Jensten demonstrates continued progress against its strategy with a substantial increase in funding dedicated to future growth. The successful securing of additional funding cements the firm’s commitment to advancing its growth plans throughout 2024 and beyond.
Having secured over £170 million in new borrowing facilities over the past six months, Jensten has laid the groundwork for a series of upcoming strategic acquisitions and organic growth initiatives. The continued backing of well-respected and long-standing partners LGT Private Debt and Bridgepoint Credit demonstrates their confidence in Jensten’s potential and vision for the future. Furthermore, Jensten’s majority shareholder, Livingbridge Private Equity, remains a firm supporter and continues to be instrumental in fuelling the company’s continued expansion.
Commenting on this development, Jensten Group Chief Financial Officer, Ed Hannan, said:
“This recent expansion in funding marks another important moment for Jensten, as the business advances on its growth trajectory. With enhanced financial firepower evidencing the support and confidence of our partners, the business is poised to convert its strong pipeline of new opportunities.”
Jensten closed out 2023 having completed a total of 12 strategic acquisitions including its largest to date in leading East Anglian-based One Broker Group.
Continuing its momentum into 2024, Jensten has already announced two significant deals since the start of the year: Henry Seymour & Co and Melville Burbage. These acquisitions have brought on board 55 new colleagues and four new offices. Notably, Henry Seymour & Co also brings a wealth of experience in a specialist market segment under its long-established brand, Salon Gold, strengthening Jensten’s schemes and affinities capability. Furthermore, these acquisitions will support Jensten’s strategy to expand its footprint across the UK and establish strong regional centres of excellence, delivering dedicated services to a diverse client portfolio.
Hannan continued:
“With the increased funding available for acquisitions, Jensten continues to be an attractive choice for business owners who are considering their options. Our track record speaks for itself, and we remain well-equipped to strike further deals which align with our growth strategy. 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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