Walkers advises Minerva on union with JTC

Leading IFC law firm Walkers is pleased to have advised Minerva on the company's acquisition by JTC PLC, which was announced earlier today. The Walkers Jersey core team comprised partners Nigel Weston and Mark Crichton, supported by senior counsel Christopher Reed and associate Jessica Robinson.

Headquartered in Jersey and with offices in Europe, Africa, the Middle East and Asia, Minerva has been a leading name in the provision of private client, corporate, fund and treasury services to a global client base for more than 40 years.

The acquisition will see Minerva becoming a part of a larger JTC group with offices in Dubai and the UAE, bringing its total number of office locations to seven, including Jersey, London, Geneva, Singapore and Mauritius.

Vipin M. P. Shah, Chairman of the Minerva Group commented:-

"In JTC we believe that we have found a strong and highly regarded partner that shares many of our values; one that will allow us to build on the success that we have created, while at the same time providing new and exciting opportunities and options for our clients, our staff and our network of business partners. The Walkers team worked hard to get the transaction completed in a short timescale. I was particularly impressed with their calm but firm approach."

Walkers' partner Nigel Weston added:-

"We were delighted to have been chosen as trusted adviser to Minerva and its shareholders, in what is a significant milestone in the history of both Minerva and JTC. Having advised on numerous such sales, acquisitions and related financings, our team was able to bring our considerable experience to bear on behalf of our client. We congratulate warmly both Minerva and JTC on signing this important and exciting deal, and wish them every success in the future for their united business."

Jessica RobinsonSenior AssociateT +44 (0) 1481 748 932jessica.robinson@walkersglobal.com

Nigel WestonPartnerT +44 (0)1534 700 788nigel.weston@walkersglobal.com
Christopher ReedGroup Partner*T +44 (0) 1534 700 825christopher.reed@walkersglobal.com