BCI and Preservation Capital Partners Invest in BMS Group at £500M Valuation

June 5, 2019

British Columbia Investment Management Corporation (BCI) and Preservation Capital Partners (PCP) agreed to invest in UK-headquartered insurance broker BMS Group at a valuation of £500 million (USD 636 million). The transaction, expected to close in Q3 2019 subject to regulatory approvals, is a minority/growth investment that leaves BMS management and staff as significant shareholders and supports the firm's continued independent growth.

Buyers
British Columbia Investment Management Corporation (BCI), Preservation Capital Partners (PCP)
Targets
BMS Group
Sellers
Minova Insurance
Industry
Insurance
Location
England, United Kingdom
Transaction Type
Growth capital

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