Case Study

Sale of iPrism Underwriting Agency to Bowmark Capital

The transaction was structured as a secondary management buyout, enabling the founder and management team to retain stakes in the business going forward whilst also receiving significant cash proceeds.

The deal has replaced iPrism’s previous Private Equity backers, Magenta Partners, with Bowmark Capital.

Founder, Gary Burke, had the following comment to make “This is the fourth transaction Eleanor has advised me on and as always she did an excellent job throughout – we couldn’t have done it without her”.  Eleanor previously advised Gary Burke on the trade sale of his previous company to Allianz (2006), the introduction of initial Private Equity investors into iPrism (2010) and the cash-out refinancing with RBS (2012).

Other ABG Corporate Finance activities

We are currently working on a number of other Corporate Finance projects and meeting with clients to discuss their current and future plans.  

This has included providing guidance on potential acquisitions, approaches they have received for their businesses and actions they could take that will bring them greater value and/or cleaner exits as and when they are ready to sell.

ABG Corporate Finance LLP is a limited liability partnership registered in England and Wales with the registered number OC387546 and registered office address of 30 City Road, London, EC1Y 2AB.  ABG Corporate Finance LLP is authorised and regulated by the Financial Conduct Authority.