Permira has announced a recommended cash acquisition of JTC plc for approximately £2.3 billion, reflecting a significant premium to the company's recent trading values.

Information on the Target

JTC plc (“JTC” or the “Company”) is a prominent global professional services firm established in 1987. The company specializes in providing a comprehensive range of services including fund, corporate, private client, and employer solutions. JTC caters to institutional clients, global wealth management firms, family offices, and high-net-worth individuals. With a workforce of over 2,300 professionals, JTC operates from 38 offices in 20 jurisdictions, showcasing a strong international presence. The Company is publicly traded on the London Stock Exchange and is included in the FTSE 250 Index, with its headquarters located in Jersey, Channel Islands.

Industry Overview

The professional services industry in the United Kingdom is characterized by its robust growth, driven by increasing demand for specialized expertise across various sectors. A strong economic environment, combined with financial innovations, has elevated the importance of professional services in global markets. In particular, the fund administration and trust services sectors are seeing substantial growth, fueled by rising asset values and heightened regulatory requirements, which compel organizations to seek professional compliance and management support.

UK-based professional services firms are adopting advanced digital solutions to meet dynamic market needs while ensuring efficiency and accuracy. The ongoing evolution towards digitalization opens new avenues for growth and operational enhancement