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LONDON - Private equity firm Permira has approached JTC plc regarding a potential cash offer for the entire company, according to a statement released Friday.
Permira Advisers LLP, acting on behalf of Permira funds, confirmed it had contacted JTC’s board about acquiring all issued and to-be-issued shares of the company.
The announcement comes in response to recent market speculation about a possible deal. However, Permira emphasized there is no certainty that a firm offer will be made or what terms might be proposed.
Under UK takeover regulations, Permira must announce a firm intention to make an offer or declare it will not proceed by September 26, 2025. This deadline can only be extended with approval from the Panel on Takeovers and Mergers.
JTC plc is a global professional services company that provides fund, corporate and private client services.
Permira, a global investment firm, manages funds with approximately €75 billion of committed capital. The firm typically focuses on investments in technology, consumer, services, healthcare and financial services sectors.
The statement noted that Permira is still making inquiries to determine whether any dealings in JTC shares by persons acting in concert with it might trigger minimum consideration requirements under takeover rules.
This announcement was made in accordance with the City Code on Takeovers and Mergers and contained inside information as defined by market regulations.
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