B.P. Marsh sees growth in Net Asset Value as performance outlook ‘remains positive”
Specialist venture capital investor B.P. Marsh & Partners Plc has revealed in an update on trading that it increased its Net Asset Value from £190m to £204m in the six months ended 31 July 2023.
B.P. Marsh additionally reported that three disposals of investments were agreed during the year for an aggregate upfront cash consideration of £93.3m.
Meanwhile, three new investments were also made during the year: Ai Marine Risk Limited, Pantheon Specialty Limited and Verve Risk Services Limited.
Other highlights from the update include the firm disclosing that funds stood at £40.5m as of 31 January 2024 compared to £12.1m on 31 January 2023, and that it has agreed on the distribution of £6m in dividends over the next three years, which is a considerable increase on previous dividend policies.
B.P. Marsh noted that it currently has a robust pipeline of potential new investments, and is debt-free, adding that it “remains positive regarding its ongoing performance” and will be releasing its annual results for the year to 31 January 2024 on 11 June 2024.
Commenting on its insurance market outlook, B.P. Marsh observed, “The ongoing consolidation trends in the insurance market show no indication of abating in 2024. Such activity remains a catalyst for substantial prospects for the Group, both in terms of new investments and activity within our core portfolio.
“Both the Group and its portfolio companies continue to be approached by entrepreneurial individuals and teams who do not wish to be part of this consolidation process.”
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