Date: 18th November 2008
On behalf of: B.P. Marsh & Partners Plc ('B.P. Marsh' or the 'Company')
B.P. Marsh & Partners Plc
Acquisition of Shares by Director
B. P. Marsh & Partners Plc, the niche venture capital provider to early stage financial services businesses, announces that the Capita BPM Investment Fund, an open ended investment company in which Brian Marsh OBE, Executive Chairman of the Company, has a 95% beneficial interest, has today acquired 11,000 shares of the Company in the open market at a price of 88 pence per share.
This brings the total number of shares that Brian Marsh OBE is interested in to 17,143,771 shares representing 58.5% of the total issued share capital.
The total number of shares in issue is 29,286,143.
- Ends -
For further information:
B.P. Marsh & Partners Plc www.bpmarsh.co.uk
Brian Marsh OBE +44 (0)20 7730 2626
Nominated Adviser
Ambrian Partners Limited
David Nabarro/Marc Cramsie +44(0) 20 7634 4705
Notes to Editors:
About B.P. Marsh & Partners Plc
B.P. Marsh's current portfolio contains twelve companies. More detailed descriptions of the portfolio can be found at www.bpmarsh.co.uk.
Over the past 18 years, the Company has assembled a management team with considerable experience both in the financial services sector and in managing private equity investments. Many of the directors have worked with each other in previous roles, and all have worked with each other for at least three and a half years.
Prior to Brian Marsh's involvement in the Company, he spent many years in insurance broking and underwriting in Lloyd's as well as the London and overseas market. He has over 30 years' experience in building, buying and selling financial services businesses, particularly in the insurance sector.
Francis de Zulueta is the Company's Development Director. With a wide-ranging knowledge of the financial services market, he seeks out, researches and evaluates potential new investments for B.P. Marsh. Following a 23-year broking career with Willis Faber and Aon, among others, he took an active interest in the 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 investee companies through several non-executive board appointments and evaluates new investment opportunities.
Robert King is a Director and Group Company Secretary. He joined B.P. Marsh in May 2003 having started his career at PricewaterhouseCoopers. Since joining B.P. Marsh he has taken on responsibility for the Group's legal, compliance and secretarial functions and played a key role in the flotation of the Company.