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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  JTC PLC    JTC   JE00BF4X3P53


Delayed Quote. Delayed London Stock Exchange - 10/23 11:35:05 am
500 GBX   -0.40%
10/06JTC : Cayman Islands Removed from EU Blacklist
09/24JTC : Top 7 Benefits of Outsourcing Fund Administration
09/15JTC : Interim Results Presentation - September 2020
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

JTC : to Acquire NES Financial

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04/02/2020 | 08:09am EDT

Transformational combination derives from a shared focus on client service and lasting growth

Specialty fund administrator NES Financial announced today that it has entered into a definitive acquisition agreement with JTC PLC (LON: JTC), a global provider of fund, corporate and private wealth services to institutional and private clients.

Together, JTC and NES Financial form a global powerhouse comprised of a multi-jurisdictional platform – servicing over $130 billion in assets – and over 900 employees in 19 countries.

As a JTC Group company, NES Financial will continue to operate under its current brand in the U.S. market, having long been recognized as an industry-leading provider of fund administration for Opportunity Zones, the immigrant investor EB-5 program, and private equity – as well as 1031 tax-deferred exchange services for private equity, commercial real estate and corporate clients.

“The transaction with JTC places NES Financial’s technology-driven, purpose-built solutions in the context of a platform with global reach and sophistication,” said Michael Halloran, chairman and CEO of NES Financial. “Combining JTC’s first-rate institutional services, NES Financial’s expertise in investment vehicles, and a global fund administration and accounting capability will deliver significant newfound value to our clients.”

“And in the midst of the COVID-19 pandemic, our services are needed more than ever,” added Halloran. “The U.S. EB-5 program has historically provided a capital lifeline in downturns. And as more people face sudden unemployment, the Opportunity Zones initiative and EB-5 investor program will continue to provide jobs to distressed communities across the country.”

“With NES Financial, the JTC Group welcomes a market leader in the segments they serve and a platform that will be the foundation for our continued expansion into the U.S. market,” said Nigel Le Quesne, CEO of JTC PLC. “At the same time, NES Financial’s proprietary eSTAC technology engine offers a strategic advantage that JTC can apply globally, for the benefit of all our clients.”

Subject to customary closing conditions and relevant regulatory approval, the deal is expected to close at the end of April. Evercore acted as exclusive financial advisor to NES Financial Corp. in connection with the transaction.


JTC PLC is an award-winning provider of fund, corporate and private client services to institutional and private clients. Founded in 1987, JTC has more than 900 people working across its global office network and is trusted to administer more than $130 billion of client assets. The principle of true shared ownership for all employees is fundamental to their culture and aligns them completely with the best interests of their clients and other stakeholders.

Through its Institutional Client Services (ICS) Division, JTC fund services administers a wide variety of listed and unlisted funds across a diverse range of asset classes, including real estate, private equity, renewables, hedge, debt and other alternatives. The firm’s corporate services business line provides company secretarial and administration services to a broad range of clients, including SMEs, public companies, multinationals and sovereign wealth funds. JTC’s private client services include the formation and administration of vehicles such as trusts, companies and partnerships on behalf of HNWIs and UHNWIs and their families and dedicated private and family offices.

About NES Financial

NES Financial is a specialty fund administrator that serves sectors characterized by high administrative complexity, increased transaction security needs, and challenging regulatory compliance requirements. The company’s purpose-built solutions streamline the administrative processes of these markets — simplifying specialized financial transactions, curtailing fraud and abuse and helping ensure the utmost in security, transparency and regulatory compliance through each step of an investment’s life cycle.

NES Financial, recognized on the San Francisco Business Times’ top Bay Area fintech list, has defined industry best practices in each of the markets it serves — from 1031 exchanges and EB-5 visa funding to private equity and the landmark Opportunity Zones program. NES Financial services more than 300 funds, administers more than $20 billion annually and has worked with more than 700 EB-5 projects. For more information, visit nesfinancial.com.

© Business Wire 2020

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All news about JTC PLC
10/06JTC : Cayman Islands Removed from EU Blacklist
09/24JTC : Top 7 Benefits of Outsourcing Fund Administration
09/15JTC : Interim Results Presentation - September 2020
09/15JTC : reports growth and resilience in interim results
08/11JTC : appoints Dean Blackburn as Chief Commercial Officer
07/01JTC : Completes acquisition of sanne private client business
06/02JTC : Covid 19 is causing turbulance for aircraft asset backed securitisations (..
05/14JTC : Appoints dublin leadership team as new office opens
04/27JTC : Sailesh Navsaria – Working In Africa
04/22JTC : Reports continued disciplined growth for 2019
More news
Sales 2020 116 M 151 M 151 M
Net income 2020 18,7 M 24,3 M 24,3 M
Net Debt 2020 82,2 M 107 M 107 M
P/E ratio 2020 27,2x
Yield 2020 1,34%
Capitalization 602 M 785 M 785 M
EV / Sales 2020 5,91x
EV / Sales 2021 4,99x
Nbr of Employees 900
Free-Float 89,9%
Duration : Period :
JTC PLC Technical Analysis Chart | MarketScreener
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Technical analysis trends JTC PLC
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus BUY
Number of Analysts 9
Average target price 557,63 GBX
Last Close Price 500,00 GBX
Spread / Highest target 22,0%
Spread / Average Target 11,5%
Spread / Lowest Target -5,00%
EPS Revisions
Nigel Anthony Le Quesne Chief Executive Officer & Executive Director
Michael Joseph Liston Non-Executive Chairman
Wendy Holley Chief Operating Officer & Executive Director
Martin Fotheringham Chief Financial Officer & Executive Director
Adam Jeffries Chief Information Officer
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