REG - B.P. Marsh &Partners - New Investment: Oneglobal Broking Holdings Limited

B.P. Marsh & PartnersAnnouncement

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RNS Number : 6573A  B.P. Marsh & Partners PLC  30 September 2025

30 September 2025

 

B.P. Marsh & Partners Plc

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

 

New Investment - Oneglobal Broking Holdings Limited ("Oneglobal")

 

B.P. Marsh & Partners Plc (AIM: BPM), the specialist private equity
investor in early-stage financial services businesses, is pleased to announce
that it has subscribed for a shareholding in Oneglobal, the J.C. Flowers &
Co majority owned London based international retail and wholesale insurance
broker.

The investment will be structured through the subscription of cumulative
convertible preferred shares in Oneglobal for cash consideration of £10m,
with potential for further investment to support growth subject to
satisfactory terms and for appropriate opportunities, in line with the Group's
long term investment approach. The shares will confer an entitlement to an 8%
per annum preferred dividend, together with minority shareholder rights that
are set in line with the structure and return profile of the wider share
capital. Upon conversion, this will equate to a 10% stake in the fully diluted
share capital of Oneglobal.

This investment will provide Oneglobal with strategic growth capital to
support its expansion, initially through the acquisition of a Bermudian
specialty insurance broker and further expansion into the Asian market.

Founded through the merger of two existing J.C. Flowers owned Lloyd's brokers
in 2018, Oneglobal now operates across 15 offices worldwide, including
locations in Europe, Asia, the Americas, and the Middle East. It specialises
in a broad range of insurance lines, including marine, property, aviation,
financial lines, energy, and casualty, with forecast brokerage revenue for
2025 of approximately £50m.

Oneglobal's seasoned leadership team includes Group Chairman, Jonathan
Palmer-Brown, who has held senior positions within JLT and Aon Global
Specialty; Group CEO Roger Spicer, previously CEO of SSL, the specialist
Lloyd's broker and a founding member of Oneglobal; and Group CFO Hugh
Crossland, previously Head of M&A at JLT.

Brian Marsh, Chairman of B.P. Marsh, commented:

"We saw this chance to partner with Oneglobal and J.C. Flowers as a unique
opportunity to help them take their business to the next stage of its growth.
While this is somewhat of an outlier for B.P. Marsh in terms of initial
investment quantum, it very much fits our people first approach to investing.
Additionally, this exemplifies B.P. Marsh's ability to provide bespoke
investment structures that provide compelling shareholder returns. We look
forward to working with Oneglobal and J. C. Flowers in taking this business
forward."

Dan Topping, Chief Investment Officer of B.P. Marsh, who will be joining the
Oneglobal Board as part of this transaction, commented:

"This investment represents an exceptional opportunity to partner with a
global specialist insurance intermediary, led by an extremely talented and
experienced management team. Oneglobal's growth trajectory and ambition,
combined with the support of J.C. Flowers, makes it an ideal fit for our
portfolio. We are pleased to support their continued expansion and strategic
goals."

Jonathan Palmer-Brown, Group Chairman of Oneglobal, commented:

"We are very pleased to welcome B.P. Marsh to Oneglobal alongside JCF.  B.P.
Marsh's funding and expertise in the sector will help support us in executing
our acquisition pipeline, allowing us to continue to deliver sustainable
growth and strengthen our specialty offering to the benefit of our clients.
We look forward to working with Dan and the B.P. Marsh team."

Jonathan Cox, Managing Director, J. C. Flowers & Co, commented:

"We are delighted that B.P. Marsh has decided to invest alongside J.C. Flowers
to drive the next phase of Oneglobal's growth.  It has been a privilege
supporting management in recent years in establishing Oneglobal as a leading
specialty broker and we look forward to a successful partnership with B.P.
Marsh as the business continues to grow both at Lloyd's and internationally."

 For further information on B.P. Marsh, its strategy and current portfolio,
 please visit www.bpmarsh.co.uk (http://www.bpmarsh.co.uk/)  or contact:

 B.P. Marsh & Partners Plc                            +44 (0)20 7233 3112

 Brian Marsh OBE / Alice Foulk

 Nominated Adviser & Joint Corporate Broker:          +44 (0)20 7886 2500

 Panmure Liberum Limited

 Atholl Tweedie / Amrit Mahbubani / Ailsa MacMaster

 Joint Corporate Broker:                              +44 (0)20 7496 3000

 Singer Capital Markets Advisory LLP

 Charles Leigh Pemberton / James Moat / Asha Chotai

 Financial PR & Investor Relations:                   bpmarsh@tavistock.co.uk (mailto:bpmarsh@tavistock.co.uk)

 Tavistock                                            +44 (0)20 7920 3150

 Simon Hudson / Katie Hopkins / Kuba Stawiski

 

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