Clearwater International provides transaction support to Melior Equity Partners on its significant investment in BHP
Clearwater International has provided transaction support to Melior Equity Partners (Melior), one of Ireland’s leading mid-market private equity investors, on its significant investment in BHP Insurance (BHP), a leading independent Irish brokerage specialising in the not-for-profit sector.
Headquartered in Dublin, BHP has been providing insurance solutions to the not-for-profit sector for the past 15 years. In that time, BHP has partnered with and been the preferred broker for many umbrella bodies and national organisations such as Public Participation Network Members, The Wheel members, DSP Community Employment Scheme/ Voluntary Boards, charities, homeless services, Muintir Na Tire community alerts and mental health associations. The company will be expanding into life and pensions, construction insurance and bonds, sports clubs’ insurance and specialist contents insurance for social housing tenants. BHP’s team of 16 employees currently provides insurance solutions to 5,000 charitable customers.
Melior is a leading Irish private equity investment firm with a strong track record of supporting Irish management teams and investing in small to medium sized private businesses in Ireland.
The investment, made through the Melior Equity Partners II Fund, builds on Melior’s in-depth understanding of the insurance broking sector having previously led a successful investment in AA Ireland. BHP has concurrently announced the acquisition of Keegan Meredith & Williams Insurances (KMW) alongside its investment from Melior. This is the first of many acquisitions the company is seeking to make in the Irish market.