Private equity firm Fusion AI buys Tiger Consultants

Private equity firm Fusion AI buys Tiger Consultants

Fusion Alternative Investment Partners (Fusion AI), a private investment firm specialising in technology and services, has acquired UK-based Tiger Consultants, a specialist consulting practice dedicated to the investment management industry.

Established in 1994 Tiger has expanded through a combination of organic growth and acquisitions to provide services which range from strategic consultancy, managed implementations, operations process improvement, risk reviews and recruitment.

Tiger claims that 70% of its revenues are generated through repeat business, with new business typically coming from referrals. Over the past two years, it has increased gross revenues by 97%. It has also recently acquired two businesses - the Hobbes Group in 2006 and Ruby Business Management in 2007.

Commenting on the acquisition, Joanne Lewis, founder of Tiger, says: "Joining the Fusion AI family of companies will give Tiger a platform to more rapidly develop significant opportunities within the European investment management industry and cement our position as a leading financial services consultancy."

Financial terms of the Tiger deal were not disclosed.

This is Fusion AI's fourth deal since it was formed in 2007 by four partners operating on both sides of the Atlantic, Steve Edkins, Laurence Shaw, Joe Golden and Glenn Giles. It has invested in two small US firms as well as making a majority investment in Etheios Group in January. Like Tiger, Etheios provides business and IT services to asset and investment managers and their service and software suppliers.

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