On 18 June 2010 BlueGem subscribed for a 17% stake in Management Consulting Group Plc, a global provider of consultancy services through its three underlying divisions: Alexander Proudfoot, Kurt Salmon Associates and Ineum Consulting.

Alexander Proudfoot, established in 1946 and headquartered in Atlanta, develops and implements operational improvements to increase productivity and reduce costs. Proudfoot has offices in Brazil, Canada, the US, the UK, France, Germany and South Africa.

Kurt Salmon Associates, established in 1935 and headquartered in Atlanta, provides consultancy services to the retail and consumer products sector and to the health care provider sector. Kurt Salmon has offices in North America, Europe and Japan.

Ineum Consulting, established in 2003 and headquartered in Paris, provides consultancy services including strategy, process improvement and systems design to a wide range of industries in both the private and public sectors. Ineum has offices in Continental Europe, UK, US, North Africa and Australia.In 2009 Management Consulting Group generated group revenues of £ 277 million and underlying operating profit of £ 28 million.

BlueGem has invested alongside further investment from Management Consulting Group’s existing shareholders, managers and key employees, and has appointed two directors to the company’s Board.

On 1st December 2011 BlueGem increased its investment in Management Consulting Group Plc through the exercise of warrants which were issued as part of the original transaction, and also through the acquisition of additional shares. BlueGem now has a stake of 25.2% in the company.