Over the past 5 years, we have increasingly differentiated ourselves from traditional providers through the early adoption of technology and a flexible resourcing model, delivering double-digit growth throughout the COVID-19 pandemic, underpinned by our innovative use of digital lead generation, client referrals and international exposure through Morison Global.
This investment enables us to keep our independence yet further develop our digitally enhanced service, spend more time with clients, recruit additional technical and industry specialists, create an amazing working environment, and expand into complimentary services.
Most importantly, relationships within Jeffreys Henry will remain unchanged. All our clients can continue to count on their usual Relationship Partner and team to support their goals and aspirations.
“Tenzing’s investment allows us to draw on their expertise and proven ability to invest in successful growth businesses, and further develop our digitally enhanced service, attract and retain top talent, create an amazing working environment, and expand by acquisition whilst retaining our strong brand name and independence.”
Christian Hamilton, Co-Founder and Joint Managing Partner of Tenzing, added: “Jeffreys Henry’s model of leveraging technology to enhance the user experience gives it a unique proposition in the market. Entrepreneurs across the UK rely on the firm’s expertise to deliver mission-critical services that their business needs to operate, which has resulted in double-digit revenue growth across its large customer base. We’re super excited to back Justin and the team and will support them with improving sales effectiveness, enhancing digital marketing and with acquisitions via our Growth Network and by sharing our extensive expertise within the HR and Payroll space.”
Following the investment, Justin Randall will take on the additional role of Group CEO, sitting on the new holding company board of Jeffreys Henry along with Jon Isaacs, and two Tenzing non-executive directors Mike Reynolds and Christian Hamilton.
David Silver will also be joining the board as part-time Chairman. David qualified as a lawyer in 1996 and has an MBA from London Business School. Until recently he was Head of European Investment Banking for Robert W. Baird. He has completed c. 100 M&A transactions, working principally with services and tech-enabled services companies, owned by entrepreneurs and private equity firms, including Tenzing.
Founded in 2015, Tenzing invests in niche market leaders and challenger businesses, valued between £10m and £200m across the UK and Northern Europe. Jeffreys Henry is Tenzing’s first investment in regulated professional services, and the 2nd investment in their flagship £400m Fund II.