Finance
Permira nears $2.68 billion deal for UK fund administrator JTC, FT reports
Published by Global Banking & Finance Review®
Posted on November 10, 2025
2 min readLast updated: January 21, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on November 10, 2025
2 min readLast updated: January 21, 2026
Permira is set to acquire JTC for $2.68 billion, with an announcement expected soon. The deal highlights a trend of private equity interest in UK firms.
(Reuters) -Private equity group Permira is nearing a deal to buy London-listed financial services firm JTC for more than 2 billion pounds ($2.68 billion), the Financial Times reported on Sunday.
The planned purchase of JTC, which has a market capitalisation of 2.34 billion pounds, is expected to be announced as soon as Monday, the report said.
Permira declined to comment. JTC did not immediately respond to Reuters' request for comment.
JTC had been in separate talks with Permira and Warburg Pincus about buyout offers.
The takeover target previously rejected bids from both companies and extended the deadline for submitting an offer to November 14.
Warburg Pincus did not immediately respond to Reuters' request for comment.
Jersey-based JTC is one of the latest UK-listed companies to draw a bidding war from private equity funds. British companies have proven a fertile ground for bids as they typically trade at a discount to peers in the U.S. and Europe.
In September, Reuters reported private equity group Advent International had also been exploring a possible bid for JTC, though it put its work on hold at that time.
($1 = 0.7451 pounds)
(Reporting by Angela Christy in Bengaluru; Editing by Jamie Freed)
Private equity refers to investment funds that buy and restructure companies that are not publicly traded. These funds typically aim to improve the company's performance and sell it for a profit.
Market capitalization is the total market value of a company's outstanding shares of stock. It is calculated by multiplying the stock price by the total number of shares.
An acquisition is a corporate action in which one company purchases another company. This can involve buying the company's assets or its shares.
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