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Fund, corporate and family office solutions provider Altum Group has reached an agreement with private equity firm Tenzing to take a minority stake in the business.
Altum group, founded in 2000, is the sixth investment within Tenzing’s £400m Fund II, which started investing in 2021. Altum is one of 12 high-growth businesses within the Tenzing portfolio.
Zena Couppey, CEO of Altum commented: “The transaction is a significant vote of confidence in our strategy, talented team, and ambition. We are delighted to be working with Tenzing.”
Furthermore, Christian Hamilton, co-founder and Joint Managing Partner of Tenzing, said that Ms Couppey "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," she added.
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