14th Feb 2008 13:26
B.P. Marsh & Partners PLC14 February 2008 Date: 14th February 2008 On behalf of: B.P. Marsh & Partners Plc ("B.P. Marsh" or the "Company") For immediate release B.P. Marsh & Partners Plc Further re: sale of investment in Principal Investment Holdings Ltd("Principal") Further to Tuesday's announcement of the sale of its equity interest inPrincipal, the specialist investment management company, (the "Transaction"),the Company (AIM: BPM) announces that the maximum possible DeferredConsideration receivable by the Company is approximately £2.9 million. As announced on Tuesday, the Deferred Consideration will be payable in twoyears' time and will be determined by the performance of the FTSE 100 Index onspecific quarter dates during that period relative to the value of the FTSE 100Index on the date the sale price was agreed (6,479 points). - ends - For further information: B.P. Marsh & Partners Plc www.bpmarsh.co.ukBrian Marsh OBE +44 (0)20 7730 2626 Nabarro Wells & Co. Limited (Nominated Adviser)David Nabarro/Marc Cramsie +44 (0)20 7710 7400 Redleaf Communications (PR to BP Marsh)Emma Kane/Tom Newman +44 (0)20 7822 0200 -ends- Notes to Editors: About B.P. Marsh & Partners Plc B.P. Marsh's current portfolio contains ten companies. More detaileddescriptions of the portfolio can be found at www.bpmarsh.co.uk. Over the past 18 years, the Company has assembled a management team withconsiderable experience both in the financial services sector and in managingprivate equity investments. Many of the directors have worked with each other inprevious roles, and all have worked with each other for at least three and ahalf years. Prior to Brian Marsh's involvement in the Company, he spent many years ininsurance broking and underwriting in Lloyd's as well as the London and overseasmarket. He has over 30 years' experience in building, buying and sellingfinancial services businesses, particularly in the insurance sector. Managing Director, Natasha Dunbar, has over 10 years' experience in thefinancial services industry. Having joined the Company in 1994 she was mademanaging director in March 2002. Natasha works closely with Brian Marsh indefining the strategic development of the Company. Francis de Zulueta is the Company's Development Director. With a wide-rangingknowledge of the financial services market, he seeks out, researches andevaluates potential new investments for B.P. Marsh. Following a 23-year brokingcareer with Willis Faber and Aon, among others, he took an active interest inthe mergers, acquisitions and venture capital business of Marsh McLennan. Jonathan Newman is the Group Director of Finance and has over 10 years'experience in the financial services industry. Jonathan advises investeecompanies through several non-executive board appointments and evaluates newinvestment opportunities. Robert King is a Director and Group Company Secretary. He joined B.P. Marsh inMay 2003 having started his career at PricewaterhouseCoopers. Since joining B.P. Marsh he has taken on responsibility for the Group's legal, compliance andsecretarial functions and played a key role in the flotation of the Company. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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