Tenzing invests in Jeffreys Henry MBO
Tenzing Private Equity has invested in accountancy firm Jeffreys Henry alongside its management team.
Jeffreys Henry is the second investment from Tenzing Private Equity II, which closed on £400m in June 2020. Equity tickets from the fund sit at around £20-25m, with follow-on capital available up to £30m. The company is now one of 11 businesses within the total Tenzing portfolio.
The management team at the company will be led by managing partner Justin Randall and partner Jon Isaacs.
Following the investment, Tenzing's value creation strategy will focus on supporting Jeffreys Henry's growth through investing in sales and digital marketing, using the experience of Titus Sharpe from the firm's entrepreneurs panel, as well as its domain experts, according to a statement. The company will also take advantage of acquisition opportunities.
Company
Based in London, the firm offers audit, tax and business support services, and employed 70 people as of 2019. It was founded in 1880.
People
Tenzing Private Equity – Christian Hamilton (co-founder, joint managing partner).
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