JMG Group has announced a significant new equity investment, jointly led by long-standing partner Synova and US-based private equity firm GTCR, with participation from the company’s leadership team. The transaction, which is still subject to regulatory approval, aims to support JMG’s ambitious growth plans through further acquisitions, talent acquisition, and platform enhancement.
Ares Management, JMG’s incumbent lender, will provide a new financing facility as part of this investment, underscoring its ongoing commitment to the business.
This latest funding round deepens Synova’s partnership with JMG, which began in 2020 when the firm first acquired a majority stake in the company. GTCR, a Chicago-based private equity leader known for scaling financial services and distribution-focused businesses globally.
Since Synova’s initial investment, JMG has executed 46 acquisitions and achieved robust organic growth. The group intends to maintain this momentum, targeting further expansion into 2025 and beyond, following the completion of more than 20 acquisitions last year.
JMG’s ongoing growth is highlighted by recent transactions completed by its subsidiaries, including GS Group, Greenwood Moreland, and Lighthouse Risk Services, which have strengthened the group’s footprint within the UK insurance market. These strategic moves align with JMG’s broader plan to enhance its regional presence through targeted investments in high-potential firms.
