Bowmark Capital acquires stake in iPrism

A hand extended holding a bag of pounds - illustration

Magenta Partners has sold its stake in iPrism Underwriting Agency to Bowmark Capital for an undisclosed sum.

Magenta acquired a minority stake in iPrism in November 2010.

Chase Emson, partner of Magenta, said the online trading facility was “a great example of a business that has shown consistently strong growth despite challenging economic conditions”, which he attributed to its “innovative approach and talented management team”.

He commented: “It recognised how an online capability could

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