PriyaPatel
TLDR:
- Jensten Group, a UK insurance broker, has secured over £170m in new borrowing facilities from LGT Private Debt, Bridgepoint Credit, and Livingbridge Private Equity to support their growth plans.
- The company has been focused on strategic acquisitions, completing 12 in 2023 and continuing with more in 2024 to bolster its market position.
Jensten Group, a prominent UK insurance broker, has recently announced that it has secured more than £170m in new borrowing facilities over the past six months. This funding, backed by LGT Private Debt, Bridgepoint Credit, and major shareholder Livingbridge Private Equity, is intended to provide substantial support for the company’s ambitious growth plans. Jensten Group’s Chief Financial Officer, Ed Hannan, emphasized the importance of this funding in advancing the company’s growth trajectory and expanding its operations through acquisitions and organic initiatives.
With a focus on strategic acquisitions, Jensten Group has made significant progress in expanding its market presence. In 2023, the company completed 12 acquisitions, including the notable acquisition of One Broker Group. This trend continued into 2024 with the addition of Henry Seymour & Co and Melville Burbage, further solidifying Jensten’s position in the market. These acquisitions not only enhance Jensten’s market position but also bring additional value through increased manpower and office locations.
Hannan expressed confidence in the company’s ability to continue its acquisition spree and align with its strategic growth objectives. The ongoing support and commitment from its partners reaffirm Jensten Group’s capacity to offer attractive opportunities to vendors seeking collaborative business partners to drive business growth, ensure client satisfaction, foster staff development, and secure their legacy.
With the recent injection of funding and a series of successful acquisitions, Jensten Group is well positioned to continue its upward trajectory in the insurance sector, solidifying its standing as a leading player in the market. The company’s recent acquisitions underscore its ability to attract high-quality businesses into its fold and provide the necessary support for their continued success and development.
