B.P. Marsh Invests in Oneglobal to Support Strategic Growth

What's Happening?

B.P. Marsh & Partners Plc, a specialist private equity investor, has acquired a minority stake in Oneglobal, a London-based retail and wholesale insurance broker. This investment is structured through the subscription of cumulative convertible preferred shares valued at £10 million, with the potential for further investment. The shares will provide an 8% annual preferred dividend and minority shareholder rights, equating to a 10% stake upon conversion. This capital injection aims to support Oneglobal's strategic expansion, including the acquisition of a Bermudian specialty insurance broker and further growth into the Asian market. Oneglobal, formed in 2018 through a merger of J.C. Flowers-owned Lloyd’s brokers, operates across 15 offices globally and specializes in various insurance lines.

Why It's Important?

This investment by B.P. Marsh is significant as it provides Oneglobal with the necessary capital to expand its operations and enhance its market presence. The move is expected to bolster Oneglobal's capabilities in the specialty insurance sector, potentially increasing its competitiveness and market share. For B.P. Marsh, this investment aligns with its strategy of supporting growth-oriented companies with strong management teams. The partnership with J.C. Flowers & Co. and the experienced leadership at Oneglobal could lead to substantial growth opportunities, benefiting stakeholders and clients through enhanced service offerings and expanded geographical reach.

What's Next?

With the new investment, Oneglobal is poised to pursue its acquisition strategy, starting with a Bermudian specialty insurance broker. The company also plans to expand further into the Asian market, leveraging the support from B.P. Marsh and J.C. Flowers. The involvement of B.P. Marsh's Chief Investment Officer, Dan Topping, on the Oneglobal Board, indicates a hands-on approach to guiding the company's growth trajectory. Stakeholders will be watching closely to see how these strategic moves impact Oneglobal's market position and financial performance in the coming years.