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London venture capital firm sells 49% stake in the The Broucour Group for £341k

London-based B.P. Marsh & Partners Plc, a niche venture capital provider to early stage financial services businesses, has disposed of its 49% stake in The Broucour Group Limited.

Broucour Founder and Managing Director Rupert Cattell has bought the stake for £341k.

The company has two wholly owned subsidiaries, Turner Butler Limited and Owner Sellers Limited, which act as agents for sellers of SME’s in the sub-£3million bracket.

B.P. Marsh & Partners originally invested in Owner Sellers Limited, previously known as Amberglobe Limited, in 2008 and has supported the firm for a number of years, including funding the purchase of Turner Butler Limited in 2012.

Under the terms of the transaction Mr Jonathan Newman, the Group Finance Director of B.P. Marsh will resign as a Non-Executive Director on the Board of Broucour, as well as the wholly owned subsidiaries Turner Butler Ltd and Owner Sellers Ltd.

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