06 June 2019
Macfarlanes advises BMS Group on long-term investment by BCI and PCP
Macfarlanes has advised BMS Group, the UK headquartered broking arm of Minova Insurance on a significant investment by affiliates of British Columbia Investment Management Corporation (BCI) and Preservation Capital Partners (PCP).
The investment values BMS at £500m and is expected to close in Q3 of 2019 subject to regulatory approvals.
The BMS management team will remain in their current roles following completion, and the management and staff of BMS will remain significant shareholders in the company.
The Macfarlanes team was led by corporate and M&A partners Adam Campbell and Stephen Drewitt.
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