BP Marsh grows Nexus stake to 19% as MGA completes re-fi
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BP Marsh grows Nexus stake to 19% as MGA completes re-fi

Rachel Dalton
08 October 2021
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Finance in the City of London and Canary Wharf

BP Marsh has taken an additional 2.49% stake in Nexus Underwriting Management as the MGA also secured new funding from Barings.

Nexus has secured a £70mn ($95mn) banking facility from the investment manager, of which it will use £50mn to refinance existing debt and the rest for new acquisitions.

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Rachel Dalton
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