Travers Smith LLP has advised long-standing client Livingbridge on the sale of a majority stake in Jensten Group ("Jensten") to Bain Capital.
Founded in 1986, 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.
Travers Smith also advised Livingbridge on the acquisition of Jensten (then The Coversure Group) in 2018.
The Travers Smith team was led by Private Equity & Financial Sponsors Partner Laura Kelly and Head of Private Equity & Financial Sponsors Will Yates, with support from Senior Associate Eric Van Winssen, Associates Nehemiah Odunlami, Sam Buswell and Will Legood, and Trainee Baaldesh Singh. Specialist tax advice was provided by Head of Tax Russell Warren and Senior Counsel Joe Sheldrick.
