BMS Group, a high growth independent speciality insurance and reinsurance broker, has secured an additional investment from Eurazeo in a deal that values the business at £1.75 billion.
Existing shareholders British Columbia Investment Management Corporation (BCI), Preservation Capital Partners (PCP), management and staff will continue to be invested in the business. The transaction is subject to regulatory approvals.
BMS’ management team, led by chief executive officer Nick Cook, will all remain in their roles following completion of the transaction, and management and staff of BMS will remain significant shareholders in the company.
BMS was advised by Evercore, BMS Capital Advisory and Macfarlanes LLP.