B.P. Marsh & Partners PLC
20 March 2008
Date: 20th March 2008
On behalf of: B.P. Marsh & Partners Plc ('B. P. Marsh' or the 'Company')
Embargoed until 0700hrs
B.P. Marsh & Partners Plc
£500,000 Investment in Trillium Partners Limited
B. P. Marsh & Partners Plc (AIM: BPM), a niche venture capital provider to early
stage financial services businesses, today announces that it has acquired a 25%
equity stake in Trillium Partners Limited ('Trillium') for consideration of
£500,000.
Trillium was founded by Stephen Routledge and Philip Mastriforte in 2004 and is
an independent financial advisory firm in the Media and Information sector.
Since then the company has worked on 19 advisory assignments for 13 clients
covering acquisitions, disposals, mergers and fundraising in that sector.
Trillium's turnover for the year ended 30th September 2007 was £785,000 which
generated pre-tax profits of £446,191.
In addition to B. P. Marsh's equity investment of £500,000, B. P. Marsh has
agreed to provide Trillium with a loan facility of up to £750,000 which will be
used to fund further growth over the next three years.
B. P. Marsh financed the acquisition from existing cash resources. The Company's
Nominee Director appointed to the Board of Trillium will be Brian Marsh OBE.
In addition Baroness Janet Cohen, former Executive Director of Charterhouse Bank
and Non-Executive Director of the London Stock Exchange will be joining the
Board of Trillium as Non-Executive Chairman and Mark Adams, Partner at Pembridge
Partners LLP and Non-Executive Chairman of marketing services group, Loewy, also
joins Trillium as a Non-Executive Director.
Commenting on the investment, Brian Marsh OBE, B.P. Marsh's Chairman, said:
'The team at Trillium has an excellent track record and a superb reputation. We
are delighted to provide the support they need to enable them to grow the
business and capitalise on future opportunities, and we're very happy to be
associated with this quality business.'
Philip Mastriforte of Trillium added:
'We are delighted to welcome B.P. Marsh as an investor in Trillium Partners. Our
partnership with B.P. Marsh will accelerate our growth and consolidate our
position as a leading independent financial advisory firm.
We are also pleased to welcome Baroness Cohen, Brian Marsh OBE and Mark Adams to
the Board of Trillium Partners. Each has a depth of relevant experience and they
will make a significant contribution to our continuing success.'
- ends -
For further information:
B.P. Marsh & Partners Plc www.bpmarsh.co.uk
Brian Marsh OBE +44 (0)20 7730 2626
Nominated Adviser
Nabarro Wells & Co. Limited
David Nabarro/Marc Cramsie +44(0) 20 7710 7400
Redleaf Communications (PR to B.P. 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 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.
This information is provided by RNS
The company news service from the London Stock Exchange
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