B.P. Marsh & Partners PLC
14 February 2008
Date: 14th February 2008
On behalf of: B.P. Marsh & Partners Plc ('B.P. Marsh' or the 'Company')
For immediate release
B.P. Marsh & Partners Plc
Further re: sale of investment in Principal Investment Holdings Ltd
Further to Tuesday's announcement of the sale of its equity interest in
Principal, the specialist investment management company, (the 'Transaction'),
the Company (AIM: BPM) announces that the maximum possible Deferred
Consideration receivable by the Company is approximately £2.9 million.
As announced on Tuesday, the Deferred Consideration will be payable in two
years' time and will be determined by the performance of the FTSE 100 Index on
specific quarter dates during that period relative to the value of the FTSE 100
Index on the date the sale price was agreed (6,479 points).
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For further information:
B.P. Marsh & Partners Plc www.bpmarsh.co.uk
Brian Marsh OBE +44 (0)20 7730 2626
Nabarro Wells & Co. Limited (Nominated Adviser)
David Nabarro/Marc Cramsie +44 (0)20 7710 7400
Redleaf Communications (PR to BP Marsh)
Emma Kane/Tom Newman +44 (0)20 7822 0200
Notes to Editors:
About B.P. Marsh & Partners Plc
B.P. Marsh's current portfolio contains ten 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
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.
Managing Director, Natasha Dunbar, has over 10 years' experience in the
financial services industry. Having joined the Company in 1994 she was made
managing director in March 2002. Natasha works closely with Brian Marsh in
defining the strategic development of the Company.
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
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