JTC acquires alternative fund specialist INDOS for £12.5m

clock • 2 min read

JTC, the global provider of fund, corporate and private client services, announced this morning its acquisition of INDOS for a maximum consideration of £12.5m. The initial consideration is £11m which will be settled in cash £10m and JTC equity £1m. A further £1.5m deferred consideration is available to management on the achievement of performance targets, JTC confirmed in a statement this morning. Founded in 2012, INDOS is an industry-leading specialist in depositary, ESG and AML oversight services for alternative investment funds. As of December 2020, INDOS' client assets under depos...

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Christopher Copper-Ind

Christopher Copper-Ind is editor-in-chief of International Investment. Before this, he was editorial director of The Business Year, from 2014 to 2017.