B.P. Marsh & Partners Plc (AIM: BPM), the specialist investor in early-stage financial services businesses, is pleased to present an update on its investment, ATC Insurance Solutions PTY Limited ( ATC ), an independent underwriting agency and coverholder at Lloyd s, headquartered in Melbourne, Australia. From the time of our investment, through to 31 July 2020, our valuation of our holding in ATC has risen significantly, increasing from AU$5.1m to AU$13.6m, an uplift of AU$8.5m (c. 4.7m). B.P. Marsh invested in ATC in July 2018 with the Company taking a 20% equity stake in ATC for a total cash consideration of AU$5.1m (c. £2.8m).
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Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient: 1. Obtains access to the information in a personal capacity; 2. Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services; 3. Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body; 4. Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;