Data science consultancy JMAN partners with investor for growth

08 June 2023 3 min. read
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A private equity fund from Baird Capital has backed JMAN Group, as it looks to beef up its international capabilities. Terms and conditions for the purchase of the minority stake were not disclosed.

JMAN Group is an international commercially-focused data consultancy. In the decade since its launch, JMAN has grown to deliver a range of solutions, with a primary focus on the private equity industry. The firm’s operational footprints are in London, serving clients in the UK, Europe and North America, while it also has a wing in Chennai, India.

As the firm looks to extend its offering of consulting, data science and data engineering capabilities to clients around the world, and build for its next 10 years, JMAN has attracted a new funding injection.

Data science consultancy JMAN partners with investor for growth

The investment from Baird Capital’s global private equity fund will now support the continued expansion of JMAN’s range of solutions, as well as international growth, with a specific focus on North America.

JMAN’s Co-founder and CEO Anush Newman said of the deal, “Baird Capital’s strength and experience in expanding companies just like JMAN into new markets presented 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.”

Newman launched JMAN alongside Michael LeoValan – who is now the firm’s CTO. The pair will continue to lead the company after the deal – the financial details of which were not disclosed.

“JMAN’s culture, global footprint, and US expansion plans are a great complement to Baird Capital,” added Michael Holgate, a partner with Baird Capital’s global private equity team. “Anush and Michael 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.”

Earlier this week, JMAN was named one of the UK’s leading consulting firms in data science.


JMAN Group was advised on the deal by a number of professional services firms. Alantra provided corporate advisory and Grant Thornton supplied tax services, while Gowlings offered legal support.

Meanwhile, Baird Capital was given legal advice by Eversheds Sutherland, corporate finance services by CG Results, commercial diligence from Armstrong, financial and tax advisory from EY, technical advice from Seedcloud, tax from BDO, management services from New Street Consulting, insurance support by WTW, with organisational consultancy delivered by Humatica.