0370 270 6000

Browne Jacobson advises Foresight Group on investment in AI and machine learning SaaS and Services provider TMAC

11 November 2021

Browne Jacobson’s national private equity team has advised leading independent private equity and infrastructure investment manager Foresight Group LLP (Foresight) on its investment in artificial intelligence and machine learning SaaS provider The Modular Analytics Company Limited (TMAC), funded by the Midlands Engine Investment Fund (MEIF). The investment forms part of an aggregate c.£1.5m million round, with co-investment provided by the Greater Manchester Combined Authority (GMCA).

TMAC was founded in 2018 by Jimmy Hosang and Sean Northam with a vision to change the way data science is understood and applied. TMAC’s contact centre solutions software helps operators make better decisions faster, improving customer experiences, and generating, accelerating and modulating results to deliver value quickly. The business works with a diverse client base made up of blue chip and FTSE 100 clients that cut across the retail, banking, financial services and media sectors.

MEIF is an initiative supported by the European Regional Development Fund and forms a key part of the UK Government’s strategy to support the region’s economic growth through strategic investment in SMEs.

The Browne Jacobson team was led by associate Matt Bolton, who recently advised Foresight on its exit from e-commerce fulfilment specialist Selazar. Matt was assisted by associate Bethany Pickup and they were supported by Browne Jacobson private equity partner, Gareth Davies.

Jordan Lavender, Investment Manager leading the transaction for Foresight Group, commented: “We are delighted to be supporting TMAC on its next stage of growth. With digital transformation projects becoming more widespread in organisations, TMAC is well placed to take advantage of this flourishing market. We’d like to thank the Browne Jacobson private equity team which again delivered both excellent service and high-quality advice.”

Matt Bolton, associate at Browne Jacobson, added:

“We’re delighted to have supported Foresight on its investment in TMAC – an exciting business with a strong management team which is already starting to gain real traction in its market. We wish them every success as they press ahead with their scaling and growth plans”.

Focus on...

Published articles

How AI and technology can transform the healthcare sector

Kay Chand, partner at Browne Jacobson, explores how AI and technology can make the healthcare industry a more streamlined & effective system


The UK's green agenda - the outcomes of COP27 and actions since COP26

Just over a year ago world leaders, policymakers, scientists and environmental activists gathered in Glasgow for COP26. Now many of those same people have also travelled to Egypt to attend this year's summit for what has been billed as “A moment of truth for the international community”.


Press releases

Browne Jacobson helps the Civil Aviation Authority take off with its modernisation masterplan

Browne Jacobson has been appointed as the sole legal advisor to assist with the environmental assessment aspects of the master plan. The firm is also project managing a team of specialist external environmental consultants over a three-year project delivery period.


Press releases

Law firm Browne Jacobson reveals strategic growth plan for new Dublin office

UK law firm Browne Jacobson, which opened its first overseas office in Dublin in September, has outlined its strategic plans to grow its legal team over the next four years.