B.P. Marsh the investor in early stage financial services businesses has invested an additional £12.5m Pantheon Specialty Limited. The transaction for a further 5% of the business means B.P. Marsh now owns c.37% in quity of the business.

B.P. Marsh first invested in Pantheon in June 2023, when it subscribed for a 25% stake in a new holding company established in partnership with Robert Dowman. Following launch, Robert Dowman was joined by Michael Lee, as Managing Director.

Following initial investment, B.P. Marsh acquired a further 7% from Management in May 2024, increasing our shareholding to 32%.

Since BPM’s investment, Pantheon has delivered strong performance, and in its current financial year to 31 December 2024, Pantheon is forecast to produce an adjusted EBITDA in excess of £16m. Both the Pantheon team and B.P. Marsh remain confident that this positive momentum will continue into 2025 and beyond.

Dan Topping, B.P. Marsh’s Chief Investment Officer and nominee Director on the Board of Pantheon stated:-

“B.P. Marsh has a long-standing relationship with both Robert Dowman and Michael Lee, each of whom has a strong, proven track record in growing businesses. Pantheon’s exceptional performance since its formation just 16 months ago is a clear example of this, as the company has rapidly become a leading independent broker in the London market.

In line with B.P. Marsh’s mantra, we believe that the acquisition of an additional 5% stake in Pantheon offers a well-earned liquidity event for Pantheon’s management team, while also giving B.P. Marsh the opportunity to increase its investment in a rapidly growing company.

We are excited to continue our work with Pantheon’s management in the coming year, supporting the company’s ongoing growth, which should, in turn, generate significant returns for our shareholders.”

In the short interview below, the team outline how the firm has consistently outpeformed the market