RPC advises B.P. Marsh & Partners Plc on sale of Lilley Plummer Holdings Ltd.

International law firm RPC has advised B.P. Marsh & Partners Plc (B.P. Marsh) on the sale of its 28.4% shareholding in Lilley Plummer Holdings Limited (trading as Lilley Plummer Risks) to Clear London Markets Limited (Clear Insurance), a subsidiary of The Clear Group, majority-owned by Goldman Sachs.

The sale, announced today (October 29, 2024), will yield B.P. Marsh £21.65m in cash, net of transaction costs, following its initial investment in 2019. This transaction underscores the long-term B.P. Marsh investment strategy, which focuses on early-stage businesses with high-growth potential and strong management teams.

James Mee, RPC Partner and Head of Commercial Insurance and Private Equity, commented: “It has been fantastic to work alongside B.P. Marsh once again on this significant transaction. This is our third significant transaction together, and we always value working with the team at B.P. Marsh and supporting its strategy.”

Dan Topping, Chief Investment Officer at BP Marsh, added: "Thanks again to James and the RPC team for their advice on this transaction. We greatly value RPC’s knowledge and consistent support.”

The RPC team comprised Partners James Mee and Chris Brierley, Senior Associate Rupert Wyles and Associate, Rachel Stanley.

Client announcement: Sale of Lilley Plummer Holdings Limited