JTC Sector: Financial Services Date of investment: Jul 2012 Date of exit: Mar 2018 Return: 4.4x invested capital CBPE contact: Ian Moore The proof “We would like to thank CBPE for their role in the development of JTC into a global service provider over the last five years. They have provided invaluable support and investment which has facilitated an acceleration in JTC’s growth and success, transforming the business into a leader in the administration services market for funds, corporate and private clients.” Nigel Le Quesne, CEO of JTC From local to global Expanding JTC worldwide The challenge JTC is a leading independent provider of private wealth, corporate, employee benefit and fund administration services. In 2012, JTC selected us as an investor to partner with management to develop JTC’s platform and to pursue a global growth strategy. We took a significant minority ownership position, with the balance of the equity being held by management and employees. The strategy To enable JTC to achieve its goals, we pursued a strategy which combined well planned organic expansion with acquisitive growth. During the period of our investment, ten successful and complementary acquisitions were completed, significantly increasing the scale of JTC’s operations and diversifying its revenue and client base. Exposure to higher growth end markets was further increased with new offices opened in Brazil, Argentina, Miami and New Zealand. Simultaneously, to enhance the quality and efficiency of the service proposition and to ensure the business was well placed to continue to support its growing client base, significant investment was made in JTC’s platform, systems and technology. The improvements made to JTC’s operational infrastructure will ensure that JTC is well placed to continue to deliver excellent service to its clients and will support the business as it pursues further growth. Our strategy led to ten successful acquisitions, along with improvements throughout the business to ensure it would stand the test of time throughout their development. These ranged from a new headquarters in Jersey, to system updates that helped make their service more efficient. The result Our partnership saw JTC successfully transition from a Channel Islands focused administrator to a global service provider with a diverse, multi-jurisdictional platform and broad client reach. While still headquartered in Jersey, by the time of our exit, JTC employed over 550 people globally and operated in 17 different jurisdictions including Europe, Africa, the USA, the Caribbean and across Asia-Pacific. The Group had in excess of 4,800 clients including alternative asset managers, financial institutions, corporates, family offices and UHNWIs. From 2012 to December 2017, revenues increased almost threefold to £59.8m and Assets Under Administration increased from $2bn to $85bn. Our partnership successfully concluded with the completion of JTC’s IPO on the London Stock Exchange’s main market in March 2018 at an Enterprise Value of £338m. We realised the investment in full, generating a return of 4.4x invested capital. All case studies Next Get in touch We’re not silent investors, we’d like to talk and find out more about you. If you feel the same, please get in touch. Contact T +44 (0)20 7065 1100 enquiries@cbpecapital.com Location CBPE Capital LLP 2 George Yard London EC3V 9DH Media enquiries Peter Ogden Powerscourt Phone: +44 (0)20 7250 1446 Email: Peter.Ogden@powerscourt-group.com Copyright © 2021 CBPE Capital LLP. All rights reserved. CBPE Capital is committed to conform with the Walker guidelines. CBPE Capital LLP is authorised and regulated by the Financial Conduct Authority. Privacy Policy. Legal. Make an enquiry Name Email Message Send