Altum Group a leading provider of fund, corporate, and family office solutions, today confirmed they have reached an agreement with Tenzing, to take a minority stake in the business.
Founded in 2000, Altum Group has a solid track record of delivering double-digit organic growth and is the sixth investment within Tenzing’s £400m Fund II, which started investing in 2021, and is one of twelve high-growth businesses within the Tenzing portfolio.
The strategic partnership will support Altum’s continued focus on high-quality client service and outstanding value add to their existing and future clients while investing to extend its jurisdictional and product offering.
Zena Couppey, CEO of Altum, commented:
“Tenzing was carefully selected as our preferred partner because we share the same vision and culture of putting our clients and people first. The transaction is also a significant vote of confidence in our strategy, talented team, and ambition. We are delighted to be working with the Tenzing and look forward to continuing to provide our clients with exceptional quality of service.”
Christian Hamilton, Co-Founder and Joint Managing Partner of Tenzing, added:
“With such a strong and experienced leadership team at the helm, Altum is well-positioned to capitalise on the impressive growth we are seeing in this market. Zena and management have already put in many of the foundations needed to scale the company to the next level, especially when it comes to tech, team, and process. We are excited to partner with them to drive more organic and inorganic growth whilst continuing to deliver the world-class service that their clients love.”