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JTC, Papilio Bidco Secure Remaining Financial Regulatory Approvals for Deal

MT Newswires·08/05/2026 09:40:59
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09:40 AM EDT, 08/05/2026 (MT Newswires) -- Professional services company JTC (JTC.L) on Wednesday disclosed the satisfaction of the remaining financial services regulatory conditions for its recommended cash acquisition by Papilio Bidco. The deal remains subject to court sanction and other remaining conditions. A court hearing is scheduled for Aug. 19, with the scheme expected to become effective on Aug. 20. Papilio Bidco is indirectly owned by funds advised by Permira Advisers and the Canada Pension Plan Investment Board.