Advising on sale of JHC to create top broking and wealth management platform in the UK

Taylor Wessing has advised JHC Systems Ltd (JHC), a UK-based wealth management fintech firm, on its acquisition by FNZ, the global financial technology company.

The acquisition results in the combined group becoming one of the top software platforms in the UK for the wealth management industry, by bringing together FNZ’s and JHC’s respective existing customers in this market.

JHC, which is headquartered in London, provides the core technology platform to a number of the UK and Ireland’s top wealth managers and platforms. Its established software solutions – JHC Figaro (Figaro), JHC Neon (Neon), and JHC Xenon (Xenon) – facilitate more effective portfolio management, account administration, regulatory compliance and risk analysis for clients and financial advisers.

The team was led by corporate partner Robert Fenner, and senior associate Suzy Penney (Private Equity).

Commenting on the transaction, corporate partner, Robert Fenner, who led the transaction: said: "JHC has a market leading platform in the UK, combined with state-of-the-art digital solutions. We are delighted to have been able to help JHC realise a very successful sale to FNZ."

John Blackman, Chief Executive at JHC, comments: "Joining forces with FNZ is the perfect way for us to grow our business. We are thrilled with the outstanding work that the Taylor Wessing team provided in advising us on the sale. They gave us strategic legal advice and nuanced market knowledge which was fundamental to the success of this deal."