Price Forbes & Partners 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.
Price Forbes & Partners Limited - overview
Established
1893
Location
London, England, UK
Primary Industry
Insurance
About
Price Forbes & Partners Limited is a UK-based insurance brokerage firm specializing in bespoke risk management solutions across various sectors, including aviation, cyber, and property. Founded in 1893 in London, UK, Price Forbes & Partners Limited provides bespoke insurance brokerage services. The firm was involved in a significant merger in May 2017 with Autonet Insurance Services Ltd. , Chase Templeton Group, Direct Group, and Towergate Insurance Ltd.
, all under the ownership of HPS Investment Partners and Madison Dearborn Partners. The company has completed 2 deals to date, with its most recent deal occurring on May 9, 2017. The CEO team includes Andre Brooks, Andrew Draycott, Chris Rider, Oscar Rincon, Paul Kearns, and Tom Birbeck. Price Forbes specializes in providing a comprehensive suite of insurance brokerage services tailored to meet the evolving needs of clients across various industries.
Their core offerings encompass a wide range of sectors, including aviation, cyber, energy, fine art and jewellery, marine and cargo, property, real estate, and professional and financial lines. The firm aims to address complex risk management challenges, emphasizing bespoke solutions that combine specialist knowledge with operational excellence. In the most recent year, Price Forbes reported a revenue of GBP 325,372,774. 50 and an EBITDA of GBP 50,502,232.
90. Their revenue generation is based on a commission structure inherent to the insurance brokerage model, with fees determined by the premiums paid by clients for their insurance policies. Price Forbes aims to expand its market presence and enhance its service offerings. The company plans to introduce new tailored insurance products targeted at sectors that demand specialized coverage.
Additionally, they are looking at expanding their geographic reach into new markets, although specific regions have not been disclosed. The recent funding round of GBP 100. 000 mn will support these growth initiatives.
Current Investors
The Ardonagh Group Limited
Primary Industry
Insurance
Sub Industries
Insurance Intermediaries
Website
www.priceforbes.com
Company Stage
Merged
Total Amount Raised
Subscriber access only
Price Forbes & Partners Limited - timeline of key events
Price Forbes & Partners 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) | 39,112,000 | 42,039,000 | 43,732,000 | 52,178,000 | 53,066,000 | 59,823,000 | 64,715,000 | 71,614,000 | 81,762,000 | 88,413,000 | 102,217,000 | 107,002,000 | - | - | - |
| % Revenue Growth (YoY) | - | 7.5% | 4.0% | 19.3% | 1.7% | 12.7% | 8.2% | 10.7% | 14.2% | 8.1% | 15.6% | 4.7% | - | - | - |
| EBITDA (USD) | 3,310,000 | 3,912,000 | 4,822,000 | 8,404,000 | 6,374,000 | 4,183,000 | 5,999,000 | 4,384,000 | 11,900,000 | 16,092,000 | 22,929,000 | 25,012,000 | - | - | - |
| Operating Income (USD) | 2,754,000 | 3,175,000 | 4,315,000 | 7,927,000 | 5,987,000 | 4,001,000 | 5,584,000 | 3,860,000 | 10,881,000 | 13,396,000 | 19,113,000 | 22,422,000 | - | - | - |
| Operating Margin | 7.0% | 7.6% | 9.9% | 15.2% | 11.3% | 6.7% | 8.6% | 5.4% | 13.3% | 15.2% | 18.7% | 21.0% | - | - | - |
| % EBITDA Margin | 8.5% | 9.3% | 11.0% | 16.1% | 12.0% | 7.0% | 9.3% | 6.1% | 14.6% | 18.2% | 22.4% | 23.4% | - | - | - |
| NET Income (USD) | 1,750,000 | 2,080,000 | 3,067,000 | 5,696,000 | 4,231,000 | 2,769,000 | 3,852,000 | 2,585,000 | 5,117,000 | 7,544,000 | 13,695,000 | 19,953,000 | - | - | - |
| % Net Margin | 4.5% | 4.9% | 7.0% | 10.9% | 8.0% | 4.6% | 6.0% | 3.6% | 6.3% | 8.5% | 13.4% | 18.6% | - | - | - |
Price Forbes & Partners 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Secondary Buyout | Completed | The Ardonagh Group Limited | - | ||||||||
| Trade Sale | Completed | The Ardonagh Group Limited | - | ||||||||
| Merger | Completed | Autonet Insurance Services Ltd., Chase Templeton Limited, Price Forbes & Partners Limited, Towergate Underwriting Group Limited, Uris Group Limited | - | ||||||||
| Buyout | Completed | Price Forbes & Partners Limited | - |
Displaying 1 - 4 of 4
Price Forbes & Partners Limited - employee data
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.