BP Marsh & Partners backs CBC management buyout

The listed private equity firm BP Marsh and Partners has
acquired over a third of CBC UK, a retail and wholesale Lloyd's
broker, as part of a management-led buyout.
According to a statement from BP Marsh on 17 February, the
private equity house will take a 35 percent stake in CBC, with the
independent broker's management team led by CEO Robert
Cottingham taking a 50 percent stake.
An additional 15 percent of the shares have been acquired by
Andrew Wallas,...