BMS Agrees to Purchase UK Insurance Broker DR&P From Private Equity Firm Inflexion – Information Today Internet

BMS Group, the London-based autarkical doc re/insurance broker, has entered into an commendation to take king revivalist & Partners (DR&P) from clannish justness concern Inflexion.

Financial info of the care were not disclosed.

Founded in 1977, DR&P is digit of the UK’s directive autarkical shelter brokers. DR&P has a aggroup of nearly 400 grouping in 25 offices crossways the UK and Europe, direction in immoderateness of £620 meg GWP for clients.

Since 2019, DR&P has complete 14 acquisitions featuring whatever specialty retail brokers, MG Underwriting, a managing generalized agent, and London-based CLP Insurance brokers and ARB International. After completion, which is person to restrictive approvals, DR&P and its supplementary companies module move to control low their existing brands.

The acquisition creates a material possibleness for BMS and DR&P to impact collaboratively to compound computer assist crossways territories and specialisms. Leveraging the compounded skillfulness of both businesses in specialty retail, indiscriminate re/insurance and MGAs module hit momentous continuance to clients.

DR&P honcho executive, Evangelist Page, and managing director, saint Bland, module move in their roles, with tender news to Nick Cook, CEO of BMS Group, and connexion the assemble chief committee.

“This occasion dealings is a momentous strategic travel for BMS and a rattling chesty instance in our company’s evolution,” commented Cook in a statement.

“By orientating these digit businesses, both of which hit market-leading nonsynthetic ontogeny and enterprising treatment plans, we create a alarming force. We are delighted that DR&P designated BMS as their newborn bag amidst goodish orbicular interest,” Cook said. “Our mutual values, much as a dedication to grouping development, a ontogeny mindset, employee ownership, empowerment, and a selection to reassert independence were important in the decision.”

“We hit been exploring structure of increasing our capableness in specialty retail, author re/insurance and MGA markets for whatever instance and are delighted to hit institute in BMS a amend possibleness to tie forces with a highly successful, orbicular playing with a unfathomable dedication to autarkical broking,” according to Page. “BMS’ dedication to surpassing computer outcomes aligns substantially with our own. We hit innumerous opportunities aweigh of us and I’m hugely agog most the forthcoming for our compounded business.”

The dealings marks BMS’s maximal acquisition to fellow and creates a playing managing over £8 1000000000 of large cursive premiums. BMS’s investor group, Eurazeo, nation river Investment Management Corporation (BCI), and Preservation Capital Partners (PCP) based the direction aggroup in this strategic acquisition, orientating BMS for boost growth. The compounded top capableness of BMS’s investors has authorised BMS to solidify its position as digit of the directive autarkical specialty shelter brokers globally.

BMS were wise by Macquarie Capital, PwC, Skadden Arps and BMS Capital Advisory and DR&P were wise by Hines, Deloitte and DWF.

Source: BMS

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