IN BRIEF: BP Marsh invests GBP2.5 million for stake in start-up SRT
30th Oct 2024 14:58
BP Marsh & Partners PLC - London-based private equity firm, investing in early-stage financial services businesses - Buys 30% stake in SRT & Partners Ltd, a London-based start-up Lloyd's and London Market broker, which aims to provide clients with specialist broking and underwriting services and to grow both organically and by acquisition. The investment by BP Marsh in the cumulative preferred ordinary shares of SRT is provided as a mixture of equity and loan, totalling GBP2.5 million. SRT has used the funds to make to two acquisitions. These are Read Hunt Ltd, a retail insurance broker, and First Business Finance Ltd, an asset finance broker. Read More