CBC UK Ltd’s Management Buyout

Nabarro’s Corporate team has advised the management of CBC UK Ltd (CBC) on their successful management buyout of CBC from major shareholder, Dr Jerome Booth. The MBO was backed by BP Marsh and Partners PLC.

CBC is a Lloyd’s Broker established in 1985. The business is a mixture of retail and wholesale, with an enviable network of regional producing brokers. The management team, led by Rob Cottingham, took over in 2016 and implemented a three year growth strategy.

BP Marsh and Partners PLC (BPM) is an AIM-listed specialist private equity investor in early stage financial services businesses with an unparalleled track record in the insurance industry.

The Nabarro team was led by Corporate partner, Alasdair Steele (Picture), assisted by Corporate associate Harriet Serpis, tax partner, Graham Muir, and associates Julia Cockroft and Dilpa Raval.

 

Involved fees earner: Alasdair Steele – Nabarro LLP; Harriet Serpis – Nabarro LLP; Graham Muir – Nabarro LLP; Julia Cockroft – Nabarro LLP; Dilpa Raval – Nabarro LLP;

Law Firms: Nabarro LLP;

Clients: Robert Cottingham;

 

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