HPS and BP Marsh fund Nexus acquisitions

Global investment firm HPS Investment Partners and venture capital
provider BP Marsh & Partners have provided the financing for a
trio of acquisitions for expansive MGA Nexus Underwriting.
BP Marsh announced today that it had provided a £4mn
($5.2mn) loan facility to the Colin Thompson-led MGA, while HPS has
provided a £26mn loan facility.
BP Marsh holds an 18.6 percent shareholding in Nexus.
Prior to this transaction, Nexus had no debt on its balance
sheet and an Ebitda of aroun