Award-winning provider of global private client, corporate, fund, and treasury services, Minerva has signed a conditional agreement to combine with JTC Group, one of the leading providers of private client, fund, and corporate services. The deal however, excludes Minerva's affiliate businesses, MTC Kenya and Meghraj Capital, and both will continue as independent companies.
Minerva states it has found a strong and highly regarded partner in JTC, that shares many similar values- allowing it to build on the success it has created while providing new and exciting opportunities and options for clients, staff, and its network of business partners. Minerva chairman and founder, Vipin Shah said, “I am delighted with this deal, which is an important step in the development of Minerva, and we look forward to working closely with the highly experienced teams at JTC to further enhance our offering. The founders and the senior management team remain shareholders, having taken much of our consideration in shares, and are committed to continuing the work we have been doing for the last 40 years.”
CEO of JTC PLC, Nigel Le Quesne said, “We are delighted to announce this important deal. Minerva has a long track record with particular strength in the private client sector and the markets of Africa, Asia, and the Middle East. There is a clear fit with our existing operational footprint and client base and this will allow us to leverage our scalable global platform to enhance operating margins as well as to drive future growth.” The company has over 600 employees, and provides services to clients from a global network of more than 20 offices and has assets under administration of $85 billion.
