Company Information

JTC is a leading independent provider of fund, corporate and private client services. Founded in 1987, the company has a global presence, with over 550 staff operating in more than 17 different jurisdictions and assets under administration totalling c. $85bn.

Terms of the Deal

JTC was admitted to London’s Alternative Investment Market (AIM) on 14 March 2018, in a deal that valued the company at £310m. This included a £243m fundraise. Zeus Capital acted as nominated adviser and broker, joint global co-ordinator and bookrunner on the transaction.

Market Opportunity

The company’s ongoing strategy is to expand through a combination of organic growth and acquisitions, building scale in current markets and entering new ones. This includes the expansion of the company’s core service and product offering, as well as building on its global network.

Nigel Le Quesne, CEO of JTC, said: “This is a fantastic opportunity for JTC. Having grown the business over the last 30 years into a leader in the administration services market for funds, corporate and private clients, this is the next logical step in our strategy and will create a long-term capital base for the business. The IPO will provide us with access to the capital markets, as we look to deliver future growth, both organically and through our targeted acquisition strategy in a sector which we view as ripe for consolidation.”

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