Jersey-headquartered fund, corporate and private wealth services provider, JTC, has entered into a conditional agreement to acquire Van Doorn from International Capital Group B.V.
Van Doorn is a fast-growing, specialist provider of corporate and related fiduciary services based in Amsterdam, the Netherlands.
Van Doorn’s 16 employees will combine with JTC’s existing Institutional Client Services team in Amsterdam, increasing JTC’s market presence in the region, broadening its services and creating greater opportunities for future growth.
The acquisition is part of JTC’s growth strategy outlined at its IPO in March 2018 and as referred to in its trading update issued on 23 July 2018. In addition to this acquisition, the company continues to see further opportunities for both organic and inorganic growth.
Nigel Le Quesne, CEO of JTC PLC, said: “Van Doorn is a high-quality, fast-growing business that is an ideal bolt-on to our Institutional Client Services (ICS) Division and which strengthens and enlarges our Netherlands platform. The management team has built a successful business based on very similar principles to JTC and this deal allows Van Doorn to become part of a larger, established global network, while retaining its focus on sophisticated solutions and client service excellence.
“I am also pleased that the owner managers of the business will be moving to JTC as part of the transaction and bringing with them not only their wealth of experience and relationships, but also an energetic approach and strong appetite to drive future growth. We extend a warm welcome to our new colleagues, clients and partners.”