Management consultancy JMJ Associates has agreed to an equity investment from 3i Group, a London-headquartered international private equity investor.
Following JMJ's recent strong growth, the current shareholders of JMJ decided to seek an investor to support the continuing expansion of its international footprint. 3i will support JMJ's next stage of development by providing operational and strategic expertise, as well as using its international network to identify and support further growth opportunities.
3i focuses on mid-market private equity, infrastructure and debt management. Once invested, 3i will work in partnership with JMJ's management team to accelerate the company's growth plans. 3i operates from 12 offices across 11 countries in Europe, Asia and the Americas.
Stephen Portner, chief executive, JMJ Associates, says: "We are pleased that 3i shares our vision for the company including our future growth as we enter an exciting next stage of our development. With the strong commitment from our employees, whom I believe to be the best in the field, and 3i as a financial partner, we look forward to building on our performance and expanding our impact around the world."
Alan Giddins, managing partner, 3i Private Equity, says: "JMJ is a truly exceptional business with a strong management team who we have known for some time. We have significant experience of the end markets in which JMJ operates and have a strong track record of working with consultancy businesses, so are well placed to work in partnership with management to take advantage of the sector's exciting growth opportunities."