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New Deal


Announced

JTC acquired Exequtive Partners for €34m.

Financials

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Transaction Value£29m
Consideration TypeCash, Ordinary Shares, Contingent Deferred Consideration
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA13.6x
Share Price Premium-
One Off Charge-

Tags

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Luxembourg

Asset Managers and Custodians

Private

Pending

fiduciary services

Acquisition

Private Equity

Synopsis

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JTC, a provider of fund, corporate and private wealth services to institutional and private clients, acquired Exequtive Partners, a specialist provider of corporate and related fiduciary services, for €34m. Nigel Le Quesne, CEO of JTC, said: "Exequtive Partners is a specialist business in a key strategic location that has demonstrated exceptional performance since its inception. As such, this acquisition is reflective of our focus on high quality growth and on strengthening our proposition for institutional clients. The management team at Exequtive Partners has built a successful business based on very similar principles to JTC, making it an excellent cultural fit for us whilst also enabling Exequtive Partners to become part of an established global network that remains focused on client service excellence. We extend a warm welcome to our new colleagues, clients and partners."

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