JTC PLC to acquire Minerva Holdings Limited and MHL Holdings SA, for £28m

JTC, an award-winning provider of fund, corporate and private wealth services to institutional and private clients, entered into a conditional agreement to acquire Minerva, provider of private client, corporate, fund and treasury services with a track record spanning more than 40 years, from Dome Management Limited and Dome Management SA. The initial consideration payment is expected to be £28 million. Nigel Le Quesne, CEO of JTC PLC, said: "Minerva has a long track record with particular strength in the private client sector and the markets of Africa, Asia and the Middle East. There is a clear fit with our existing operational footprint and client base and this will allow us to leverage our scalable global platform to enhance operating margins as well as to drive future growth.: