- BMS is an independent (re)insurance broker
- Eurazeo will acquire up to 34% of BMS’ share capital
- BMS existing shareholders include British Columbia Investment Management Corporation and Preservation Capital Partners
Eurazeo, through its mid-large buyout team invests up to £355 million in BMS Group, acquiring up to 34% of its share capital. Eurazeo and its affiliates join BMS alongside its existing shareholders, British Columbia Investment Management Corporation (BCI), Preservation Capital Partners (PCP) and BMS’ management and employees.
Headquartered in London, BMS is an an independent (re)insurance broker that operates across 14 countries with 28 offices around the world. In the period 2019 to 2022, BMS’ revenues have increased from approximately £100m to more than £250m and staff numbers have risen by nearly 75 percent to approximately 900 people globally, according to Eurazeo.
The investment from Eurazeo and other shareholders will be used to expand BMS’ expand foothold internationally, via organic growth and through an active M&A strategy.
“Our ‘investment flywheel’ operates across the entire Eurazeo group, accelerating and enhancing our sourcing, due diligence and value creation activities in our core sectors, notably financial services,” said Marc Frappier, member of the executive board, managing partner of mid-large buyout. “We offer a rare combination of deep sector expertise, global presence and collaborative culture to support successful businesses, like BMS, and their management team achieve their global growth ambitions”.
Paris-based Eurazeo is a global investment company, with a portfolio of €32.4 billion in assets under management.
Existing shareholders British Columbia Investment Management Corporation and Preservation Capital Partners are headquartered in Victoria, Canada and in London, UK, respectively.