MB Prestige

40%

9x

2.2%

Category
Managing General Agency
Jurisdiction
Australia
Investment date
August 2013
Latest valuation
£3,237,000

In December 2013, B.P. Marsh partnered with MB Prestige Holdings PTY Limited’s (“MB”), Management team to finance the management buy-out of another institutional shareholder, the Australian Private Equity Firm, Ironbridge. The Group invested AU$0.8m (c. £0.4m), for a 40% equity position.

In August 2021, the Group agreed to sell its 40% equity stake in MB for AU$6.8m (c. £3.57m), for which the Group will receive newly issued shares in ATC.