BP Marsh portfolio company Sodalis Capital has acquired 100% of the issued share capital of independent international managing general agent (MGA) Amiga Specialty from BP Marsh, a specialist private equity investor in early-stage financial services businesses, for an initial consideration of £1.8 million.
Although BP Marsh will withdraw as an Amiga shareholder, it remains a major shareholder in Sodalis and will therefore continue to support Amiga Specialty. Upon completion, BP Marsh will retain a 25.55% stake in Sodalis.
Under the terms of the deal, BP Marsh will receive £706,250 in cash for its 39.24% stake in Amiga. In addition, BP Marsh will receive full repayment of the £1.825 million outstanding loan facility it provided to Amiga.
The deal aims to position the Amiga as Sodalis’ MGA platform to drive global expansion across specialty product lines.
Colin Thompson will join the Amiga Specialty Group board and Adam Kembrooke will join the Sodalis Group board. Apart from these two appointments, MGA will continue to operate under its existing leadership team and brand.
Sodalis was founded by Colin Thompson in November 2025 to pursue a buy and build strategy in the international insurance intermediary sector, targeting specialist underwriting and wholesale brokerage platforms in the UK, Europe, the Middle East and the Far East.
In November 2025, BP Marsh invested £5.3 million in Sodalis for cumulative preference shares, taking an initial 26.67% stake in the company along with Colin Thompson and Alliant Insurance Services, Inc.
Adam Kembrooke, Founder and Group Chief Executive Officer (CEO) of Amiga Specialty, commented: “We are building Amiga into a different kind of specialist platform – underwriting-led, people-centred and with a global perspective from day one. Partnering with Sodalis allows us to accelerate this while maintaining what makes Amiga unique. Just as importantly, this partnership brings together a group of exceptional talents.
“It’s great to be reunited with Colin, which gives us a rare opportunity to build something special a second time with several former colleagues, combining shared experience with a new, modern platform for the future. With the support of Sodalis, we now have the capital, alliances and long-term support to scale faster, invest deeper and continue to build a world-class specialty business for our brokers, carrier partners and customers.”
Colin Thompson, Founder and Group CEO of Sodalis, added: “Personally, it’s a great transition to be working with Adam again. We share a similar ethos and desire to grow. While we each set out independently, we ultimately have the opportunity to build another world-class platform together at Amiga. The foundations are in place, the culture is strong and the ambition is high.”
Under the terms, the sellers, including BP Marsh, may receive deferred consideration depending on Amiga’s performance in the financial years ending December 2027 and 2028. BP Marsh’s share of any deferred consideration will be calculated in proportion to its existing shareholding in Amiga.
Dan Topping has resigned as a nominated director from the Amiga Board of Directors but remains on the Sodalis Board of Directors.
Thompson said: “The acquisition of Amiga represents an important step in building a high-quality international specialty insurance platform. Amiga brings strong underwriting expertise and relationships that will complement Sodalis’ broader growth strategy.”
Topping said: “This transaction reflects our ability to create strategic opportunities across our portfolio. We are pleased to support this merger and continue our relationship with the Amiga team through our investment in Sodalis.”
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