JTC acquires Indos Financial

The transaction remains subject to FCA approval and is expected to be completed by the end of March 2021.

The deal is valued at up to £12.5m, according to press reports.

Founded in 2012, Indos is headquartered in London and has additional offices in Enniscorthy in Ireland and Fareham in Hampshire. According to a statement, the firm's 52 directors and staff will join JTC's institutional client services division. The staff will also become shared owners in the business.

The firms expect the deal will enhance the range of services that they can provide to their clients, as well as their geographical presence in key markets.

Key Capital provides corporate finance advice for Indos, while Tughans provided legal advice.

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