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City of London

BMS Owners Weighs £600 Million Sale of Insurance Broker

  • BCI, Preservation Capital working with Evercore on sale
  • Insurance brokers are attractive targets for buyout firms
Updated on

British Columbia Investment Management Corp. and Preservation Capital Partners are considering a sale of BMS Group that could value the insurance broker at more than £600 million ($720 million), people familiar with the matter said. 

The investment firms are working with Evercore Inc. to evaluate strategic options for the business, the people said, asking not to be identified because the matter is private.