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New Deal


Announced

Completed

JTC completed the acquisition of NYPTC.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

Single Bidder

Majority

Banks

Friendly

United States

banking

bank holding company

Acquisition

Cross Border

Completed

Synopsis

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JTC, a global professional services business, completed the acquisition of New York Private Trust, a Delaware non-deposit trust company. Financial terms were not disclosed. "We are delighted to announce the proposed acquisition of New York Private Trust, subject to final regulatory approvals. NYPTC is a high quality private client business that will expand our existing US footprint and support our ambitions to create a market-leading US domestic trust business. The NYPTC team have an outstanding reputation for delivering the highest levels of client service and taking an innovative approach across a broad spectrum of asset classes. In anticipation of formal completion, we extend a warm welcome to our new colleagues and clients," Nigel Le Quesne, JTC CEO.

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