Alantra advises JMAN Group on a minority investment from Baird Capital
SECTORTechnology
ServiceM&A
London – Alantra, the global investment banking firm, has advised the shareholders of JMAN Group, an international commercially-focused data consultancy, on a minority investment from Baird Capital’s Global Private Equity Fund. The investment supports the continued expansion of JMAN’s range of data-led solutions for clients, as well as international growth, with a specific focus on North America.
Founded in 2013, JMAN delivers a range of solutions combining consulting, data science and data engineering capabilities that address the growing need for investment and value creation initiatives to be driven by data, at pace. JMAN combines the commercial mindset of a management consultancy with the agility and skillset of a technology company to value creation solutions across sectors and geographies, with a primary focus on the Private Equity industry. JMAN currently has two operational footprints, one in London, United Kingdom and the other in Chennai, India, serving clients in UK, mainland Europe and North America.
Advising JMAN marks the Alantra Technology team’s ninth technology consultancy deal globally in 2023, with a combined value of c$1bn, having previously advised Perwyn on its investment in Datatonic, CloudStratex on its sale to Brillio, and Objectivity on its sale to Accenture, among others.
JMAN was advised by James Chapman-Andrews, Steve Currie, Simon Roberts, Sanjit Benawra, Josh Woodage and Nicolas Daborn.
James Chapman-Andrews, UK Head of Technology, commented, “Anush and Michael [LeoValan] have established a hugely impressive business enabling clients to make superior, data-driven decisions to maximise impact. In Baird Capital, JMAN has found an ideal partner to help it expand its offering and to grow internationally.”
Anush Newman, Co-Founder & CEO at JMAN Group, said, “Given Baird Capital’s experience in supporting their portfolio companies with expansion into new markets, we believe this is a natural partnership given our intention to grow further internationally. “We’ve experienced phenomenal growth since 2019 and proved ourselves as a leader in the provision of data-driven services and solutions that deliver value, in a fast, flexible and commercially-focused manner. We can’t wait to work with Baird to push our boundaries and continue to build a globally recognised world-class team.”
Michael Holgate, Partner with Baird Capital’s Global Private Equity team, said, “JMAN’s culture, global footprint, and US expansion plans are a great complement to Baird Capital. Anush and Michael [LeoValan] have built a fantastic business and we are delighted to be partnering with them. Long-term demand drivers for Data Strategy, Analytics and Engineering are strong and we are excited to support JMAN’s ambition to become a leading global player in this market.”
