Bowmark Capital acquires stake in iPrism
Private equity firm bought stake from Magenta Partners.
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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