REG - B.P. Marsh &Partners - Sale of Interest in Amiga to Sodalis

B.P. Marsh & PartnersAnnouncement

Tue 17:00

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RNS Number : 9799W  B.P. Marsh & Partners PLC  17 March 2026

17 March 2026

 

B.P. Marsh & Partners Plc

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

 

Sale of Interest in Amiga Speciality Holdings Limited ("Amiga")

 

B.P. Marsh and Partners Plc (AIM:BPM), the specialist private equity investor
in early-stage financial services businesses, is pleased to announce that
Amiga, the international specialty underwriting agency, has been acquired
by Sodalis Capital Limited ("Sodalis"), a B.P. Marsh portfolio company. Upon
completion, the Group will retain a 25.55% shareholding in Sodalis.

 

The Transaction

 

Under the terms of the transaction, Sodalis has acquired 100% of the issued
share capital of Amiga, for an initial consideration of £1.8m.

 

At completion, B.P. Marsh will receive the following:

·    £706,250 in cash for its 39.24% shareholding, having invested a
nominal amount; and

·    Repayment in full of its outstanding loan facility to Amiga of
£1.825m.

 

In addition, the sellers (including B.P. Marsh) may receive deferred
consideration, contingent upon Amiga's performance over the financial years
ending December 2027 and 2028. B.P. Marsh's share of any deferred
consideration will be pro rata to its existing shareholding in Amiga.

 

Dan Topping has resigned from his role as nominee director on
the board of Amiga but remains on the board of Sodalis.

 

Rationale for the Transaction

 

By combining Amiga's underwriting expertise and carrier relationships with
Sodalis' acquisition-led growth model and capital base, the enlarged group is
well positioned to accelerate organic growth, pursue further M&A and
deepen its presence in key markets.

 

The transaction also allows senior members of Amiga's management team to
roll equity into Sodalis, aligning incentives and allowing continued
participation in the combined group's growth.

 

This transaction demonstrates B.P. Marsh's unique and flexible approach to
investing in the financial services sector, in terms of both size and
structure.

 

Sodalis was founded by Colin Thompson in November 2025 to pursue a
buy-and-build strategy within the international insurance intermediary sector,
targeting specialist underwriting and wholesale broking platforms across
the UK, Europe and the Middle and Far East.

 

B.P. Marsh invested £5.3m in Sodalis for Cumulative Preferred Shares,
receiving an initial 26.67% equity interest in Sodalis alongside Colin
Thompson and Alliant Insurance Services, Inc, in November 2025.

 

Post-transaction, the Group now holds a 25.55% equity interest in Sodalis,
providing indirect exposure to Amiga and preserving future upside potential.

 

Colin Thompson, Founder and CEO of Sodalis, stated:

 

"The acquisition of Amiga represents a significant step in building a
high-quality, international specialty insurance platform. Amiga brings strong
underwriting expertise and relationships which will complement Sodalis's
broader growth strategy."

 

Dan Topping, CEO at B.P. Marsh, commented:

 

"This transaction reflects our ability to create strategic opportunities
across our portfolio. We are pleased to support this consolidation and
continue our relationship with the Amiga team through our investment in
Sodalis."

 

 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

 Daniel Topping / Alice Foulk

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

 Singer Capital Markets Advisory LLP

 Charles Leigh-Pemberton / Peter Steel / James Todd

 Joint Corporate Broker:                                    +44 (0)20 7597 5970

 Investec Bank plc

 Christopher Baird / David Anderson / Maria Gomez de Olea

 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

About B.P. Marsh

 

B.P. Marsh & Partners Plc (AIM: BPM) is a specialist investor in early
stage and small to medium-sized financial services intermediary businesses,
with a particular focus on the insurance sector. Bridging the gap to
traditional private equity funding rounds, B.P. Marsh takes a typical initial
equity stake of up to £5m, often complemented by loans, and is able to tailor
its investment model to each opportunity. Taking a long-term view of its
investments, with an average holding period of around seven years, the Group
supplies strategic insight and capital while empowering entrepreneurial
management teams to grow their businesses.

 

The B.P. Marsh portfolio is diversified by geography and class of business,
spanning insurance brokers, underwriting agencies and financial advisers in
the UK, Europe, North America and other international markets. For further
information, including details of the current portfolio and recent exits,
please visit: www.bpmarsh.co.uk
(https://eur01.safelinks.protection.outlook.com/?url=http%3A%2F%2Fwww.bpmarsh.co.uk%2F&data=05%7C02%7Clashkari%40bpmarsh.co.uk%7C8d10a1ee5599402ebddd08de7a9a9493%7Cd58f5870d442482980eb264f897e39b8%7C0%7C0%7C639083001845603409%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=6%2FmxiEnPvMh7pOasZ1W1Cfa1689RFpry0%2B6BrmxEi1c%3D&reserved=0)
.

 

Forward-looking statements

This announcement may include statements, beliefs or opinions that are, or may
be deemed to be, "forward-looking statements". These forward-looking
statements may be identified by the use of forward-looking terminology,
including the terms "believes", "estimates", "plans", "projects",
"anticipates", "targets", "aims", "continues", "expects", "intends", "hopes",
"may", "will", "would", "could" or "should" or, in each case, their negative
or other variations or comparable terminology, or by discussions of strategy,
plans, objectives, goals, future events or intentions. No representation or
warranty is made that any of these statements or forecasts will come to pass
or that any forecast results will be achieved. Forward-looking statements may
and often do differ materially from actual results. Any forward-looking
statements contained in the announcement speak only as of their respective
dates, reflect B.P. Marsh's current view with respect to future events and are
subject to risks relating to future events and other risks, uncertainties and
assumptions relating to B.P. Marsh's business, results of operations,
financial position, liquidity, prospects, growth and strategies.

 

Except as required by any applicable law or regulation, B.P. Marsh expressly
disclaims any obligation or undertaking to release publicly any updates or
revisions to any forward-looking statements contained in this announcement or
any other forward-looking statements it may make whether as a result of new
information, future developments or otherwise.

 

- Ends -

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