Business
First Day of Dealing
First Day of Dealing.
About this update from B.p. Marsh & Partners Plc
[{"type":"text","content":"\n B.P. Marsh & Partners PLC\n02 February 2006\n\n \nDate: 2 February 2006\nOn behalf of: B.P. Marsh & Partners Plc ('BP Marsh' or 'the Company')\nEmbargoed until: 07:00hrs\n\n\nB.P. Marsh & Partners\nAdmission to AIM\n\n\nB.P. Marsh & Partners Plc, a niche venture capital provider to early stage\nfinancial services businesses, announces that trading in the Company's shares\nwill commence today on the AIM market of the London Stock Exchange at 08:00\nunder the ticker symbol BPM.\n\nThe commencement of trading follows the placing of a total of 9.3 million shares\n(including just under 7.9 million new shares) at £1.40 per share, raising gross\nproceeds of £11 million for the Company (£10 million net of expenses). There\nwill be a total of 29.3 million shares in issue on admission, resulting in an\ninitial market-capitalisation of just over £41 million.\n\nBP Marsh typically invests amounts of up to £2.5 million through flexible\ninvestment structures involving equity and often debt. The Company only takes\nminority equity positions and normally acquires between 15 per cent and 45 per\ncent of an investee company's total equity. The Company insists on its investee\ncompanies adopting certain minority shareholder protections and appointing one\nof the Company's directors to the relevant board.\n\nDuring the last 16 years, BP Marsh's management team, led by Chairman Brian\nMarsh OBE, has invested in 25 companies. The Company's successfully realised\ninvestments have been sold at a substantial profit, returning in aggregate over\n3 times the initial investment, with two investments returning over 37 times.\n\nAt July 31, 2005, the audited net asset value of the Company was £28.9 million.\nThis represented an increase in net asset value of £26.3 million over the\noriginal capital investment in 1990 of £2.5 million, or an average annual\ncompound growth rate of 17%, net of all expenses, realisations, losses and\ndistributions.\n\n\n\nBP Marsh's successful investment model is based on a number of factors,\nincluding considerable experience in the financial services sector, extensive\ndue diligence as well as a flexible exit-strategy. Moreover, the Company takes a\npro-active approach to new investment opportunities, and has built up an\nextensive contact network in the United Kingdom and beyond.\n\n\n\nCommenting ...