Permira completes acquisition of JTC for £2.7 billion to support CEO Nigel Le Quesne and the JTC team to accelerate growth strategy focused on AI-enabled client delivery, US expansion and strategic M&A
London, UK – 1st September 2026: JTC (“JTC”) and Permira Advisers LLP (“Permira”) are pleased to announce that the funds advised by Permira, alongside Canada Pension Plan Investment Board, have completed their acquisition of JTC for £2.7 billion.
JTC is a highly reputed global Fund Administration, Corporate & Trust Services (“FACTS”) platform that has a long-term track record of delivering consistent organic success and targeted complementary acquisitions.
Under the stewardship of JTC’s exceptional management team, the business has already established itself as one of the fastest-growing global FACTS platforms, combining sustained double-digit organic growth with a disciplined acquisition strategy that has successfully expanded both its capabilities and international footprint.
JTC's Institutional Capital Services and Private Capital Services businesses position the company at the centre of long-term structural growth across private capital and global wealth management. Building on its long history in Europe, JTC has over the last few years established a unique leadership position in US trust services and is becoming critical infrastructure globally for family offices, wealth managers and financial institutions supporting the multi-decade intergenerational transfer of wealth. Alongside continued demand for specialist fund administration, these structural trends provide a significant long-term runway for growth.
Permira has an extensive track record in the FACTS ecosystem, including through its investments in Alter Domus, Tricor and Kroll, and has invested approximately €16 billion of equity capital to date in the wider Services sector over four decades.
With its significant deployable capital and expertise, Permira is positioned to be a long-term partner to JTC, supporting continued investment in next-generation technology, AI-enabled client delivery and intelligent automation that will enhance the client experience. Permira also intends to support JTC's continued expansion across North America and Europe, backing both organic growth and an ambitious acquisition strategy that builds on the company's proven track record of successful M&A.
Nigel Le Quesne, Chief Executive Officer of JTC, said: “The completion marks an important milestone for JTC. With Permira as our partner, we are well positioned to deliver our Genesis era business plan, where our vision is to double the size of the Group once again. We will do this by combining the best people with the best technology to deliver service excellence to all our clients across a secure, efficient and scalable global platform.
“We already have a proven track record of delivering sustained growth through a combination of entrepreneurial organic expansion and disciplined acquisitions. With Permira's backing, we're excited to accelerate that strategy further - investing in our people, next-generation technology and AI capabilities, while continuing to pursue strategic acquisitions, with a particular focus on North America and Europe.
“The long-term opportunity in the US is particularly exciting. We see significant potential to continue building our leadership position in trust services and to expand our fund, corporate and employer solutions businesses as demand continues to grow.
“Permira values our culture of shared ownership, which will remain firmly at the heart of what makes JTC a special and unique business. As we look ahead, our focus is on building an even stronger, more innovative JTC for the benefit of our clients, colleagues and all our stakeholders.”
Robin Bell-Jones, Partner, Services, said: “We are delighted to have completed our investment in JTC and to be partnering with Nigel and the wider team at this exciting stage. We look forward to supporting the business as it delivers its latest growth era, accelerating its expansion across North America and Europe through continued investment in service quality, AI-enabled client delivery and strategic acquisitions.
“JTC is well positioned to benefit from powerful structural tailwinds, including the growth in global demand for Alternatives and in the US the largest intergenerational transfer of wealth in history. This, combined with JTC’s leading proposition, exceptional management, shared ownership culture and access to long-term capital, creates an outstanding opportunity to build one of the world's leading FACTS platforms.”
