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...
To continue reading this article...
Join International Investment
Join International Investment today
Unlock members-only benefits:
- Unlimited access to real-time news, industry insights, video features and market intelligence
- Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
- Receive breaking news stories straight to your inbox in the daily newsletters
- Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
- Members-only access to the Editor’s weekly news roundup newsletter
- Members-only access to analysis via our exclusive industry polls
- Be the first to hear about our events and awards programmes