Border to Coast makes first commitment from UK opportunities bucket

Introduction

Border to Coast has completed its first investment from the UK Opportunities Fund since its final close in December 2022, backing the management buyout of specialist insurance broker, Global Risk Partners (GRP).

The funding will support GRP’s continued strategy of acquiring profitable and growing insurance distribution businesses in the UK and internationally.

The UK Opportunities Fund

The UK Opportunities Fund is a £1 billion fund launched in 2022 to invest in UK-based businesses with strong growth potential. The fund is managed by Border to Coast, a leading private equity firm with a track record of investing in UK businesses.

GRP

GRP is a leading independent insurance broker with a strong track record of growth. The company has a team of over 1,000 employees and operates in the UK, Europe, and the US.

GRP’s clients include a wide range of businesses, from small businesses to large corporations. The company offers a comprehensive range of insurance products and services, including commercial insurance, personal insurance, and employee benefits.

The investment

Border to Coast has invested £75 million in GRP to support the company’s continued growth. The investment will be used to fund GRP’s acquisition strategy and to invest in the company’s infrastructure.

GRP’s management team will remain in place and will continue to lead the company’s growth strategy.

Conclusion

The investment in GRP is a significant milestone for Border to Coast and the UK Opportunities Fund. It is a testament to Border to Coast’s commitment to investing in UK businesses with strong growth potential.

GRP is a well-established and profitable business with a strong track record of growth. The investment from Border to Coast will provide GRP with the resources to continue its growth strategy and to become a leading global insurance broker.