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BP Marsh & Partners PLC - London-based private equity firm, investing in early-stage financial services businesses - Buys 30% stake in SRT & Partners Ltd, a London-based start-up Lloyd’s and London Market broker, which aims to provide clients with specialist broking and underwriting services and to grow both organically and by acquisition. The investment by BP Marsh in the cumulative preferred ordinary shares of SRT is provided as a mixture of equity and loan, totalling £2.5 million. SRT has used the funds to make to two acquisitions. These are Read Hunt Ltd, a retail insurance broker, and First Business Finance Ltd, an asset finance broker. Current stock price: 640.00 pence, up 6.2% in London on Wednesday; sets new 52-week high of 648.00p 12-month change: up 75% Copyright 2024 Alliance News Ltd. All Rights Reserved.
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