HGGC-backed Specialist Risk Group to acquire CBC from B.P. Marsh & Partners for £65m.

HGGC-backed Specialist Risk Group, an insurance broker in London, agreed to acquire CBC, an insurance brokerage, from B.P. Marsh & Partners, the specialist private equity investor in early stage financial services businesses, for £65m. "When Rob Cottingham called me in 2016 to explain the opportunity for a Management Buyout of independent Lloyd's Broker CBC, I contacted B.P. Marsh, who agreed to partner with us very readily. This year is the 50th anniversary of me commencing my career within the Lloyd's market as a junior administrator with Nelson Hurst under the tutelage of Brian Marsh. B.P. Marsh has provided follow on funding and supported us to expand the business by attracting highly experienced, talented and dedicated practitioners," Andrew Wallas, CBC Chairman.