BMS Group Limited
Have updates for this profile? Please contribute data
= Subscriber Access Only
You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.
With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.
BMS Group Limited - overview
Established
1980
Location
London, England, UK
Primary Industry
Insurance
About
BMS Group Limited, based in the UK, is an independent specialty insurance and reinsurance broker, providing tailored solutions across diverse sectors to meet the specific needs of its clients. Founded in 1980 and headquartered in London, UK, BMS Group Limited specializes in insurance and reinsurance brokerage services. The company has engaged in two notable deals as of December 2022, with the latest being a Secondary Buyout that raised GBP 355 million. The firm was co-founded by Bola Osinowo and Munish Sharma, with Andrew Godden currently serving as the CEO.
Notably, Eurazeo acquired a 34% minority stake from British Columbia Investment Management Corporation and Preservation Capital Partners. BMS Group offers a comprehensive range of insurance and reinsurance solutions designed to meet the diverse needs of its clients across various sectors. Their primary offerings include tailored insurance programs for associations, complex reinsurance placements, and specialized coverage for high-risk industries such as energy, construction, and aviation. The company operates through well-defined teams focusing on areas like casualty, marine, and financial lines, ensuring that clients receive expert guidance and innovative solutions.
BMS serves a broad customer base that includes professional and industry associations, corporations, and small businesses, primarily in North America but also extending to global markets such as Europe, Latin America, and Asia. Their commitment to customizing solutions allows them to address the specific challenges faced by their clients, making them a valuable partner in risk management. BMS Group generated revenue of GBP 109,312,102. 30 in the most recent fiscal year, 2021, with an EBITDA of GBP 18,869,825.
90. The firm generates revenue through a combination of service fees and commissions tied to its insurance and reinsurance placements, often involving structured arrangements with clients, including partnerships with professional associations. This model creates a steady revenue stream through member-focused insurance programs and bespoke packages tailored to the unique needs of each client. In December 2022, BMS Group received GBP 355 million from a Secondary Buyout, which will enable the firm to expand its foothold internationally both organically and through an active M&A strategy.
The company plans to introduce new products aimed at enhancing its service offerings, while also targeting expansion into new geographic markets including Asia and Latin America by 2024.
Current Investors
British Columbia Investment Management Corporation, Preservation Capital Partners
Primary Industry
Insurance
Sub Industries
Consulting Services, Reinsurance, Commercial Insurance, Insurance Intermediaries
Website
www.bmsgroup.com
Company Stage
Mature - Growth Capital
Total Amount Raised
Subscriber access only
BMS Group Limited - timeline of key events
BMS Group Limited - financials
| Fiscal Year Ended | Dec 31, 2010 | Dec 31, 2011 | Dec 31, 2012 | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 41,720,000 | 44,513,000 | 44,321,000 | 43,054,000 | 43,023,000 | 45,714,000 | 47,648,000 | 53,796,000 | 67,468,000 | 73,997,000 | 76,753,000 | 79,462,000 | - | - | - |
| % Revenue Growth (YoY) | - | 6.7% | (0.4%) | (2.9%) | (0.1%) | 6.3% | 4.2% | 12.9% | 25.4% | 9.7% | 3.7% | 3.5% | - | - | - |
| EBITDA (USD) | 8,951,000 | 9,643,000 | 7,918,000 | 8,580,000 | 5,683,000 | 10,229,000 | 8,535,000 | 10,798,000 | 18,324,000 | 15,672,000 | 20,406,000 | 13,717,000 | - | - | - |
| Operating Income (USD) | 7,568,000 | 8,237,000 | 7,477,000 | 7,432,000 | 4,147,000 | 8,529,000 | 6,654,000 | 9,626,000 | 17,255,000 | 14,657,000 | 18,895,000 | 11,227,000 | - | - | - |
| Operating Margin | 18.1% | 18.5% | 16.9% | 17.3% | 9.6% | 18.7% | 14.0% | 17.9% | 25.6% | 19.8% | 24.6% | 14.1% | - | - | - |
| % EBITDA Margin | 21.5% | 21.7% | 17.9% | 19.9% | 13.2% | 22.4% | 17.9% | 20.1% | 27.2% | 21.2% | 26.6% | 17.3% | - | - | - |
| NET Income (USD) | 4,968,000 | 5,683,000 | 5,382,000 | 5,494,000 | 3,075,000 | 5,199,000 | 7,562,000 | 10,246,000 | 13,764,000 | 13,451,000 | 31,568,000 | 8,657,000 | - | - | - |
| % Net Margin | 11.9% | 12.8% | 12.1% | 12.8% | 7.1% | 11.4% | 15.9% | 19.0% | 20.4% | 18.2% | 41.1% | 10.9% | - | - | - |
BMS Group Limited - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | CORPORATE AND COMMERCIAL INSURANCE BROKERS PTY LTD | - | ||||||||
| Add-on | Completed | Oria Sigorta ve Reasürans Brokerligi A.S. | - | ||||||||
| Add-on | Completed | Rasher Asesoramiento S.L. | - | ||||||||
| Add-on, Trade Sale | Completed | David Roberts & Partners (Insurance Brokers) Ltd | - | ||||||||
| Add-on, Trade Sale | Completed | Havator Group Oy | - |
Displaying 1 - 5 of 17
BMS Group Limited - employee data
BMS Group Limited - key contacts
| Name | Position | Start Date | End Date | Vcard | Bio | ||
|---|---|---|---|---|---|---|---|
| Chairman of the Board | BM |
BM Board Member
Want to see more?
Request a demo for full access to this profile
Time to go Pro
Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.