JTC is Now a Private Company as Permira Acquisition Completes

JTC and Permira Advisers LLP (“Permira”) announced that Permira’s £2.7 billion acquisition of JTC, by funds advised by Permira, alongside Canada Pension Plan Investment Board, has completed. The deal saw the company de-list from the London Stock Exchange and is now a private company.

This is the latest milestone in JTC’s 38-year growth journey as a leading provider of fund, corporate, private client and employer solutions services.

JTC will continue to operate under its existing name and brand, led by CEO Nigel Le Quesne and the established JTC management team.

Founded in 1987 in Jersey, JTC has grown to become a global business of more than 2,500 people, serving over 14,000 clients across more than 100 countries. Its growth has been driven by a distinctive culture of shared ownership for all employees, consistent organic success and a disciplined approach to acquisitions.

JTC’s Institutional Capital Services (ICS) and Private Capital Services (PCS) Divisions position the company at the centre of long-term structural growth across private capital and global wealth management. In the US, JTC has established a leadership position in trust services and working with family offices, wealth managers and financial institutions. Alongside continued demand for fund, corporate and employer solutions services, these structural trends provide significant tailwinds for long-term growth.

Permira has an extensive track record in the industry, including through its investments in Alter Domus, Tricor and Kroll, and has invested approximately €16 billion of equity capital to date in the wider Services sector over four decades.

Nigel Le Quesne, Chief Executive Officer of JTC, said:

“The completion marks an important milestone for JTC. With Permira as our partner, we are well positioned to deliver our Genesis era business plan, where our vision is to double the size of the Group once again. We will do this by combining the best people with the best technology to deliver service excellence to all our clients across a secure, efficient and scalable global platform.

“We already have a proven track record of delivering sustained growth through a combination of entrepreneurial organic expansion and disciplined acquisitions. With Permira’s backing, we’re excited to accelerate that strategy further – investing in our people, next-generation technology and AI capabilities, while continuing to pursue strategic acquisitions, with a particular focus on North America and Europe.

“The long-term opportunity in the US is particularly exciting. We see significant potential to continue building our leadership position in trust services and to expand our fund, corporate and employer solutions businesses as demand continues to grow.

“Permira values our culture of shared ownership, which will remain firmly at the heart of what makes JTC a special and unique business. As we look ahead, our focus is on building an even stronger, more innovative JTC for the benefit of our clients, colleagues and all our stakeholders.”

Robin Bell-Jones, Partner, Services, Head of London at Permira, said:

“We are delighted to have completed our investment in JTC and to be partnering with Nigel and the wider team at this exciting stage. We look forward to supporting the business as it delivers its latest growth era, accelerating its expansion across North America and Europe through continued investment in service quality, AI-enabled client delivery and strategic acquisitions.

“JTC is well positioned to benefit from powerful structural tailwinds, including the growth in global demand for Alternatives and in the US the largest intergenerational transfer of wealth in history. This, combined with JTC’s leading proposition, exceptional management, shared ownership culture and access to long-term capital, creates an outstanding opportunity to build one of the world’s leading Fund Administration, Corporate & Trust Services platforms.”