40.0%
Shareholding % as at 31 January 2021
29.0%
Internal Rate of Return since 2013
£3.5m
Realised sale proceeds
”B.P. Marsh has worked closely with MB over the last 8 years to assist in the growth of their business.
Daniel ToppingGroup's Chief Investment Officer
This transaction demonstrates B.P. Marsh's unique flexible approach to investing in the financial services sector, in terms of both size and structure. Our investment in MB has delivered an Internal Rate of Return of 29% since 2013, increasing the equity value of our investment from circa £400,000 to circa £3.57m. We have also been able to increase our shareholding in ATC to 25% and we are pleased to be part of the future of the enlarged company.
We wish those departing MB as part of this transaction the very best and look forward to continuing to work with Daniel McNamara, and the team at ATC
- In December 2013, B.P. Marsh partnered with MB Prestige Holdings PTY Limited’s (“MB”), Management team to finance the management buy-out of another institutional shareholder, the Australian Private Equity Firm, Ironbridge.
- The Group invested AU$0.8m (c. £0.4m), for a 40% equity position.
- In August 2021, the Group agreed to sell its 40% equity stake in MB for AU$6.8m (c. £3.57m), for which the Group will receive newly issued shares in ATC.
