marsh at investment.
All portfolio company news & mediaStewart Specialty Risk Underwriting
Investee Company Update – Stewart Specialty Risk Underwriting
23 March 2021B.P. Marsh & Partners Plc (AIM: BPM), the specialist investor in early-stage financial services businesses, is pleased to present an update on its investment, Stewart Specialty Risk Underwriting Ltd ("SSRU"), an independent underwriting agency and coverholder at Lloyd's, headquartered in Toronto, Canada.
All portfolio company news & mediaATC Insurance Solutions
Investee Company Update – ATC Insurance Solutions
26 January 2021B.P. Marsh & Partners Plc (AIM: BPM), the specialist investor in early-stage financial services businesses, is pleased to present an update on its investment, ATC Insurance Solutions PTY Limited ("ATC"), an independent underwriting agency and coverholder at Lloyd's, headquartered in Melbourne, Australia.
All portfolio company news & mediaKentro Capital Limited
Investee Company Update – Nexus
11 January 2021B.P. Marsh, the specialist investor in early-stage financial services businesses, is pleased to announce that on 30 December 2020, its investee company Nexus Underwriting Management Limited ("Nexus"), the leading independent specialty Managing General Agent, completed the acquisition of the Hiscox MGA Marine business ("Hiscox Marine") from Hiscox Ltd, the listed international specialist insurer.
All portfolio company news & mediaXPT Group
Investee Company Update – XPT Group
6 January 2021B.P. Marsh & Partners Plc (AIM: BPM), the specialist investor in early stage financial services businesses, is pleased to announce that its Investee Company, XPT Group LLC ("XPT"), the U.S. based specialty lines insurance distribution company, has successfully completed the acquisition of International Property & Casualty Brokers of Nevada, Inc. ("IPC").
All portfolio company news & mediaKentro Capital Limited
Investee Company Update – Nexus
14 December 2020B.P. Marsh & Partners Plc (AIM: BPM), the specialist investor in early stage financial services businesses, is pleased to present an update on one of its investments, Nexus Underwriting Management Limited ("Nexus"), the independent specialty Managing General Agency.
All portfolio company news & mediaLilley Plummer Risks Limited
Investee Company Update – Lilley Plummer Risks
19 November 2020B.P. Marsh & Partners Plc (AIM: BPM), the specialist investor in early stage financial services businesses, is pleased to announce that one of its investments, Lilley Plummer Risks Limited ("Lilley Plummer"), the nascent specialist Lloyd's broker, is on course to produce brokerage fees in excess of US $2m in its first year of trading, exceeding its strategic goals more quickly than originally planned.
All portfolio company news & mediaXPT Group
Further Progress at US Investee Company XPT Group
5 August 2020B.P. Marsh & Partners Plc (AIM: BPM), the specialist investor in early stage financial services businesses, is pleased to note the following updates from one of the Group's US investments, XPT Group LLC ("XPT"), in which it holds a 29.9% shareholding. XPT is a specialty lines insurance distribution business.
All portfolio company news & mediaSage Program Underwriters, Inc
Investment in Sage
29 June 2020B.P. Marsh and Partners Plc (AIM:BPM), the specialist private equity investor in early stage financial services businesses is pleased to announce that it has agreed to subscribe for a 30% Cumulative Preferred Ordinary shareholding in SAGE Program Underwriters ("SAGE"), for an equity consideration of $250,000 (c. £200,000).
All portfolio company news & mediaKentro Capital Limited
Portfolio Update
30 April 2020B.P. Marsh (AIM: BPM), the specialist investor in early stage financial services businesses, is pleased to note the recent receipt of a £2m Loan Repayment from Nexus Underwriting Management Limited ("Nexus").
All portfolio company news & mediaXPT Group
Investee Company Update – XPT Group
23 April 2020B.P. Marsh & Partners Plc (AIM: BPM), the specialist investor in early stage financial services businesses, is pleased to announce that investee company XPT Group LLC ("XPT"), the U.S. based specialty lines insurance distribution company, has successfully completed an acquisition.
All portfolio company news & mediaStewart Specialty Risk Underwriting
Investee Company Update – Stewart Specialty Risk Underwriting
5 March 2020B.P. Marsh, the specialist investor in early stage financial services businesses, is pleased to provide an update on its Canadian Investment, Stewart Specialty Risk Underwriting Limited ("SSRU").
All portfolio company news & mediaKentro Capital Limited
Investee Company Update – Nexus
18 February 2020B.P. Marsh & Partners Plc (AIM: BPM), the specialist investor in early stage financial services businesses, is pleased to note that its investee company Nexus Underwriting Management Limited ("Nexus"), has been ranked at number 78 in The Sunday Times International Track 200 league table, which ranks Britain's 200 mid-market private companies in order of fastest growing international sales.
All portfolio company news & mediaLilley Plummer Risks Limited
Investment in Lilley Plummer Risks
21 October 2019The Board of B.P. Marsh & Partners Plc, the specialist investor in early stage financial services intermediaries (AIM: BPM), is pleased to announce its investment in Lilley Plummer Risks Limited ("Lilley Plummer"), a newly formed specialist Marine Lloyd's broker, based in London. This transaction has resulted in the Company taking a 30% equity stake in Lilley Plummer for a total cash consideration of £1m, in a mixture of Redeemable and Non-Redeemable Preference shares.
All portfolio company news & mediaXPT Group
Investee Company Update – XPT Group
16 September 2019B.P. Marsh & Partners Plc (AIM: BPM), the specialist investor in early stage financial services businesses, is pleased to announce that XPT Group LLC ("XPT"), the U.S. based specialty lines insurance distribution company, has successfully completed a fund-raising exercise and complementary acquisition.
All portfolio company news & mediaKentro Capital Limited
Investee Company Update – Nexus
11 September 2019B.P. Marsh & Partners Plc (AIM: BPM), the specialist investor in early stage financial services businesses, is pleased to note that its investee company Nexus Underwriting Management Limited ("Nexus"), has announced that it has appointed Andrew Moss as independent Non-Executive Chairman. The Group holds an aggregate shareholding of 18.5% and has been invested since August 2014. The appointment of Andrew Moss forms part of Nexus' strategic growth plan.
All portfolio company news & mediaKentro Capital Limited
Investee Company Update – Nexus
30 July 2019B.P. Marsh & Partners Plc (AIM: BPM), the specialist investor in early stage financial services businesses, is pleased to note that its investee company Nexus Underwriting Management Limited ("Nexus"), in which it holds an aggregate shareholding of 18.5%, has announced that it has acquired Plus Risk Limited ("PRL"), a London based Financial and Professional Lines MGA.
All portfolio company news & mediaAg Guard
Investment in Ag Guard
15 July 2019The Board of B.P. Marsh & Partners Plc, the specialist investor in early stage financial services intermediaries (AIM: BPM), is pleased to announce its investment into Agri Services Company (PTY) Limited ("Agri Services"), based in Sydney Australia. This transaction has seen the Group subscribe for a 36% equity stake in Agri Services for an initial cash consideration of AU$1.47m (c.£817,000), and further consideration of up to AU$1.13m (c.£628,000) may become payable.
All portfolio company news & mediaKentro Capital Limited
Investee Company Update – Nexus
1 April 2019B.P. Marsh & Partners Plc (AIM: BPM), the specialist investor in early stage financial services businesses, is pleased to announce that it has provided Nexus Underwriting Management Limited ("Nexus"), in which it holds an 18.5% shareholding, with a £2m revolving credit facility, as part of Nexus' wider debt fundraising exercise in order to undertake M&A activity.
All portfolio company news & mediaXPT Group
Investee Company Update – XPT Group
18 January 2019B.P. Marsh & Partners Plc (AIM: BPM), the niche venture capital provider to early stage financial services businesses, is pleased to announce that XPT Group LLC ("XPT"), in which the Group owns a 35% shareholding, has acquired 100% of a New York City based MGA and Lloyd's Coverholder, SVA Underwriting Services Inc ("SVA").
All portfolio company news & mediaKentro Capital Limited
Investee Company Update – Nexus
21 December 2018B.P. Marsh & Partners Plc (AIM: BPM), the niche venture capital provider to early stage financial services businesses, is pleased to note that its investee company Nexus Underwriting Management Limited ("Nexus"), in which it holds an aggregate shareholding of 18.5%, has announced that it has acquired the policy renewal rights to the Hiscox Global Flying ("HGF") book of business, from Hiscox Syndicates Limited on 19 December 2018.
All portfolio company news & mediaAspira
LEBC reports record profits and continued strong growth
10 December 2018The Company notes that its Investee Company LEBC Holdings Limited ("LEBC"), in which it holds a 59.34% shareholding, has today announced its Annual Results for the twelve months to 30 September 2018.
All portfolio company news & mediaKentro Capital Limited
Investee Company Update – Nexus
30 October 2018B.P. Marsh and Partners Plc (AIM:BPM), the specialist private equity investor in early stage financial services businesses, is pleased to announce that it has acquired a further 1.9% in Nexus Underwriting Management Limited ("Nexus") for a cash consideration of £2.5m. The value of this transaction is in line with B.P. Marsh's valuation of Nexus as at 31 July 2018.
All portfolio company news & mediaKentro Capital Limited
Investee Company Update – Nexus
12 September 2018B.P. Marsh & Partners Plc (AIM: BPM), the niche venture capital provider to early stage financial services businesses, is pleased to note that its investee company Nexus Underwriting Management Limited ("Nexus"), in which it holds a 17.2% shareholding, has announced that it has completed the acquisitions of Huntington Underwriting Limited ("Huntington") on 6 September 2018 and Altitude Risk Partners LLP ("Altitude") on 7 September 2018.
All portfolio company news & mediaATC Insurance Solutions
Investment in ATC Insurance Solutions
10 July 2018The Board of B.P. Marsh & Partners Plc, the venture capital provider to early stage financial services businesses (AIM: BPM), is pleased to announce an investment into the Australian based company ATC Insurance Solutions PTY Limited ("ATC"). This transaction has seen the Group take a 20% equity stake in ATC for a total cash consideration of AUS$ 5m (£2.8m).
All portfolio company news & mediaCBC UK Limited
Investee Company Update – CBC
2 July 2018B.P. Marsh & Partners Plc (AIM: BPM), the niche venture capital provider to early stage financial services businesses, announces that CBC UK Limited ("CBC") has completed the 100% acquisition of PBS Insurance Limited ("PBS").
All portfolio company news & mediaAspira
LEBC reports strong growth in underlying profit
20 June 2018The Company notes that its Investee Company LEBC Holdings Limited ("LEBC"), in which it holds a 59.34% shareholding, has today announced its interim results for the six months to 31 March 2018.
All portfolio company news & mediaAspira
Acquisition of Aspira Corporate Solutions Ltd
15 December 2017B.P. Marsh & Partners Plc (AIM: BPM), the niche venture capital provider to early stage financial services businesses, announces that LEBC Holdings Limited ("LEBC"), the leading national Independent Financial Adviser ("IFA") in which B.P. Marsh has a 60.87% stake, has acquired 100% of the share capital of Aspira Corporate Solutions Ltd ("Aspira"), subject to FCA change of control.
All portfolio company news & mediaXPT Group
Investee Company Update – XPT Group
6 November 2017B.P. Marsh & Partners Plc (AIM: BPM), the niche venture capital provider to early stage financial services businesses, is pleased to inform the market that, further to the Company's announcement of 19 June 2017, XPT Group LLC ("XPT"), in which the Group owns a 35% shareholding, has acquired Western Security Surplus Insurance Brokers, Inc. ("WSS"), the Wholesale Broker and Managing General Agency.
All portfolio company news & mediaAspira
Further Investment in LEBC
27 July 2017B.P. Marsh & Partners Plc (AIM: BPM), the niche venture capital provider to early stage financial services businesses, is pleased to announce that is has acquired a further 17.84% in LEBC Holdings Limited ("LEBC") for aggregate cash consideration of £7,138,000.
All portfolio company news & mediaKentro Capital Limited
Investee Company Update – Nexus
19 July 2017B.P. Marsh & Partners Plc (AIM: BPM), the niche venture capital provider to early stage financial services businesses, is pleased to note that its investee company Nexus Underwriting Management Limited ("Nexus"), in which it holds an 18.6% shareholding, has announced that it has completed the acquisition of Zon Re Accident Reinsurance ("Zon Re"), a U.S. based Reinsurance Underwriting Agency. In 2016 Zon Re produced a Gross Written Premium of $14.3m, revenue of $3.77m and EBITDA of $2.69m. This acquisition was funded via a proportion of the previously announced £30m loan facility provided by the Company and HPS Capital Partners.
All portfolio company news & mediaKentro Capital Limited
Investee Company Update – Nexus
18 July 2017B.P. Marsh & Partners Plc (AIM: BPM), the niche venture capital provider to early stage financial services businesses, is pleased to note that its investee company Nexus Underwriting Management Limited ("Nexus"), in which it holds an 18.6% shareholding, has announced that it has acquired Equinox Global Limited ("Equinox"), a Trade Credit Managing General Agent with Lloyd's Coverholder approval. In 2017 Equinox is forecast to produce gross written premium of £20m, revenue of £5.1m and an EBITDA of £0.7m. This acquisition was funded via a proportion of the previously announced £30m loan facility provided by the Company and HPS Capital Partners.
All portfolio company news & mediaKentro Capital Limited
Investee Company Update – Nexus
13 July 2017B.P. Marsh & Partners Plc (AIM: BPM), the niche venture capital provider to early stage financial services businesses, is pleased to announce that it has provided Nexus Underwriting Management Limited ("Nexus"), in which it holds an 18.6% shareholding, with a £4m Loan Facility, as part of a wider debt fundraising exercise, in order to undertake M&A activity.
All portfolio company news & mediaKentro Capital Limited
Investee Company Update – Nexus
30 June 2017B.P. Marsh & Partners Plc (AIM: BPM), the niche venture capital provider to early stage financial services businesses, is pleased to note that its investee company Nexus Underwriting Management Limited ("Nexus"), in which it holds an 18.6% shareholding, has announced that it has completed the acquisition of Vectura Underwriting ("Vectura"), a Lloyd's Coverholder and Marine Cargo specialist, from Aquila Underwriting, part of Hawkes Bay Holdings Limited, which also owns the Lloyd's Insurance Broker Tyser & Co Limited.
All portfolio company news & mediaXPT Group
Investment in XPT Group
19 June 2017As announced by the Company on 13th June 2017, B.P. Marsh & Partners Plc (AIM:BPM) has invested $6,000,000 into a New York based specialty lines insurance distribution company. Following recent press speculation, the Company is pleased to announce further details concerning this new venture.
All portfolio company news & mediaCBC UK Limited
Investment in CBC
17 February 2017B.P. Marsh and Partners Plc (AIM:BPM), the specialist private equity investor in early stage financial services businesses is pleased to announce that it has acquired, through a newly established company Paladin NewCo Limited ("Paladin"), an effective 35% shareholding in CBC UK Limited ("CBC").
All portfolio company news & mediaStewart Specialty Risk Underwriting
Investment in Stewart Specialty Risk Underwriting Ltd
30 January 2017B.P. Marsh and Partners Plc (AIM:BPM), the specialist private equity investor in early stage financial services businesses is pleased to announce that it has subscribed for a 30% Cumulative Preferred Ordinary shareholding in Stewart Specialty Risk Underwriting Ltd ("SSRU").
All portfolio company news & mediaXPT Group
Investee Company Update – XPT Group
29 January 2017B.P. Marsh & Partners Plc (AIM: BPM), the niche venture capital provider to early stage financial services businesses, is pleased to announce that XPT Group LLC ("XPT"), in which the Group owns a 35% shareholding, has acquired W.E. Love & Associates, Inc. ("W.E. Love"), a Managing General Agency.
All portfolio company news & mediaKentro Capital Limited
Further Investment in Nexus
15 December 2016B.P. Marsh & Partners Plc (AIM: BPM), the niche venture capital provider to early stage financial services businesses, is pleased to announce that it has acquired a further 6.87% in Nexus Underwriting Management Limited ("Nexus"), an independent specialty Managing General Agency ("MGA"), for a total consideration of £4.0m.
All portfolio company news & mediaFiducia
Investment in Fiducia
22 November 2016B.P. Marsh and Partners Plc (AIM:BPM), the specialist private equity investor in early stage financial services businesses is pleased to announce that it has subscribed for a 25% cumulative preferred ordinary shareholding in The Fiducia MGA Company Limited ("Fiducia"), a recently established UK Marine Cargo Underwriting Agency, for a total consideration of £75,000.
All portfolio company news & mediaAsia Reinsurance Brokers
Investment in Asia Reinsurance Brokers
21 April 2016B.P. Marsh & Partners Plc (AIM: BPM), the niche venture capital provider to early stage financial services businesses, is pleased to announce that it has acquired a 20% shareholding in Asia Reinsurance Brokers Pte Limited ("ARB"), the Singapore headquartered independent specialist reinsurance and insurance risk solutions provider, for a total consideration of SGD $2,398,424.
All portfolio company news & mediaKentro Capital Limited
Further Investment in Nexus
7 December 2015B.P. Marsh & Partners Plc (AIM: BPM), the niche venture capital provider to early stage financial services businesses, is pleased to announce that it has subscribed for a further investment in Nexus Underwriting Management Limited ("Nexus"), an independent specialty Managing General Agency ("MGA"), for a total consideration of £1,470,000.
All portfolio company news & mediaKentro Capital Limited
Further Investment in Nexus
17 June 2015B.P. Marsh & Partners Plc (AIM: BPM), the niche venture capital provider to early stage financial services businesses, is pleased to announce that it has subscribed for a further investment in Nexus Underwriting Management Limited ("Nexus"), an independent specialty Managing General Agency ("MGA"), for a total consideration of £1,554,000. B.P. Marsh has acquired new Preferred Ordinary shares representing 5% of the enlarged share capital of Nexus, and the acquisition takes B.P. Marsh's shareholding in Nexus to 9.8% for an aggregate consideration of £3,108,000.
All portfolio company news & mediaKentro Capital Limited
Investment in Nexus
15 August 2014B.P. Marsh & Partners Plc (AIM: BPM), the niche venture capital provider to early stage financial services businesses, is pleased to announce that it has subscribed for a 5% Preferred Ordinary shareholding in Nexus Underwriting Management Limited ("Nexus"), the independent specialty Managing General Agency (MGA), for a total consideration of £1,554,000.
All portfolio company news & mediaAspira
Further Investment in LEBC
6 February 2014B.P. Marsh & Partners Plc (AIM: BPM), the niche venture capital provider to early stage financial services businesses, is pleased to announce that on 31st January 2014 it acquired a 12.02% stake in LEBC, from an exiting former employee shareholder, for a cash consideration of £1m. B.P. Marsh will also be providing LEBC's Employee Benefit Trust with a further £1m of funding via a secured short term loan facility (repayable within 12 months) in order to allow the management team to increase their shareholding in LEBC. B.P. Marsh view this management team as highly skilled professional partners who are capable of taking the business forward in line with its expectations, to become the pre-eminent independent financial adviser in the UK.
All portfolio company news & mediaSterling Insurance
Investment in Sterling Insurance
5 June 2013B. P. Marsh & Partners Plc (AIM: BPM), the niche venture capital provider to early stage financial services businesses, is pleased to announce that through a joint venture enterprise alongside Besso Insurance Group Limited ("Besso") it has acquired an effective 19.7% stake in Sterling Insurance Pty Ltd ("Sterling"), a specialist underwriting agency offering a range of insurance solutions within the Liability sector specialising in niche markets including hard-to-place and complex risks.
All portfolio company news & mediaAspira
Investment in LEBC
10 April 2007B. P. Marsh & Partners Plc (AIM: BPM), a niche venture capital provider to early stage financial services businesses, announces that it has acquired a 22.5% equity stake in LEBC Holdings Limited ("LEBC") for consideration of up to £1,965,500.
