3i Group plc has closed a deal for a majority stake in JMJ Associates for about $175 million.
JMJ, headquartered in Austin, Texas, is a management consulting firm. The company was seeking an investor to continue expanding internationally. The deal was announced on Oct. 21.
3i is a London-based private equity firm that focuses on middle market infrastructure and debt management. In March, the firm bought eyewear retailer Óticas Carol for about $55 million.
The buyer’s other investments include Amor GmbH, Element Materials Technology and Mayborn Group.