Permira, alongside Canada Pension Plan Investment Board, has completed its £2.7 billion acquisition of JTC, beginning a new growth phase focused on AI-enabled client services, U.S. expansion and strategic acquisitions.
JTC operates a global Fund Administration, Corporate & Trust Services platform and has generated sustained double-digit organic growth while also expanding through acquisitions.
The company’s Institutional Capital Services and Private Capital Services businesses provide infrastructure to private capital managers, family offices, wealth managers and financial institutions.
JTC has also built a substantial position in U.S. trust services while continuing to expand its fund administration and corporate services capabilities.
Permira plans to support continued investment in next-generation technology, AI-enabled client delivery and intelligent automation.
The firm will also back further expansion across North America and Europe, including both organic initiatives and additional strategic M&A.
JTC CEO Nigel Le Quesne said the company plans to use the partnership to execute its Genesis era business plan, which includes a goal of doubling the size of the group again.
Permira brings significant experience across the Fund Administration, Corporate & Trust Services ecosystem through previous investments including Alter Domus, Tricor and Kroll.
The investment firm has deployed approximately €16 billion of equity capital across the broader services sector over four decades.
KEY QUOTES:
“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.”
Nigel Le Quesne, Chief Executive Officer of JTC
“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 FACTS platforms.”
Robin Bell-Jones, Partner, Services at Permira
