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.

Subscribe Now

Complete access to real-time information and analysis of news and trends in the industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.