JTC agrees £2.3bn takeover by Permira
By Frank Prenesti
Date: Monday 10 Nov 2025
(Sharecast News) - Global fund administration platform JTC on Monday said it had agreed a £2.3bn takeover by private equity firm Permira, beating interest from rival Warburg Pincus.
JTC shareholders would receive £13.40p a share, below Friday's closing price of £13.58. Shares in the company have surged from 897p on August 13 when Permira made its first offer.
The company's share price has jumped by a third this year as the board rejected four approaches from Permira and three from Warburg Pincus.
JTC received increased proposals from Permira on 6 November and Warburg Pincus on 7 November, which were of an equivalent offer price per JTC share, before Permira on Sunday tabled its latest bid.
The board said that while it believed JTC was "well-positioned to make continued progress as an independent company, it has concluded that the terms of the acquisition recognise the value of JTC's business and provides shareholders with an immediate cash realisation".
Reporting by Frank Prenesti for Sharecast.com
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