Newsletter Edtition 90
Nov 13, 2025
Permira to Acquire JTC in £2.3bn Take-Private Deal
London — Private equity firm Permira has agreed to acquire JTC, the London-listed financial services and fund administration group, in a £2.3 billion ($3.1 billion) take-private transaction, according to a report by the Financial Times.
Under the terms of the agreement, JTC shareholders will receive 1,340 pence per share in cash, representing a nearly 50% premium to the firm’s share price on August 13, the day before Permira’s initial approach.
The deal — which is subject to shareholder and regulatory approvals — follows months of takeover interest in the Jersey-based provider of fund, corporate, and private client services. Earlier in the year, JTC had rejected bids from both Warburg Pincus and Permira, while Advent International was also reported to have explored an offer before pausing work in September.
JTC’s shares have surged nearly 39% since the company first confirmed takeover discussions with Permira in late August. The acquisition marks a significant win for Permira, underscoring continued private equity appetite for high-growth, tech-enabled financial services platforms.
Orix and QIA Launch $2.5bn Japan Private Equity Fund Targeting Succession Deals
Tokyo / Doha — Japanese financial services group Orix Corp has teamed up with the Qatar Investment Authority (QIA) to launch a $2.5 billion Japan-focused private equity fund, aimed at capitalising on the country’s growing wave of corporate succession opportunities and carve-out transactions, according to a report by Reuters.
Orix will hold a 60% stake in the fund’s management company, while QIA will own the remaining 40%, the partners said in a joint statement on Tuesday.
The vehicle will target mid- to large-cap Japanese companies undergoing leadership transitions, public-to-private transactions, and divestitures of subsidiaries or non-core business units. Each investment will carry a minimum ticket size of around ¥30 billion ($200 million), Orix said.
Japanese media outlet Nikkei reported that the fund’s total capacity could eventually grow beyond ¥1 trillion ($6.6 billion) as additional commitments are secured.
The launch underscores accelerating international investor interest in Japan’s private equity market, where demographic shifts and corporate restructuring are driving a record volume of succession and carve-out deals.
https://www.arabnews.com/node/2622195/business-economy
Neuberger Berman Closes Private Debt V at $7.3bn
Neuberger Berman has announced the final close of its latest private credit vehicle, NB Private Debt V, raising $7.3 billion including leverage and surpassing its initial target, according to a company statement.
The fund will focus on senior secured, first-lien, and unitranche loans to US private equity-backed companies, with participation from a diversified investor base spanning North America, South America, Europe, the Middle East, and Asia.
Launched in 2013, Neuberger Berman’s private debt platform now manages $24.3 billion across evergreen and closed-end strategies. The platform leads or co-leads 98% of originated loans and has the capacity to commit more than $800 million per transaction. Client capital dedicated to the strategy has grown by over 80% in the past two years.
Founded in 1987, Neuberger Berman’s private markets platform oversees $169 billion globally across private equity, private debt, capital solutions, and specialty strategies. Kirkland & Ellis LLP served as legal counsel for the fund.