24th Feb 2025 10:42
(Alliance News) - BP Marsh & Partners PLC on Monday said it had a robust pipeline of potential new and follow-on investments, as it hailed trading in the financial year just gone.
The London-based private equity firm, investing in early-stage financial services businesses said performance from the portfolio continued to be "strong", while it completed two disposals during the financial year ended January 31.
It added that in the second financial half, it bought back shares on 22 days, on total 93,570 shares for GBP506,989, at an average price of 540 pence per share.
BP Marsh rose 5.6% to 689.00 pence each on Monday morning in London.
The company said it had "a robust pipeline of potential new and follow-on investments."
Regarding the insurance market outlook, the firm said: "Given the portfolio predominantly operates in specialist risk areas, rates tend to be less volatile and therefore we remain confident that our portfolio is suitably prepared to weather a softening market. The ongoing consolidation trends in the insurance market show no signs of slowing down as we move into 2025. This activity remains a catalyst for substantial prospects for the group, both in terms of new investments and activity within our core portfolio."
It added: "Furthermore, both the group and its portfolio companies continue to attract interest from entrepreneurial individuals and teams who are seeking to remain outside of this consolidation process, creating further avenues for new investments, strategic partnerships and expansion in the year ahead."
BP Marsh will release annual results on June 10.
By Tom Budszus, Alliance News slot editor
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