Clear London Markets (Clear Group) Acquires Lloyd's Broker Lilley Plummer Risks from B.P. Marsh
October 29, 2024
Clear London Markets Limited, majority owned by Goldman Sachs Asset Management and part of the Clear Group, has agreed to acquire Lilley Plummer Risks Limited (LPR), a specialist Lloyd's broker, from B.P. Marsh & Partners Plc. The deal adds approximately £150m of gross written premium to Clear, will see B.P. Marsh receive about £21.65m net of transaction costs, and brings LPR's ~38 staff into the Clear Group to bolster its Lloyd's and specialist broking capabilities.
- Buyers
- Clear London Markets Limited (The Clear Group), Goldman Sachs Asset Management
- Targets
- Lilley Plummer Risks Limited (LPR)
- Sellers
- B.P. Marsh & Partners Plc, Lilley Plummer Holdings Limited
- Industry
- Insurance
- Location
- England, United Kingdom
- Transaction Type
- Buyout
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