Customisable watchlists with full streaming quotes from leading exchanges, such as LSE, NASDAQ, NYSE, AMEX, Bovespa, BIT and more.
| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| B.p. Marsh & Partners Plc | BPM | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 5.00 | 0.71% | 705.00 | 08:05:22 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 702.50 | 702.50 | 705.00 | 705.00 | 700.00 |
| Industry Sector |
|---|
| GENERAL FINANCIAL |
| Top Posts |
|---|
Posted at 05/11/2024 03:00 by waldron B.P. Marsh & Partners Plc is a United Kingdom-based specialist investor in early stage and growing financial services intermediary businesses.The Company invests in various business, including insurance intermediaries, financial advisors, wealth and fund managers and specialist advisory and consultancy firms. The Company invests amounts of up to £5m in the first round. The investment stage ranges from start up to more developed. Its investments are in the Insurance Intermediary sector. Its Insurance Intermediary investments are separated into two areas, including insurance brokers and underwriting agencies/managing general agents (MGAs). The Companyâ€͐ The Company consider investment opportunities based in the United Kingdom, Europe, North America and Internationally. Number of employees: 16 |
Posted at 29/10/2024 11:58 by davebowler Sale of Lilley Plummer Holdings Limited ("Lilley Plummer Risks" or "LPR")B.P. Marsh & Partners Plc (AIM: BPM), the specialist venture capital investor in early-stage financial services businesses, is pleased to announce the disposal of its fully diluted 28.4% shareholding in Lilley Plummer Holdings Limited, the 100% owner of specialist Lloyd's broker Lilley Plummer Risks Limited. Highlights: · £21.65m (net of all transaction costs) cash consideration to be received from the disposal of its 28.4% holding acquired for a Net Equity Investment of £0.3m in Lilley Plummer Risks · £4.5m uplift (26%) from £17.1m valuation as at 31 July 2024 and £8.1m uplift (60%) from £13.5m valuation as at 31 January 2024 · Money multiple on Equity Investment of 71.4x · Internal rate of return to B.P. Marsh of 93.5% Sale of Shareholding in Lilley Plummer Risks B.P. Marsh has agreed to dispose of its shareholding in Lilley Plummer Risks, the London-based Lloyd's Broker, pursuant to an agreement by which Clear London Markets Limited ("Clear Insurance") has agreed to acquire the entire issued share capital of Lilley Plummer Risks. Clear Insurance is majority owned by Goldman Sachs. Background to the Investment B.P. Marsh invested in Lilley Plummer Risks in October 2019, when the Company acquired a 30% equity stake for a total cash consideration of £1m, in a mixture of Redeemable and Non-Redeemable Preference shares. The Redeemable Shares (£0.7m) of the Group's investment were redeemed in June 2023. As a start-up business, Lilley Plummer Risks achieved brokerage of £1.8m and EBITDA of £0.4m in its first full year to 31 December 2020. In its year ending 31 December 2024, Lilley Plummer Risks is forecasting to achieve brokerage of £12.7m and an adjusted EBITDA of £6.1m. The Transaction Upon completion, the Group will receive £21.65m in cash (net of all transaction costs). This represents a £4.5m uplift (26%) from the £17.1m valuation as at 31 July 2024. Subject to adjustments at completion, and combined with current cash and equivalent resources, B.P. Marsh expects to have funds available of approximately £100.0m (after transaction costs and tax). Abigail Benson, the Company's Nominee Director on the Board of Lilley Plummer Risks, will resign from this role on completion of the sale. Commenting on this disposal, the Group's Chief Investment Officer, Dan Topping stated: "It has been a pleasure to work with Stuart Lilley, Dan Plummer and the team at Lilley Plummer Risks over the last five years. The Group's founding investment in Lilley Plummer Risks, and its eventual sale, is testament to our approach in seeking partnerships with skilled management teams to create and ultimately realise value for our shareholders. We are delighted to have been part of the growth of Lilley Plummer Risks and wish the whole team all the very best for the next chapter in their growth and development in partnership with Clear Insurance." Commenting on this disposal, Stuart Lilley (CEO) and Dan Plummer (Managing Director), added: "It has been a privilege to have been a part of the B.P. Marsh portfolio over the last five years. As valued partners, Dan and Abi have been instrumental in helping the business grow to a level that leads us into an exciting new chapter with The Clear Group and Goldman Sachs. We would like to sincerely thank everyone at B.P. Marsh for all their expert guidance and friendship since forming LPR back in October 2019 and wish them all the very best for the future." Use of Proceeds The Board of B.P. Marsh intends to continue to strike a balance between utilising funds for investment for long-term capital growth opportunities across the existing portfolio and new ventures, whilst providing shareholders with a meaningful ongoing return. Given the cash realisation following the disposal of Lilley Plummer Risks and the strong capital position of the Group, it is the Board's intention to distribute a further £7m by way of dividends over the next three years, which will be allocated as follows:- - In the year ending 31 January 2026 it has been agreed to increase the previously announced dividend allocation from £4m to £5m; - In the year ending 31 January 2027 it has been agreed to increase the previously announced dividend allocation from £4m to £5m; and - In the year ending 31 January 2028 it has been agreed to extend the dividend policy and pay an additional £5m. We believe this proposal is consistent with the Group's long term capital management strategy which allows the Company to maintain its existing investment strategy whilst also rewarding shareholders. In the year ended 31 January 2024 Lilley Plummer Risks contributed £0.4m income and the Board is confident it will be able to replace the historical contribution from Lilley Plummer Risks as a result of reinvestment of the proceeds which will be received. This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018. |
Posted at 13/12/2023 13:35 by davebowler 08 December 2023B.P. Marsh & Partners Plc PDMR and Director Dealings B.P. Marsh (AIM: BPM), the specialist investor in early-stage financial services businesses, announces that it has been notified that Felicity Topping, a Person Closely Associated with Mr. Dan Topping, Chief Investment Officer, has traded in the ordinary shares of 10 pence each in the Company ("Ordinary Shares"). The Company has been made aware that Miss Topping on 7(th) December 2023 purchased 1,758 Ordinary Shares for 426p per share, or an aggregate of GBP7,489.08. As a result of the transaction, Dan has a beneficial interest in 134,832 Ordinary Shares (including 11,434 Ordinary Shares owned by his wife Claire Cronin and the 1,758 Ordinary Shares now owned by Miss Topping), together with a beneficial interest in 24,531 Ordinary Shares held in the Company's SIP Trust, representing in aggregate approximately 0.42% of the total voting rights of the Company. Additionally, Dan, as part of the Company's Joint Share Ownership Plan, has a beneficial interest (as a joint owner alongside JTC Employer Solutions Trustee) over 167,465 Ordinary Shares, representing approximately 0.45% of the total voting rights of the Company. Furthermore, Dan has options over 260,000 Ordinary Shares as part of the Company's Share Option Plan announced on 15(th) November 2023 |
Posted at 07/12/2023 09:04 by davebowler Sale of Paladin Holdings Limited, parent company of CBC UK LimitedB.P. Marsh and Partners Plc (AIM:BPM), the specialist private equity investor in early stage financial services businesses, is pleased to announce the sale of its entire shareholding in Paladin Holdings Limited ("Paladin"), the holding company of CBC UK Limited ("CBC"), subject to certain conditions including regulatory approval being granted. Highlights: -- GBP41.8m (net of all transaction costs) initial cash consideration expected to be received from the disposal of the Group's 43.8% holding in Paladin on completion, subject to regulatory approval -- Internal rate of return to B.P. Marsh of 45% (inclusive of all income and fees) based on initial consideration -- Repayment to the Group of GBP5.9m outstanding loans to Paladin -- GBP11.3m uplift from GBP30.53m valuation as at 31 July 2023 -- Potential for GBP17.8m further consideration if Paladin achieves defined hurdles -- Initial equity investment of GBP3.5k Sale of Shareholding in Paladin B.P. Marsh has agreed to sell its shareholding in Paladin, the parent company of CBC, the London-based Insurance Broker, to Specialist Risk Group Limited ("SRG"), one of the fastest growing groups of insurance intermediaries in the UK, subject to regulatory approval. SRG is backed by HGGC, the Californian based mid-market private equity firm. Background to the Investment B.P. Marsh originally invested in Paladin as part of a Management Buy-Out in February 2017, with an initial equity investment of GBP3.5k for a 35% shareholding. The Company has also supported Paladin with loan funding during this time, and currently has outstanding debt of GBP5.9m. Since B.P. Marsh's investment, Paladin's EBITDA has grown from a loss of GBP(50)k in 2016 to a forecast adjusted EBITDA of GBP10m in FY23. In the year ended 31 January 2023, Paladin contributed GBP0.9m to the Group's total income from investments. The Transaction Upon completion, the Group expects to receive at least GBP41.8m in cash (net of all transaction costs) plus repayment in full of its GBP5.9m loans to Paladin, an aggregate cash receipt of GBP47.7m. The equity proportion of the initial consideration alone represents an GBP11.3m uplift (or 37%) on the Group's most recent GBP30.53m valuation of the investment as at 31 July 2023, underlining our valuation methodology. As well as the initial consideration on completion, the Company will also be entitled to receive its proportion of any net working capital adjustment, expected to be finalised within three months of completion. The Company will then be entitled to receive deferred consideration of up to GBP17.8m in cash based upon 20% EBITDA growth targets above Paladin's current EBITDA in FY24 and FY25, payable in 2025 and 2026. There is the possibility of further consideration in FY25 should Paladin outperform these growth targets. Jon Newman, the Company's Finance Director and Nominee Director on the Boards of Paladin and CBC, will resign from his roles at Paladin and CBC on completion of the sale. The investment, development and subsequent sale of the Group's holding in Paladin demonstrates B.P. Marsh's established strategy of partnering with entrepreneurial management teams to assist their growth prior to reaching a management-led exit in a time frame that suits all parties. Jon Newman, the Group's Finance Director, commented: "The sale of our stake in Paladin at an expected IRR of 45% at completion with the potential for significant further consideration over the next two years, is testament to our investment strategy and ability to identify opportunities to back successful management teams and to successfully realise value for our shareholders. We believe that there are few, if any, UK investors that could have made this investment, demonstrating the specialist position that B.P. Marsh occupies in the marketplace and the opportunities that this can provide our investors. "It has been an absolute pleasure to work with Andrew Wallas, Rob Cottingham and the whole team at CBC and be a part of the transformational growth since the MBO almost seven years ago. This deal offers an exciting future for both SRG and CBC, and the whole of B.P. Marsh wishes everyone at CBC every success in the future." Andrew Wallas, Chairman of CBC, said: "When Rob Cottingham called me in 2016 to explain the opportunity for a Management Buyout of independent Lloyd's Broker CBC, I contacted B.P. Marsh, who agreed to partner with us very readily. This year is the 50th anniversary of me commencing my career within the Lloyd's market as a junior administrator with Nelson Hurst under the tutelage of Brian Marsh. B.P. Marsh has provided follow on funding and supported us to expand the business by attracting highly experienced, talented and dedicated practitioners. "The B.P. Marsh nominee director on our board, Jon Newman, has provided us with insight, inspiration, wise council and a calming influence which has been invaluable to us as we have developed the business under the leadership of Rob Cottingham. The role and expertise of B.P. Marsh and in particular Jon Newman in helping us to navigate this transaction has been deeply appreciated by both Rob Cottingham and myself." Use of Proceeds Subject to completion, this transaction would increase the Group's current funds to approximately GBP93.7m after transaction costs and tax. Following the receipt of the Sales proceeds, the Directors will present their plans for the utilisation of this cash to Shareholders. Note |
Posted at 10/10/2023 07:48 by davebowler B.P. Marsh & Partners PLC Completion of Sale of Kentro Capital Limited (4864P)10/10/2023 7:00am UK Regulatory (RNS & others) B.p. Marsh & Partners (LSE:BPM) Intraday Stock Chart Tuesday 10 October 2023 Click Here for more B.p. Marsh & Partners Charts. TIDMBPM RNS Number : 4864P B.P. Marsh & Partners PLC 10 October 2023 10 October 2023 B.P. Marsh & Partners Plc ("B.P. Marsh", "the Company" or "the Group") Completion of Sale of Kentro Capital Limited Updated Use of Proceeds B .P. Marsh & Partners Plc (AIM: BPM), the specialist venture capital investor in early stage financial services businesses, reports that, further to its announcement on 23 May 2023, the sale of its 18.38% stake in Kentro Capital Limited ("Kentro") to Brown & Brown, Inc ("Brown & Brown"), has today completed, delivering sale proceeds to us of GBP51,522,000. Accordingly, the Board intends to declare a special dividend of 2.78p per ordinary share at the time of the Company's Interim Results on 17 October 2023, along with details of the proposed payment date. The Board has also agreed to allocate a further GBP6.0m for dividends over the next three years , payable in the years ending 31 January 2025, 31 January 2026 and 31 January 2027. Kentro's Founder and Chief Executive Officer, Colin Thompson commented: "During the time that B.P. Marsh invested in Kentro, the business has undergone tremendous growth, culminating in the international success and leading market position of our MGA platform (Nexus). In that same time, we have built a best-in-class specialist broking operation (Xenia) of which we are immensely proud. None of this would have been possible without the support provided by our friends at B.P. Marsh. As we move on to our permanent home with Brown & Brown, we would like to thank B.P. Marsh for partnering with us and wish them all the very best in their future endeavours." Commenting on this disposal, the Group's Chief Investment Officer, Dan Topping stated: "We here at B.P. Marsh would like to wish Colin Thompson and the whole team at Kentro all the best for the next chapter in their growth and development, in partnership with Brown & Brown. It has been a pleasure to work with the whole team at Kentro over the last 9 years and to see the business grow and flourish. This disposal has delivered an Internal Rate of Return of 23.66% (inclusive of all income and fees) and a money multiple on the Equity Investment of 3.41x. It is a further testament to B.P. Marsh's ability to secure niche opportunities, to back successful management teams and to successfully realise value for our shareholders." Brian Marsh OBE, Chairman of B.P. Marsh, commented: "The GBP51.5m sale of our stake in Kentro demonstrates the Company's ability to partner with young businesses and management teams and help them achieve their ambitious growth plans, whilst delivering strong returns for our shareholders. "As a result of this disposal, we are pleased to be able to declare a special dividend and to outline further dividends over the next three years. These funds will enable us to make further investments in the portfolio, delivering capital growth, alongside shareholder returns." Note This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018. For further information: B.P. Marsh & Partners Plc www.bpmarsh.co.uk Brian Marsh OBE +44 (0)20 7233 3112 Nominated Adviser & Broker Panmure Gordon Atholl Tweedie / Stephen Jones / Amrit Mahbubani / Ailsa MacMaster +44 (0)20 7886 2500 Financial PR & Investor Relations Tavistock bpmarsh@tavistock.co Simon Hudson / Tim Pearson / Katie Hopkins +44 (0)20 7920 3150 Notes to Editors: B.P. Marsh's current portfolio contains fourteen companies. More detailed descriptions of the portfolio can be found at www.bpmarsh.co.uk . Since formation over 30 years ago, the Company has assembled a management team with considerable experience both in the financial services sector and in managing pr |
Posted at 23/5/2023 12:39 by cricketcrazy This is a stunning deal resulting in 40% of the market cap will now be in cash. Surely if investors do not find this attractive, the company could easily go private following the impact of this transaction. |
Posted at 06/2/2023 16:34 by cwa1 Investee Company Update - XPT Group LLC ("XPT Group")B.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. XPT Group has utilised these funds to acquire Cal Inspection Bureau Inc ("CAL"), a California based physical inspection company that carries out surveys and inspections of sites, on behalf of insurers and insurance intermediaries. CAL was established in 1988, by its founder and president Emil Moskowitz, who has joined Platinum Specialty Underwriters ("Platinum") as part of this acquisition. CAL is widely regarded as the premier underwriting survey and audit business on the west coast of the USA, working with almost every MGA and wholesale broker in their territory. With CAL as part of Platinum, the goal is for CAL to become the premier underwriting survey and audit business throughout the USA. XPT Group sees the services offered by CAL as a natural adjunct to Platinum's current wholesale channel business model, with Platinum being able to offer physical inspection services alongside other third-party claims adjusting administrator offerings. The acquisition of CAL is XPT Group's 13th acquisition since formation. XPT Group's performance since its inception has been impressive, with the business producing Gross Written Premium of over US$500m in its financial year ended 31st December 2022 (2021: US$400m). XPT Group is projecting strong growth during 2023, both via its continued acquisition strategy and underlying organic growth. |
Posted at 05/7/2022 10:19 by thrugelmir To narrow the discount keep buying the stock. I recall ST once saying. Park your tanks on the lawn when it comes to stocks thats are unloved by the the institutional investors. |
Posted at 10/1/2022 07:49 by cwa1 10 January 2022B.P. Marsh & Partners Plc ("B.P. Marsh", "the Company" or "the Group") Investee Company Update - LEBC Holdings Limited B.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"). Tavistock has agreed to acquire 21% of LEBC Holdings Limited from Marie McVitie, the widow of LEBC's founder and former Chief Executive, the late Jack McVitie. The acquisition is subject to customary approval from the Financial Conduct Authority. The consideration paid by Tavistock to Marie McVitie for her shareholding in LEBC will be GBP10m. This implies a 100% equity valuation for LEBC of GBP44.5m, which underpins the Company's own valuation of LEBC at 31 July 2021 of GBP25m for its 59% shareholding. Tavistock is an AIM listed financial services group that has over 175 advisers across the UK helping 40,000+ clients look after more than GBP4 billion of investments. B.P. Marsh, alongside LEBC's Management Team, look forward to working with Tavistock to support LEBC in entering the next phase of development and growth. Commenting on this new partnership, the Group's Chief Investment Officer, Dan Topping stated:- "B.P. Marsh welcomes Tavistock as our new investment partner in LEBC. This is a great opportunity for all businesses involved, with there being a number of synergies to be implemented over the coming months. "This transaction with Tavistock further endorses our investment mantra of supporting our original partners to secure an exit when needed, whilst also supporting our portfolio companies' underlying Management Teams." Derek Miles, LEBC's Managing Director, stated:- "On behalf of LEBC and its Management Team, I would like to welcome Tavistock as a new shareholder in LEBC. "With the joint support of B.P. Marsh and Tavistock, I look forward to building on LEBC's strong track record of growth, taking the business forward in the best interest of all our stakeholders." |
Posted at 22/12/2021 07:19 by cwa1 Nice little disposal announced:-Date: 22 December 2021 B.P. Marsh & Partners Plc ("B.P. Marsh", "the Company" or "the Group") Investee Company Disposal - Walsingham Motor Insurance Limited B.P. Marsh, the specialist investor in early-stage financial services businesses, is pleased to announce that on 21 December 2021 the Group sold its stake in investee company Walsingham Motor Insurance Limited ("WMIL"), a London-based Managing General Agency, which specialises in UK Courier and Taxi fleet motor insurance. B.P. Marsh sold its 40.5% shareholding in WMIL for GBP4.6m in cash. As part of this transaction, the Group will receive a further GBP0.2m in cash from its 20% shareholding in Walsingham Holdings Ltd, resulting in total proceeds of GBP4.8m alongside the repayment of GBP0.3m in loans. WMIL has been acquired by Humn.ai Limited ("Humn"), a London-based insurance provider producing real-time data-driven fleet insurance. The Group initially invested GBP0.3m in WMIL in December 2013, with total equity investment to date of GBP0.6m. In addition, the Group provided GBP1.2m in loans which were subsequently fully repaid. The Group also invested in Walsingham Holdings Ltd in May 2018 and provided GBP0.3m in loans to enable it to acquire 11.7% in equity of WMIL from an exiting shareholder. Over the eight years following the initial investment, WMIL has grown its Gross Written Premium from start-up to over GBP26m. In total, including the amounts receivable from both WMIL and Walsingham Holdings Ltd, this disposal represents a multiple of eight times the equity invested. This represents a 23% uplift over the valuation announced at 31st July 2021 of GBP3.9m, and an Internal Rate of Return of 22% (inclusive of all income and fees). The disposal of WMIL is in keeping with B.P. Marsh's strategy of investing for the long term in start-up and early stage businesses with ambitious management teams. This allows the Company to work with management to help grow their business, before disposing of its stake at a beneficial time for both B.P. Marsh, management and the investee company itself. CEO of WMIL, Garry Watson, commented: "It has been a pleasure working with the B.P. Marsh team over the past years and their contribution and support has been invaluable in getting Walsingham to where we are today." Commenting on the disposal, the Group's Finance Director and Nominee Director on the Board of WMIL, Jon Newman, commented: "It has been a pleasure to work with Garry Watson, Martin Gray and the whole team at WMIL over the past eight years and to see the business grow and flourish. The acquisition by Humn offers an exciting future for them, and we wish everyone at WMIL every success. "The sale of our stake in WMIL at an IRR of 22% is another example of B.P. Marsh being able to identify niche opportunities to back successful management teams and to successfully realise value for our shareholders. This demonstrates the benefits of our investment process which has proven successful over a number of years." |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
