Bain Capital, the private investment firm, announced it has signed a definitive agreement to acquire Jensten Group, the UK-based commercial insurance distribution platform, from Livingbridge, a UK mid-market private equity investor.
The investment is being made by the dedicated insurance investing platform of Bain Capital. Financial details of the transaction were not disclosed. The deal is expected to close in the fourth quarter of 2025 and is subject to regulatory approvals.
Founded in 1986, London-based Jensten has evolved into a diversified insurance distribution platform serving small and medium-sized enterprises across the UK. The company operates across retail, wholesale, and managing general agent segments, and has completed 37 acquisitions to date, including 14 from its own franchise network.
Jensten was formed in 2018 following a management buy-out of Coversure Insurance Services Group – a deal that was backed by Livingbridge.
Bain Capital said it will partner closely with Jensten’s management team to invest in sales and distribution, technology and operations to further enhance the company’s client service offering and drive margin expansion.
The plan also includes a continuation of its successful M&A strategy focused on building out its regional operating footprint throughout the UK.
Livingbridge partnered with Jensten to accelerate its transformation into a leading UK insurance distribution platform, supporting 37 acquisitions and the development of a single operating platform.
“Jensten is a highly respected platform with a national footprint, broad product offering and a proven M&A engine,” commented Matt Cannan, a partner at Bain Capital. “We believe there is significant potential to accelerate Jensten’s organic growth journey, utilize data for strategic decision making and add further value by leveraging the company’s scale and forming partnerships with insurers.”
Robert Organ, CEO of Jensten Group, said: “We are proud of the business we’ve built with Livingbridge and our teams across the UK. With Bain Capital’s backing and deep sector experience, we’ll continue to attract new talent, expand our product offering, empower our brokers, and strengthen our position as a leading independent broker in the UK market.”
“We’ve appreciated the opportunity to support Jensten’s growth journey to a national multi-channel platform with strong M&A capabilities and a scalable operating model,” according to Simon Peet, partner at Livingbridge. “The team has built a business with scale and resilience, and we believe Jensten is exceptionally well-positioned to thrive in its next phase of growth with Bain Capital.”
The transaction is expected to close in Q4 2025, subject to regulatory approvals.
Jensten Group was advised by Continuum Advisory Partners, Travers Smith LLP and Deloitte. Bain Capital was advised by Macquarie Capital, Proskauer Rose LLP, Weil, Gotshal & Manges LLP and PriceWaterhouseCoopers and Oliver Wyman.
Management was advised by Jamieson Corporate Finance and DLA Piper.
About Bain Capital, Jensten Group and Livingbridge
Founded in 1984, Boston-based Bain Capital focuses on five areas of investment: Private Equity, Growth & Venture, Capital Solutions, Credit & Capital Markets, and Real Assets. It operates 24 offices on four continents, employs more than 1,850 people and has approximately $185 billion in assets under management.
As a UK commercial insurance broker, Jensten Group specializes in serving small and medium-sized enterprises through a connected broker strategy that spans retail, wholesale, and underwriting via its in-house managing general agent. Originally established as a regional retail broker, Jensten has evolved into a multi-channel distribution platform, offering both general and specialized insurance solutions across a broad range of sectors. The group controls approximately £600 million of gross written premium and operates from over 50 locations with more than 1,000 employees.
Launched in 1999, London-based Livingbridge has supported more than 170 investments across four sectors: technology, services, healthcare & education and consumer. It controls approximately £3.5 billion of assets under management.
Topics Mergers & Acquisitions
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