40.5%
Shareholding % prior to disposal
22.1%
Internal Rate of Return since 2013
£4.6m
Realised sale proceeds
”It has been a pleasure to work with Garry Watson, Martin Gray and the whole team at WMIL over the past eight years and to see the business grow and flourish. The acquisition by Humn offers an exciting future for them, and we wish everyone at WMIL every success.
Jon NewmanGroup's Finance Director and Nominee Director on the Board of WMIL
"The sale of our stake in WMIL at an IRR of 22% is another example of B.P. Marsh being able to identify niche opportunities to back successful management teams and to successfully realise value for our shareholders. This demonstrates the benefits of our investment process which has proven successful over a number of years.
- The Group sold its 40.5% shareholding in Walsingham Motor Insurance Limited (“WMIL”), a London-based Managing General Agency, which specialises in UK Courier and Taxi fleet motor insurance in December 2021.
- The Group initially invested £0.3m in WMIL in December 2013, with total equity investment to date of £0.6m.
