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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