B.p Marsh Regulatory News (BPM)

9 April 2024

B.P. Marsh & Partners Plc

("B.P. Marsh", "the Company" or "the Group")

Investment Update - Pantheon Specialty Limited

B.P. Marsh and Partners Plc (AIM:BPM), the specialist private equity investor in early stage financial services businesses, is pleased to announce an update on Pantheon Specialty Limited ("Pantheon").

Background to the Investment

B.P. Marsh invested in Pantheon in June 2023, alongside its Founder and CEO Robert Dowman, subscribing for a 25% shareholding.

Robert has over 30+ years of experience in the insurance industry and is seen as a leading London Market Casualty broker, specialising in the larger more complex liability placements across the world, whether that be on a facultative or programme basis.

Since investment, B.P. Marsh has provided Pantheon with a loan facility of £4.5m. The provision of this loan, alongside Pantheon's strong performance to date, has allowed the business to make a number of key hires, in line with Pantheon's strategy to build a market leading independent specialist broker across multiple markets. Pantheon are on course to deliver £5m of EBITDA in their first full year of trading.

Appointment of Howard Green

Pantheon will be appointing Howard Green, the former Chairman of Besso Insurance Group Limited ("Besso"), to the Board, subject to regulatory approval. Howard will also assume the role of Group Chairman.

Howard was one of Besso's founding members and architects and has considerable experience in building and leading international broking businesses.

Howard was also the Chairman of Besso's Property division. Howard brings to Pantheon his wide breadth of client and market relationships, which will make him extremely well placed to assist Pantheon on its growth trajectory.

Robert Dowman, the Founder and CEO of Pantheon commented:-

"I am delighted that Howard is joining the Board of Pantheon and becoming our Group Chairman.

Howard's experience and knowledge will be a great asset to Pantheon in achieving our long term-growth aspirations. I look forward to working with him once again."

For further information:

Notes to Editors:

B.P. Marsh's current portfolio contains fifteen companies. More detailed descriptions of the portfolio can be found at www.bpmarsh.co.uk.

Since formation over 30 years ago, 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 over ten years.

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