Co-investment in the £1.6bn GP-led secondary of BMS, a leading, global, specialty insurance and reinsurance broker.
Founded in 1980, BMS is a UK-headquartered direct broker of specialty insurance and reinsurance, a sector with attractive fundamentals and strong underlying growth drivers.
A niche private equity exposure to market-leading business in a large addressable market with a proven business model, strong track record, and continuity of lead investors and management team who have a very material ongoing investment for alignment of interest.
It has a global client base which comprises businesses, insurers and reinsurers requiring complex and bespoke specialty insurance solutions.
BMS has a global footprint, operating in 13 countries with a loyal client base.
Preservation Capital Partners, the PE sector specialist is the investment advisor in this co-investment transaction and they focus exclusively on asset-light mid-market financial services businesses.
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