Sale of Interest in Amiga to Sodalis
Summary by AI BETAClose X
17 March 2026
B.P. Marsh & Partners Plc
("B.P. Marsh", the "Company" or the "Group")
Sale of Interest in Amiga Speciality Holdings Limited ("Amiga")
B.P. Marsh and Partners Plc (AIM:BPM), the specialist private equity investor in early-stage financial services businesses, is pleased to announce that Amiga, the international specialty underwriting agency, has been acquired by Sodalis Capital Limited ("Sodalis"), a B.P. Marsh portfolio company. Upon completion, the Group will retain a 25.55% shareholding in Sodalis.
The Transaction
Under the terms of the transaction, Sodalis has acquired 100% of the issued share capital of Amiga, for an initial consideration of £1.8m.
At completion, B.P. Marsh will receive the following:
· £706,250 in cash for its 39.24% shareholding, having invested a nominal amount; and
· Repayment in full of its outstanding loan facility to Amiga of £1.825m.
In addition, the sellers (including B.P. Marsh) may receive deferred consideration, contingent upon Amiga's performance over the financial years ending December 2027 and 2028. B.P. Marsh's share of any deferred consideration will be pro rata to its existing shareholding in Amiga.
Dan Topping has resigned from his role as nominee director on the board of Amiga but remains on the board of Sodalis.
Rationale for the Transaction
By combining Amiga's underwriting expertise and carrier relationships with Sodalis' acquisition-led growth model and capital base, the enlarged group is well positioned to accelerate organic growth, pursue further M&A and deepen its presence in key markets.
The transaction also allows senior members of Amiga's management team to roll equity into Sodalis, aligning incentives and allowing continued participation in the combined group's growth.
This transaction demonstrates B.P. Marsh's unique and flexible approach to investing in the financial services sector, in terms of both size and structure.
Sodalis was founded by Colin Thompson in November 2025 to pursue a buy-and-build strategy within the international insurance intermediary sector, targeting specialist underwriting and wholesale broking platforms across the UK, Europe and the Middle and Far East.
B.P. Marsh invested £5.3m in Sodalis for Cumulative Preferred Shares, receiving an initial 26.67% equity interest in Sodalis alongside Colin Thompson and Alliant Insurance Services, Inc, in November 2025.
Post-transaction, the Group now holds a 25.55% equity interest in Sodalis, providing indirect exposure to Amiga and preserving future upside potential.
Colin Thompson, Founder and CEO of Sodalis, stated:
"The acquisition of Amiga represents a significant step in building a high-quality, international specialty insurance platform. Amiga brings strong underwriting expertise and relationships which will complement Sodalis's broader growth strategy."
Dan Topping, CEO at B.P. Marsh, commented:
"This transaction reflects our ability to create strategic opportunities across our portfolio. We are pleased to support this consolidation and continue our relationship with the Amiga team through our investment in Sodalis."
|
For further information on B.P. Marsh, its strategy and current portfolio, please visit www.bpmarsh.co.uk or contact:
|
|
|
B.P. Marsh & Partners Plc Daniel Topping / Alice Foulk
|
+44 (0)20 7233 3112 |
|
Nominated Adviser & Joint Corporate Broker: Singer Capital Markets Advisory LLP Charles Leigh-Pemberton / Peter Steel / James Todd
|
+44 (0)20 7496 3000 |
|
Joint Corporate Broker: Investec Bank plc Christopher Baird / David Anderson / Maria Gomez de Olea
|
+44 (0)20 7597 5970 |
|
Financial PR & Investor Relations: Tavistock Simon Hudson / Katie Hopkins / Kuba Stawiski
|
+44 (0)20 7920 3150 |
About B.P. Marsh
B.P. Marsh & Partners Plc (AIM: BPM) is a specialist investor in early stage and small to medium-sized financial services intermediary businesses, with a particular focus on the insurance sector. Bridging the gap to traditional private equity funding rounds, B.P. Marsh takes a typical initial equity stake of up to £5m, often complemented by loans, and is able to tailor its investment model to each opportunity. Taking a long-term view of its investments, with an average holding period of around seven years, the Group supplies strategic insight and capital while empowering entrepreneurial management teams to grow their businesses.
The B.P. Marsh portfolio is diversified by geography and class of business, spanning insurance brokers, underwriting agencies and financial advisers in the UK, Europe, North America and other international markets. For further information, including details of the current portfolio and recent exits, please visit: www.bpmarsh.co.uk.
Forward-looking statements
This announcement may include statements, beliefs or opinions that are, or may be deemed to be, "forward-looking statements". These forward-looking statements may be identified by the use of forward-looking terminology, including the terms "believes", "estimates", "plans", "projects", "anticipates", "targets", "aims", "continues", "expects", "intends", "hopes", "may", "will", "would", "could" or "should" or, in each case, their negative or other variations or comparable terminology, or by discussions of strategy, plans, objectives, goals, future events or intentions. No representation or warranty is made that any of these statements or forecasts will come to pass or that any forecast results will be achieved. Forward-looking statements may and often do differ materially from actual results. Any forward-looking statements contained in the announcement speak only as of their respective dates, reflect B.P. Marsh's current view with respect to future events and are subject to risks relating to future events and other risks, uncertainties and assumptions relating to B.P. Marsh's business, results of operations, financial position, liquidity, prospects, growth and strategies.
Except as required by any applicable law or regulation, B.P. Marsh expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained in this announcement or any other forward-looking statements it may make whether as a result of new information, future developments or otherwise.
- Ends -
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
Latest directors dealings
- 1 day ago Savannah Energy
- 1 day ago Buccaneer Energy PLC
- 1 day ago Savannah Energy
- 1 day ago Carclo
- 1 day ago Schroder Japan Growth Fund