’It is time to revert to our origins by partnering with external minority shareholders, while retaining majority employee-ownership and our specialisation,’ says founder
Berry Palmer and Lyle (BPL) has secured investment from private equity (PE) firm Preservation Capital Partners (PCP).
BPL is a credit and political risk insurance (CPRI) broker that has offices in London, Paris, Singapore, Hong Kong, Dubai and New York.
The broker said that PCP’s minority investment secures its “future as an independent, employee-owned firm operating at the forefront of the CPRI market”.
Charles Berry, founder of BPL, added: “BPL only became fully employee-owned around a decade after it was founded, when the PRI market was still embryonic.
“Now the CPRI market has matured, with a clear direction and growth trajectory, it is time to revert to our origins by partnering with external minority shareholders, while retaining majority employee-ownership and our specialisation.
“But PCP doesn’t just offer us financial firepower – it also lends us the skillsets of an exceptionally dynamic group of banking and strategic operational experts.”
People move
The transaction is expected to close in Q4 2025 and is subject to customary regulatory approvals and other closing conditions.
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As part of the deal, Jatender Aujla, managing partner at PCP, will join the BPL board, with the broader leadership remaining unchanged.
Aujla said: “We are delighted to partner with a leading specialist broker led by an outstanding management team.
“We have been following BPL’s market leading performance over a number of years and have been impressed by its outstanding growth and unparalleled reputation. BPL has consistently demonstrated market leadership and an unwavering commitment to delivering value to its clients.
“Our investment underscores PCP’s strategy of partnering with best-in-class businesses led by exceptional management teams and we look forward to supporting BPL’s next phase of growth.”
His career began in 2019, when he joined a local north London newspaper after graduating from the University of Sheffield with a first-class honours degree in journalism.
He took up the position of deputy news editor at Insurance Times in March 2023, before being promoted to his current role in May 2024.View full Profile
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