Jensten Group lands over £170m in new borrowing facilities to further growth plans

Jensten Group, a leading UK insurance broker, has announced that it has landed over £170m in new borrowing facilities over the past six months.

Jensten Group, a leading UK insurance broker, has announced that it has landed over £170m in new borrowing facilities over the past six months.

The funds, which were supported by LGT Private Debt, Bridgepoint Credit, and major shareholder Livingbridge Private Equity, are set to pave the way for the company’s ambitious growth plans and underscores its strategic vision for expansion through both acquisitions and organic initiatives, according to Insurance Business Mag.

Ed Hannan, Jensten Group chief financial officer, commented on the firm’s plans for the future, stating, “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.”

In recent years, Jensten has demonstrated its commitment to growth through strategic acquisitions. In 2023 alone, the company expanded its operations through 12 strategic acquisitions, including the significant purchase of the East Anglian-based One Broker Group.

Building on this momentum, Jensten continued its acquisition spree into 2024 with the addition of Henry Seymour & Co and Melville Burbage, further solidifying its market presence.

These acquisitions not only bolster Jensten’s market position but also add value through increased manpower and office locations.

“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,” Hannan stated.

With its recent funding boost and a string of successful acquisitions, Jensten Group is poised to continue its upward trajectory in the insurance sector, cementing its position as a leading player in the market.

“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,” concluded Hannan.

Copyright © 2024 InsurTech Analyst

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