Sidley advises Permira on $3.43 billion acquisition from JTC plc

Permira is the acquirer, backed on the bid by Canada Pension Plan Investment Board, and is taking private JTC, an FTSE 250-listed provider of fund administration, corporate and trust services.
Permira will offer GBP 13.40 per JTC share in cash, valuing JTC's share capital at GBP 2.3 billion and representing a 49.4% premium to JTC's 897 pence share price on Aug. 13.
The acquisition is being implemented via a Jersey scheme of arrangement requiring 75% shareholder approval and Royal Court of Jersey sanction, alongside multiple financial-services and antitrust clearances, with effectiveness expected by September 2026.

JTC PLC sold JTC PLC to Papilio Bidco Ltd as part of a acquisition on 2025-11-10.
Deal value was 23000000000 (source: Extracted) Seller position: 100% acquisition; Sector: Financial Services; Location: UK.
On the seller side, the advisory team included Ferdinand Mason, Patrick Sarch, Alex Woodfield.

Permira is the acquirer, backed on the bid by Canada Pension Plan Investment Board, and is taking private JTC, an FTSE 250-listed provider of fund administration, corporate and trust services.
Permira will offer GBP 13.40 per JTC share in cash, valuing JTC's share capital at GBP 2.3 billion and representing a 49.4% premium to JTC's 897 pence share price on Aug. 13.
The acquisition is being implemented via a Jersey scheme of arrangement requiring 75% shareholder approval and Royal Court of Jersey sanction, alongside multiple financial-services and antitrust clearances, with effectiveness expected by September 2026.

JTC PLC sold JTC PLC to Papilio Bidco Ltd as part of a acquisition on 2025-11-10.
Deal value was 23000000000 (source: Extracted) Seller position: 100% acquisition; Sector: Financial Services; Location: UK.
On the seller side, the advisory team included Ferdinand Mason, Patrick Sarch, Alex Woodfield.

Deal Overview