BMS signed an agreement for a significant investment by affiliates of British Columbia Investment Management and Preservation Capital Partners. The investment, which values BMS at £500m, is subject to regulatory approvals and is expected to close in the third quarter. The BMS management team, led by chief executive officer Nick Cook, will all remain in their current roles following completion, and management and staff of BMS will remain significant shareholders in the company. “The long-term investment by BCI and PCP secures our future as an independent broker and maintains significant employee ownership. We have grown consistently over the past 5 years generating revenues in excess of £100m for the first time in 2018. We look forward to partnering with BCI and PCP as we continue to invest in our business and attract market leading talent to the benefit of our clients. My thanks go to all of our colleagues who have been at the root of our success.” Nick Cook, BMS CEO.