Provider of fund, corporate and private client services
Acquired 100% of Business Operations
Indos Financial Limited
Provider of depositary, ESG and AML oversight services for alternative investment funds
Advised on Sale of Company
JTC Acquired 100% of Business Operations Indos Financial Limited
Key Capital (IMAP Ireland) 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 (IMAP Ireland) acted as sole financial advisor to INDOS.
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