Permira and CPP Investments Completed the £2.7 Billion Take-Private of JTC:

Permira's funds and CPP Investments have completed the take-private transaction of JTC plc, closing on September 1, 2026, at a £2.7 billion enterprise valuation. The deal marks the delisting of JTC from the London Stock Exchange and its transition into private ownership under the joint control of the two investors. CPP Investments is investing approximately GBP 350 million (equivalent to C$660 million) for a minority stake representing roughly 20 percent of the company, while Permira retains the controlling majority interest. The transaction received shareholder and regulatory approvals prior to completion.

JTC, a UK-based fund administrator and investor services provider, will operate as a privately held platform under the leadership of existing CEO Nigel Le Quesne. The completion of the acquisition follows Permira's successful take-private process, with both sponsors now aligned on the company's strategic direction. Robin Bell-Jones of Permira commented on the partnership as JTC enters its next growth phase as a private company.

Management has outlined an ambition to approximately double JTC's group size through targeted expansion and operational enhancements. The growth strategy emphasizes geographic expansion across North America and Europe, complemented by investments in AI-enabled client delivery capabilities and selective M&A activity. This positioning transforms JTC from a public-market listed fund administrator into a private, multi-sponsor-backed platform focused on technology-driven scaling and geographic reach. The combination of Permira's operational investment expertise and CPP Investments' long-term capital base provides the financial flexibility and strategic focus required to execute this expansion agenda.