29th Aug 2025 12:28
(Alliance News) - Private Equity firm Permira Advisers LLP on Friday said it has reached out to Jersey-based professional services company JTC PLC regarding a possible cash offer for the business.
Shares in JTC shot up 15% to 1,128.00 pence on Friday afternoon in London, giving the company a market capitalisation of GBP1.91 billion.
Permira did not detail the terms of any potential offer.
However, Bloomberg on Friday reported, citing people with knowledge of the matter, that Permira has made a proposal to purchase JTC that values it at around GBP2.0 billion.
Permira added that there is no certainty of any firm offer being made, nor as to the terms on which any firm offer might be made.
By Christopher Ward, Alliance News reporter
Comments and questions to [email protected]
Copyright 2025 Alliance News Ltd. All Rights Reserved.
Related Shares:
Jtc Plc