Permira Completes £2.7 Billion Take-Private Acquisition of JTC

Permira now holds a majority stake in JTC, with the Canada Pension Plan Investment Board retaining a 20 per cent interest. Despite the shift in ownership, the firm will maintain its existing brand and leadership, with CEO Nigel Le Quesne continuing to head the management team. JTC, founded in 1987, currently employs over 2,500 people and serves a client base exceeding 14,000 across more than 100 countries.

Le Quesne stated that the partnership provides the necessary support to execute the company's "Genesis" business plan, which aims to double the size of the group. The strategy focuses heavily on expanding operations within the United States, particularly in trust services and fund solutions. Robin Bell-Jones, a partner at Permira, noted that the firm plans to accelerate JTC’s growth in North America and Europe through strategic acquisitions and the integration of AI-enabled service delivery, capitalizing on the rising demand for alternative assets and the ongoing intergenerational transfer of wealth.