- The investment is being made via Bain Capital’s insurance investing platform
- Livingbridge invested in Jensten in 2018
- Jensten controls around £600m of gross written premium
Bain Capital has agreed to acquire Jensten Group, a UK-based commercial insurance distribution platform, from Livingbridge.
The investment is being made by Bain Capital’s dedicated insurance investing platform.
Founded in 1986, Jensten has evolved into a diversified insurance distribution platform serving small and medium-sized enterprises across the UK through a connected broker strategy that spans retail, wholesale and underwriting via its in-house MGA. It operates across retail, wholesale and managing general agent segments, and has completed 37 acquisitions to date, including 14 from its own franchise network. Jensten controls around £600 million ($812 million; €692.2 million) of gross written premium.
Bain Capital will invest in sales and distribution, technology and operations to further enhance the company’s client service offering and drive margin expansion, according to a release. The plan also includes a continuation of its M&A strategy focused on building out its regional operating footprint throughout the UK, the release said.
Livingbridge invested in Jensten in 2018.
“Jensten is a highly respected platform with a national footprint, broad product offering and a proven M&A engine,” said Matt Cannan, a partner at Bain Capital, in a statement. “We believe there is significant potential to accelerate Jensten’s organic growth journey, utilise data for strategic decision making and add further value by leveraging the company’s scale and forming partnerships with insurers.”
The transaction is expected to close in Q4 2025, subject to regulatory approvals.
Bain Capital was advised by Macquarie Capital, Proskauer Rose, Weil, Gotshal & Manges, and PriceWaterhouseCoopers and Oliver Wyman.
