REG - B.P. Marsh &Partners - Investee Company LEBC Holdings

B.P. Marsh & PartnersAnnouncement

03/05/2022 16:15

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RNS Number : 1662K  B.P. Marsh & Partners PLC  03 May 2022

3 May 2022

 

B.P. Marsh & Partners Plc

("B.P. Marsh", "the Company" or "the Group")

 
Investee Company Update - LEBC Holdings Limited

 

B.P. Marsh and Partners Plc (AIM:BPM), the specialist Private Equity Investor
in early stage financial services businesses, is pleased to update the market,
further to the Company's announcement made on 10 January 2022 regarding LEBC
Holdings Limited ("LEBC").

 

On 29 April 2022 Tavistock Investments Plc ("Tavistock") received approval
from the Financial Conduct Authority, to become a "controller" (as per the
Financial Conduct Authority's rules) of LEBC Group Limited, of which LEBC is
the Parent Company. The acquisition by Tavistock of 21% of the issued share
capital of LEBC from Marie McVitie has now completed.

 

B.P. Marsh looks forward to developing its partnership with Tavistock in LEBC.

 

 

 For further information:

 B.P. Marsh & Partners Plc                                    www.bpmarsh.co.uk (http://www.bpmarsh.co.uk)

 Brian Marsh OBE                                              +44 (0)20 7233 3112
 Panmure Gordon (UK) Limited                                  +44 (0)20 7886 2500

 Atholl Tweedie / Charles Leigh Pemberton / Ailsa MacMaster
 Tavistock Communications Limited                             bpmarsh@tavistock.co.uk (mailto:bpmarsh@tavistock.co.uk)

 Simon Hudson / Tim Pearson                                   +44 (0)20 7920 3150

 

 Notes to Editors:

 

B.P. Marsh's current portfolio contains fifteen companies. More detailed
descriptions of the portfolio can be found at www.bpmarsh.co.uk
(http://www.bpmarsh.co.uk/) .

 

Since formation over 30 years ago, the Company has assembled a management team
with considerable experience both in the financial services sector and in
managing private equity investments. Many of the directors have worked with
each other in previous roles, and all have worked with each other for
approaching ten years.

 

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