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Key Capital advised INDOS on its sale to JTC

JTC

United Kingdom

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Key Capital advised INDOS on its sale to JTC

Key Capital represented INDOS on its sale to JTC, a global fund, corporate and private client services provider, in a £12.5 million deal. Founded in 2012, INDOS is an industry-leading specialist in the provision of depositary, Environmental, Social & Governance (ESG) and Anti-Money Laundering (AML) oversight services for alternative investment funds.

As of December 2020, INDOS’ client assets under depositary oversight were c. $35 billion and AML officer clients represented c. $11 billion. INDOS employs over 50 staff across 3 locations in the UK and Ireland. Its diverse client portfolio includes leading UK and international alternative investment funds. In calendar year 2020, INDOS recorded revenue of £3.7 million.

JTC is a FTSE 250 listed company that provides fund, corporate and private client services. It employs around 900 people across its global office network and is trusted to administer assets of c. $130 billion. The acquisition of INDOS represents an important strategic acquisition for JTC, adding complementary capabilities to JTC’s fund services offering and scale to its Irish and UK businesses

Key Capital acted as sole financial advisor to INDOS.

We provide comprehensive, tailored advice to individuals, families, foundations, and institutions across the globe. Highly qualified and experienced people with an uncompromising commitment to doing the best for our clients and investors have ensured the firms success since its inception 20 years go.

The Key Capital team served as a trusted advisor throughout the entire process. The team took the time to listen to our needs and helped us find the right partner that shared the growth ambitions for Indos and had common values and culture. We benefited greatly from their expertise in the financial services sector and hands on support from the start to finish. I wouldn’t hesitate to recommend Key Capital to anyone who wants a top corporate finance team to help and support them through any sales process
Bill Prew, CEO - INDOS Financial
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