Investment Summary

British Columbia Investment Management, Preservation Capital Partners and Eurazeo PME Invest In BMS Group

On June 5, 2019, asset manager British Columbia Investment Management, private equity firm Preservation Capital Partners and private equity firm Eurazeo PME invested in insurance company BMS Group

Investment Highlights
  • This is British Columbia Investment Management’s 1st, Preservation Capital Partners’ 1st and Eurazeo PME’s 2nd transaction in the Insurance sector.
  • This is British Columbia Investment Management’s 2nd, Preservation Capital Partners’ 1st and Eurazeo PME’s 2nd transaction in the United Kingdom.

Investment Summary

Date 2019-06-05
Target BMS Group
Sector Insurance
Investor(s) British Columbia Investment Management
Preservation Capital Partners
Eurazeo PME
Deal Type Growth Capital

Target

BMS Group

London, United Kingdom
BMS Group is an independent and employee-owned, specialist (re)insurance broking group which provides clients with local service and global solutions. BMS Group was founded in 1980 and is based in London, United Kingdom.

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Investor(S) 3

Investor
DESCRIPTION

British Columbia Investment Management Corp. (BCI) is large asset manager focused on providing investment management services to British Columbia’s public sector. The Firm looks to invest in a range of asset categories and will consider opportunities globally. BCI's private equity practice was established in 1995 and seeks leverage buyout and growth equity opportunities that include market leading companies with tangible downside protection. Portfolio companies have a sustainable competitive advantage, offer value-added products and services, and are led by talented management teams. British Columbia Investment Management Corp. is headquartered in Victoria, British Columbia.


DEAL STATS #
Overall 9 of 19
Sector (Insurance) 1 of 1
Type (Growth Capital) 2 of 4
Country (United Kingdom) 2 of 5
Year (2019) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-24 Authority Brands

Columbia, Maryland, United States

Authority Brands is a parent company of two home service franchisors, The Cleaning Authority and Homewatch CareGivers. Together, these brands provide recurring home services through more than 300 franchise locations in the U.S., Canada, and Latin America. Authority Brands was formed in 2017 and is based in Columbia, Maryland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-08 Valence Surface Technologies

El Segundo, California, United States

Valence Surface Technologies. is a provider of aerospace surface finishing services, which has historically been a highly fragmented, geographically focused, and technically challenging part of the supply chain. The company was built to offer a differentiated, full-service, supply chain solution for critical, complex parts to the aerospace industry, delivering the lead times, capacity, and technical resources needed to match growing aircraft build rate demand. Valence Surface Technologies was founded in 1957 and is based in El Segundo, California.

Buy -
Investor
DESCRIPTION

Preservation Capital Partners is a private equity firm focused on growth investments in financial technology and services companies across Europe. The Firm partners with management teams in expanding companies with defensible market positions and high barriers to entry. Preservation considers both minority and majority positions, with a typical equity investment of £50 to £150 million. Preservation Capital Partners was founded in 2017 and is headquartered in London, England.


DEAL STATS #
Overall 1 of 6
Sector (Insurance) 1 of 3
Type (Growth Capital) 1 of 4
Country (United Kingdom) 1 of 4
Year (2019) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-01 Optio

London, United Kingdom

Optio is a vertically integrated and scaled insurance managing general agent with a focus on high growth emerging and specialty lines of business. Optio was founded in 2019 and is based in London, United Kingdom.

Buy -
Investor
DESCRIPTION

Eurazeo PME, formerly known as OFI Private Equity Capital. Eurazeo PME invests equity and mezzanine capital in secondary buyout transactions of unlisted French companies. The Firm looks for opportunities valued between €50 and €250 million. Areas of interest include chemicals, financial services, consumer services, retail, manufacturing, distribution, and life science. Eurazeo PME was formed in 1997 and is based in Paris.


DEAL STATS #
Overall 51 of 82
Sector (Insurance) 2 of 3
Type (Growth Capital) 5 of 19
Country (United Kingdom) 2 of 3
Year (2019) 3 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-29 LPCR Group

Clichy, France

LPCR Group is a fast-growing childcare provider operating a network of more than 110 nurseries. The company either operates its own nurseries, for corporations ready to sponsor cradles for their employees (private nurseries), or manages nurseries on behalf of local authorities (outsourced nurseries). LPCR Group was founded in 2000 and is based in Clichy, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-19 Meero

Paris, France

Meero solves a major problem in the world of photography: photo editing. Its cutting-edge publishing, content enrichment and automated editing technology reduces post-production time to just a few seconds. Meero was founded in 2016 and is based in Paris, France.

Buy -