JTC's Takeover Sparks Disappointment

2 months ago

Louise Moon

"But to one of the losers this morning is JTC. They're down 5.3%. This is of course the London listed corporate services provider and it's come after a bit of M&A. Indeed, so they're being taken over by a consortium led by a private equity house, with PMRA winning a battle against another bidder. The deal, expected to close in the third quarter of 2026, values the company at 2.3 billion pounds. There had been an expectation of a higher price, and that shortfall is what's dragging the shares down today. There's a bit of disappointment here."

JTC is underperforming after being acquired by a consortium, with shares down 5.3%. The deal, set to complete in Q3 2026, values the company lower than market expectations, leading to disappointment among investors. The commentary highlights the ongoing trend of UK corporate services providers being taken private by private equity, albeit with mixed pricing outcomes.