Permira private equity is exploring the acquisition of JTC company for 2 billion.

According to sources, private equity firm Permira is in preliminary discussions about acquiring JTC Group. JTC is a fund solutions and corporate services provider listed on the London Stock Exchange. The sources revealed that Permira has made an offer to acquire JTC, valuing the company at around 2 billion. As the information is not public, the sources requested anonymity. Based in Jersey, JTC's share price has risen by approximately 9% over the past 10 trading days, with the company's current market value at around 1.7 billion. At the end of July, JTC expressed "extreme confidence" in achieving its longstanding business plan ahead of schedule, which also boosted its share price. JTC has been expanding its business through acquisitions, with the announcement of a 20 million acquisition of Kleinwort Hambros Trust Company - a company that primarily provides estate planning services to affluent families. In 2017, Permira invested in Alter Domus. Based in Luxembourg, Alter Domus provides fund administration services to the alternative investment industry. With Permira's support, the company has become one of the largest in the industry. Last year, Permira sold approximately half of its stake in Alter Domus to competitor private equity firm Cinven. Sources indicated that the negotiations are ongoing and it is not certain if an agreement will be reached. Representatives from Permira and JTC have declined to comment on the matter.