PE-backed BMS acquires Jurado Mata

BMS subsidiary BMS Iberia has taken a majority share of the company.

Jatender Aujla, partner at Preservation Capital, said: "This acquisition was about scaling our operation in Spain and giving it the scale it needed."

All Jurado Mata staff and infrastructure will transfer to BMS Iberia. Juan Mata, CEO of the company, will also join BMS Iberia's board of directors once the integration is complete.

Aujla said: "We'll continue to make accretive acquisitions for BMS on an opportunistic basis that provide either new product or geographical capabilities, but we're more focused on organic growth and team hires."

BMS's backers invested in the company in June 2019, in a deal that gave it an enterprise value of £500m.

He continued: "We have global ambitions for BMS and hope to significantly scale the business with an ambition to triple the size of the business over the next few years."

Company
Granada-based Jurado Mata was founded in 1990 and provides a range of affinity, commercial and personal lines products to a range of Spain-based clients.

People
Preservation Capital – Jatender Aujla (partner).
British Columbia Investment Management – Kevin Sarafilovic (senior portfolio manager).
BMS Group – Nick Cook (CEO).
BMS Iberia – Fernando Claro (CEO).
Jurado Mata – Juan Mata (CEO).

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