Business
Completion of U.S. Risk (UK)
Completion of U.S. Risk (UK).
About this update from B.p. Marsh & Partners Plc
[{"type":"text","content":"\n RNS Number : 7789P B.P. Marsh & Partners PLC 22 July 2010 \n \n\nDate: 22 July 2010\nOn behalf of: B.P. Marsh & Partners Plc (\"B. P. Marsh\" or the \"Company\")\n \nB.P. Marsh & Partners Plc\n \nCompletion of U.S. Risk (UK) Limited Investment \n \nB.P. Marsh & Partners Plc (AIM: BPM), a niche venture capital provider to early stage financial services businesses, today announces that following receipt of FSA approval, it has completed its acquisition of a 30% equity stake in U.S. Risk (UK) Limited (\"U.S. Risk\") for a cash consideration of £1,396,417. \n \nAs previously announced on 10 June 2010, U.S. Risk is the parent company of NCG Professional Risks Limited (\"NCG\"), a London based Lloyd's insurance and reinsurance broker. The investment will be used to drive NCG's growth plans to diversify the business further and strengthen its core areas of focus: professional indemnity, North America, special risks and reinsurance. \n \nThis investment increases B.P. Marsh's portfolio to 10 companies. \n \n- ends -\n \nFor further information:\n \nB.P. Marsh & Partners Plc www.bpmarsh.co.uk\nBrian Marsh OBE +44 (0)20 7233 3112\n \nNominated Adviser\nArbuthnot Securities\nNick Tulloch / Ed Gay +44 (0)20 7012 2000\n \n \nNotes to Editors:\n \nAbout B.P. Marsh & Partners Plc\n \nB.P. Marsh's current portfolio contains 10 companies. More detailed descriptions of the portfolio can be found at www.bpmarsh.co.uk. \n \nOver the past 20 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 seven years. \n \nPrior to Brian...