Private equity firm to sell its stake in broker

Private equity firm Inflexion has agreed to sell its investment in broker David Roberts and Partners (DR&P) to BMS Group.

Inflexion first invested in DR&P in 2021 and reinvested in 2023 to support further growth of the business.

Together, they have completed 14 acquisitions over the last three years, which has resulted in a tenfold increase in DR&P’s earnings before interest, tax, depreciation, amortisation and exceptional items (ebitda).

Inflexion’s exit of DR&P follows its previous investment in Bollington Wilson, which was sold to US-listed Arthur J.Gallagher in 2021.

Malcolm Coffin, partner and head of Inflexion’s enterprise fund, said: “Our partnership with DR&P has been both highly productive and richly rewarding for all involved, a testimony to the tremendous skill and energy of such a talented management team in delivering industry leading organic performance alongside thoughtful and impressive acquisitive led growth.

“It also marks Inflexion’s second highly successful investment in the sector. We would like to thank the entire team for their hard work and wish them all the best for the future.”

’Significant opportunities’

DR&P, which was formed in 1977, currently has a team of almost 400 people in 25 offices across the UK and Europe, handling more than £620m in gross written premiums (GWP).

John Page, chief executive of DR&P, said: “We are proud of what has been achieved with the support of Inflexion over the past three years.

“Its investment has allowed us to build a market leading business in the UK insurance market. We believe there are significant opportunities for further growth ahead of us.”