Investee Company LEBC Holdings

RNS Number : 1662K

B.P. Marsh & Partners PLC

03 May 2022

 

3 May 2022

B.P. Marsh & Partners Plc

("B.P. Marsh", "the Company" or "the Group")

 

Investee Company Update - LEBC Holdings Limited

B.P. Marsh and Partners Plc (AIM:BPM), the specialist Private Equity Investor in early stage financial services businesses, is pleased to update the market, further to the Company's announcement made on 10 January 2022 regarding LEBC Holdings Limited ("LEBC").

On 29 April 2022 Tavistock Investments Plc ("Tavistock") received approval from the Financial Conduct Authority, to become a "controller" (as per the Financial Conduct Authority's rules) of LEBC Group Limited, of which LEBC is the Parent Company. The acquisition by Tavistock of 21% of the issued share capital of LEBC from Marie McVitie has now completed.

B.P. Marsh looks forward to developing its partnership with Tavistock in LEBC.

For further information:
B.P. Marsh & Partners Plc Brian Marsh OBE	www.bpmarsh.co.uk [phone]
Panmure Gordon (UK) Limited Atholl Tweedie / Charles Leigh Pemberton / Ailsa MacMaster	[phone]
Tavistock Communications Limited Simon Hudson / Tim Pearson	[e-mail] [phone]

 Notes to Editors: 

B.P. Marsh's current portfolio contains fifteen companies. More detailed descriptions of the portfolio can be found at  www.bpmarsh.co.uk . 

Since formation over 30 years ago, 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 approaching ten years. 

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