JTC PLC (LSE:JTC) agreed to acquire Blackheath Capital Management LLP on November 24, 2023. The initial consideration will be settled at completion in cash and JTC equity. Further deferred consideration is available on the achievement of performance targets. The existing partners of Blackheath, Stephane Carty and Simon Monson, are to remain with the business. On joining JTC, Blackheath will become part of the JTC Global AIFM Solutions business within the Institutional Client Services division, led by Dean Blackburn. For period ended June 30, 2023, Blackheath reported £0.7 million. The transaction remains subject to various closing conditions and regulatory approvals and is expected to complete during Q1 2024 at which time further detail will be provided.

JTC PLC (LSE:JTC) completed the acquisition of Blackheath Capital Management LLP on March 4, 2024. All regulatory approvals has received.