JTC listed on London Stock Exchange

Friday 16 March 2018

JTC, an independent fund, corporate and private client service provider, has been admitted to trade as a public company on the London Stock Exchange (LSE).

This marks a move away from being a private equity-backed company, having received investment from CBPE Capital in 2012 to enable its global expansion.

Last week, JTC announced its intention to undertake an initial public offering (IPO) with CBPE relinquishing their shares. Having raised £243.8 million in institutional investment prior to listing, JTC was admitted to the LSE on Wednesday using the ticker JTC and with a market capitalisation of £310 million.

JTC’s commitment to shared ownership, where employees can hold an interest in the firm and benefit from its performance, will be maintained, with its Employee Benefit Trust and Equity for All schemes evolving in line with JTC’s new public company structure.

Nigel Le Quesne, CEO of JTC, said: “This is a fantastic opportunity for JTC. Having grown the business over the last 30 years into a leader in the administration services market for funds, corporate and private clients, this is the next logical step in our strategy and will create a long-term capital base for the business. The IPO will provide us with access to the capital markets, as we look to deliver future growth, both organically and through our targeted acquisition strategy in a sector which we view as ripe for consolidation.

Pictured: Nigel Le Quesne, CEO, JTC.

“We would like to thank CBPE for their role in the development of JTC from a Channel Islands focused administrator to a global service provider with a broad client reach. They have provided invaluable support and investment which has facilitated an acceleration in JTC’s growth and success. Our people are at the heart of everything we do and JTC has always set itself apart through its belief in the value of true shared ownership, which has led to a very high percentage of equity ownership amongst our staff. We have a very clear and proven strategy of investing in our people to enhance the services we provide to our clients and this will remain the case in our life as a public company. We look forward to delivering value for all stakeholders in the business in the years to come.”

Lead picture: Nigel Le Quesne, CEO, JTC, opening trading at the LSE on Wednesday.