Macfarlanes advises BMS Group on investment from Eurazeo

Macfarlanes has advised independent specialty insurance and reinsurance broker BMS Group on an agreement with Eurazeo for an additional investment which values the business at £1.75bn.

The investment will enable BMS Group to continue to grow its core trading divisions. The transaction is subject to regulatory approvals.

BMS Group’s management team will remain following completion. Existing shareholders British Columbia Investment Management Corporation, Preservation Capital Partners, management and staff will continue to be invested in the business.

The Macfarlanes team was led by corporate and M&A partners Stephen Drewitt and Adam Campbell, working with Senior M&A Associate Felicity Powell.

The team also included associates Jonathan Hock, Katya Lambert and Charlotte Cato.  Regulatory advice was provided by partner Michael Sholem and senior associate Louise Bralsford, with pensions advice provided by associate partner Camilla Barry and senior associate Stacey Yon.

Additional support was provided by lawyers from across the firm, including in respect of employment, commercial, competition, derivatives & trading, finance, tax and real estate aspects.

Stephen Drewitt comments: “Having advised on the sale of BMS Group to its existing shareholders in 2019, we are delighted to have advised BMS Group on this investment. This further investment, and the excellent management team, puts BMS Group in a strong position to further bolster its growth and ongoing global expansion.”