Jensten secures funding boost to power growth in 2024

The firm closed out 2023 with 12 deals, with more on the horizon

Jensten secures funding boost to power growth in 2024

Insurance News

By Kenneth Araullo

Jensten Group has announced a significant boost in funding, securing over £170 million in new borrowing facilities over the past six months.

This financial influx, supported by LGT Private Debt, Bridgepoint Credit, and major shareholder Livingbridge Private Equity, sets the stage for Jensten’s future plans and growth strategy through strategic acquisitions and organic initiatives.

Ed Hannan, Jensten Group chief financial officer, commented on the company’s financial strategy.

“This recent expansion in funding marks another important moment for Jensten, as the business advances on its growth trajectory,” he said. “With enhanced financial firepower evidencing the support and confidence of our partners, the business is poised to convert its strong pipeline of new opportunities.”

In 2023, Jensten expanded its operations through 12 strategic acquisitions, including its largest acquisition of the East Anglian-based One Broker Group. This momentum carried into 2024 with the acquisition of Henry Seymour & Co and Melville Burbage, adding 55 new employees and four offices to the group.

Notably, the recent deal for Henry Seymour & Co, with its Salon Gold brand, enhances Jensten’s specialisation in niche market segments.

Hannan further elaborated on the company’s trajectory, highlighting Jensten’s track record as an attractive pick for business owners.

“Our track record speaks for itself, and we remain well-equipped to strike further deals which align with our growth strategy,” he said. “The commitment from our partners reaffirms our ability to offer attractive options to vendors looking for a collaborative business partner capable of helping them drive their business growth, ensure client satisfaction, foster staff development, and secure their legacy.

“Our most recent acquisitions are a clear demonstration of our ability to attract high-quality businesses into the Jensten family, where they have the support available to ensure they continue to thrive and flourish.”

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