B.P. Marsh invests £1m in Lloyd's broker Lilley Plummer
PE firm takes a 30% stake in the specialist marine broker.
Private equity firm B.P. Marsh & Partners has invested £1m in specialist marine Lloyd’s broker, Lilley Plummer Risks.
The deal sees B.P. Marsh take a 30% equity stake in Lilley Plummer for a total cash consideration of £1m, in a mixture of redeemable and non-redeemable preference shares.
Newly launched Lilley Plummer is led by founders Stuart Lilley, who is CEO, and Dan Plummer, who is managing director.
Prior to founding the broker, Plummer held senior positions at CR Marine & Aviation
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