Portfolio

Global Risk Partners Limited

Penta Capital backed Peter Cullum, the industry leading serial insurance entrepreneur, along with a strong team led by David Margrett and Stephen Ross in late 2013, to carry out a buy-and-build in UK insurance broking and MGA’s (capital light underwriting).

A novel approach to buy-and-builds was undertaken, using an owner/driver model across GRP’s subsidiary businesses with ultimate rewards tied to individual business performance. The effect was to drive a focus on sales, margins, the achievement of synergies such that the group significantly outperformed its peer group.

By 2020, we had acquired 60 businesses, and had become a leading independent insurance broker in the UK. The scale, stability and growth in profitability led to a very strong partial exit, with Penta delivering 3.3x money for our investors.

Penta continue to maintain a minority interest, and the group has grown further having completed over 80 acquisitions. We anticipate a commensurate further growth in value for our investors.

Global Risk Partners Limited
50 Fenchurch Street
London, EC3M 3JY

Tel: +44 (0)20 3813 6900
www.grpgroup.co.uk

Penta’s input and guidance has been valuable and supportive, it is a genuine partnership in all respects.
Peter Cullum, GRP Chairman
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