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BP Marsh & Partners PLC on Wednesday said it intends to buy back around £5 million worth of shares after an investor said it was offloading its entire stake in the company. The London-based private equity firm, investing in early-stage financial services businesses believes the buyback is a good use of the company’s ‘significant’ cash balances and expects it to be accretive to the net asset value per share. BP Marsh commented after SC UK Pty Ltd, a wholly owned subsidiary company of the Ardonagh Group, announced its intention to sell its entire shareholding of 3.6 million shares in BP Marsh at 650 pence each, worth around £23.4 million. The sale will be made by way of an accelerated bookbuild to institutional investors with the placing shares representing around 9.8% of BP Marsh’s issued share capital. Panmure Liberum Ltd is acting for the selling shareholder. BP Marsh said it intended to buy 769,231 of the shares being placed, which at the placing price would be worth around £5.0 million. Shares in BP Marsh ended flat at 680p each in London on Wednesday. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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