Private equity firm PCP takes minority stake in specialist CPRI broker BPL

Berry Palmer & Lyle (BPL), a specialist Credit and Political Risk Insurance (CPRI) broker, has secured a long-term investment from private equity firm Preservation Capital Partners (PCP).

Thanks to PCP’s minority investment, BPL will be able to secure its future as an independent, employee-owned firm. The investor’s expertise, network, and experience will help the broker be strongly positioned for sustained growth and innovation.

Charles Berry, Founder, BPL, said: “BPL only became fully employee-owned around a decade after it was founded, when the PRI market was still embryonic. Now the CPRI market has matured, with a clear direction and growth trajectory, it is time to revert to our origins by partnering with external minority shareholders, while retaining majority employee-ownership and our specialisation.

“But PCP doesn’t just offer us financial firepower – it also lends us the skillsets of an exceptionally dynamic group of banking and strategic operational experts. I have no doubt that we have found the best fit for BPL – a continuation of the business we built, while enabling it to aim higher and unlock the type of opportunities that our team deserves.”

As an independent firm, BPL will remain committed to delivering best-in-class advisory services, the broker stated, ensuring its clients receive the highest-quality solutions tailored to their needs.

Jatender Aujla, Managing Partner at PCP, will join the BPL board, with the broader leadership remaining unchanged.

Jatender Aujla, Managing Partner, PCP, stated: “We are delighted to partner with a leading specialist broker led by an outstanding management team. We have been following BPL’s market leading performance over a number of years and have been impressed by its outstanding growth and unparalleled reputation.

“BPL has consistently demonstrated market leadership and an unwavering commitment to delivering value to its clients. Our investment underscores PCP’s strategy of partnering with best-in-class businesses led by exceptional management teams, and we look forward to supporting BPL’s next phase of growth.”

Sian Aspinall, Group CEO, BPL, added: “We are thrilled to partner with PCP. Not only are we founded on the same values of specialism, innovation and “skin in the game” but we share the same philosophy for development – strengthening through investing in talent, innovation and expertise.”

The transaction is expected to close in the fourth quarter of 2025 and it is subject to customary regulatory approvals and other closing conditions.

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