International investment bank, Goldman Sachs, has invested in a 34.8% stake of Barrie & Hibbert Limited (B&H), the leading provider of asset modelling and associated consulting services to the European insurance, pensions and fund management industries.
The deal is part of an ongoing programme of initiatives for B&H and marks the next phase in its development.
B&H said the investment will allow the company to further strengthen its products, advisory and support capabilities through a number of initiatives including maintaining and extending its R&D programme.
Tim Bunting, Advisory Director at Goldman Sachs, said: “This is an exciting investment for Goldman Sachs. Barrie & Hibbert is unique in the services it provides. It has significant global aspirations and the resources we can put at their management's disposal will support these objectives.”
In addition, the firms have established a separate agreement whereby B&H's risk advisory team will assist Goldman Sachs in developing structured ALM solutions for insurance and pension clients.
The remainder of B&H's equity will be held by staff.
