BMS Renamed as Minova, Garners $50.7M from Capital Z
June 06, 2014
Capital Z Partners has completed an investment of $50.7 million in Minova Insurance, formerly known as BMS Associates. A holding company with investments in independently managed and separately regulated insurance businesses, Minova has offices in five countries and employs 350. In 2013, its businesses generated revenues of £68 million ($114 million) and EBITDA of £7.5 million ($12.6 million).