9 April 2024
B.P. Marsh & Partners
Plc
("B.P. Marsh", "the Company"
or "the Group")
Investment Update - Pantheon
Specialty Limited
B.P. Marsh and Partners Plc
(AIM:BPM), the specialist private equity investor in early stage
financial services businesses, is pleased to announce an update on
Pantheon Specialty Limited ("Pantheon").
Background to the
Investment
B.P. Marsh invested in Pantheon in
June 2023, alongside its Founder and CEO Robert Dowman,
subscribing for a 25% shareholding.
Robert has over 30+ years of
experience in the insurance industry and is seen as a leading
London Market Casualty broker, specialising in the larger more
complex liability placements across the world, whether that be on a
facultative or programme basis.
Since investment, B.P. Marsh has
provided Pantheon with a loan facility of £4.5m. The provision of
this loan, alongside Pantheon's strong performance to date, has
allowed the business to make a number of key hires, in line with
Pantheon's strategy to build a market leading independent
specialist broker across multiple markets. Pantheon are on course
to deliver £5m of EBITDA in their first full year of
trading.
Appointment of Howard
Green
Pantheon will be appointing Howard
Green, the former Chairman of Besso Insurance Group Limited
("Besso"), to the Board, subject to regulatory approval. Howard
will also assume the role of Group Chairman.
Howard was one of Besso's founding
members and architects and has considerable experience in building
and leading international broking businesses.
Howard was also the Chairman of
Besso's Property division. Howard brings to Pantheon his wide
breadth of client and market relationships, which will make him
extremely well placed to assist Pantheon on its growth trajectory.
Robert Dowman, the
Founder and CEO of Pantheon commented:-
"I
am delighted that Howard is joining the Board of Pantheon and
becoming our Group Chairman.
Howard's experience and knowledge will be a great asset to
Pantheon in achieving our long term-growth aspirations. I look
forward to working with him once again."
For
further
information:
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B.P.
Marsh & Partners Plc
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www.bpmarsh.co.uk
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Brian Marsh OBE
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+44 (0)20 7233 3112
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Nominated Adviser & Broker
Panmure Gordon
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Atholl Tweedie / Amrit
Mahbubani / Ailsa MacMaster
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+44 (0)20 7886 2500
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Financial PR & Investor Relations
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Tavistock
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bpmarsh@tavistock.co.uk
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Simon Hudson / Tim Pearson / Katie
Hopkins
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+44 (0)20 7920 3150
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Notes to Editors:
B.P. Marsh's current portfolio
contains fifteen 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
private equity investments. Many of the directors have worked with
each other in previous roles, and all have worked with each other
for over ten years.
- Ends
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