London-based international insurance coverage dealer BMS Group could be offered, in keeping with Bloomberg sources.
It was reported that individuals acquainted with the at present “personal” matter have revealed the involvement of Evercore – an funding banking advisory agency that’s stated to have been introduced in to assist BMS homeowners British Columbia Funding Administration Company (BCI) and Preservation Capital Companions (PCP) consider their choices, together with a possible £600 million sale.
It was in 2019 when BMS secured long-term funding from BCI and PCP. On the time, the dealer was valued at round £500 million.
In the meantime, neither of the companies have confirmed the attainable divestment, however the folks cited by Bloomberg stated deliberations are underway.
Arrange in 1980, BMS supplies specialist insurance coverage, reinsurance, and capital markets advisory companies. Its operations span workplaces within the US, Canada, Latin America, Australia, Europe, and Asia.