Somers Limited

Overview

Somers Limited is a Bermuda-based financial services investment holding company established in 2012. It is listed on the Mezzanine Market of the Bermuda Stock Exchange and focuses on investments in the banking, asset financing, fintech, and wealth management sectors. The company primarily targets developed markets, with significant investments in Australia, Bermuda, and the United Kingdom. As of March 31, 2025, Somers' shareholders' funds were approximately £235 million, and it holds both minority and controlling shareholdings in listed and unlisted companies. The company's investment strategy is centered on providing long-term total returns to its shareholders by identifying undervalued companies within the financial services sector. Somers operates with low levels of leverage and aims to deliver superior per-share total returns through both capital appreciation and income. The firm seeks to invest in companies where the underlying value is not fully reflected in the market price, maintaining regular dialogue with management and offering strategic input to support growth and development. Somers Limited is managed by ICM Limited, a Bermuda-based global fund manager and corporate finance adviser. ICM Limited manages approximately US$1.3 billion in funds directly, with an additional US$41.6 billion held by investee and affiliated companies as of June 30, 2025. ICM Limited's investment philosophy emphasizes a deep understanding of each investment's business fundamentals and its economic value, focusing on long-term value creation. The company's portfolio includes significant holdings in Resimac Group Limited, W1M, ICM Mobility Group Limited, MoneyMe Limited, and Toranotec Limited, among others. Somers Limited's approach to responsible investing involves active engagement with investee companies on material Environmental, Social, and Governance (ESG) issues to create a positive impact on results and the groups it works with.

Investment Focus

• Long-term investment horizon
• Focus on undervalued companies
• Active engagement with management
• Low leverage
• Diversified portfolio across sectors and geographies

Portfolio Companies