Divestiture • Financial Services

JAR Capital Acquires IDT Financial Services Holdings

On June 22, 2017, asset manager JAR Capital acquired financial services company IDT Financial Services Holdings from International Discount Telecommunications

Acquisition Context
  • This is JAR Capital’s 1st transaction in the Financial Services sector.
  • This is JAR Capital’s 1st transaction in Spain.

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M&A Deal Summary

Date June 22, 2017
Target IDT Financial Services Holdings
Sector Financial Services
Buyer(s) JAR Capital
Sellers(s) International Discount Telecommunications
Deal Type Divestiture

Target Company

IDT Financial Services Holdings

Gibraltar, Spain
IDT Financial Services Holdings Ltd. (IDT Finance) is a provider of financial services. IDT Financial Services is based in Gibraltar, Spain.
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Buyer Overview 1

Buyer
DESCRIPTION

JAR Capital is an asset management firm focused on providing wealth management services. In addition to advising on fund investments, JAR Capital directly invests alongside its clients in opportunities across the US, Europe, Middle East, and Asia. JAR Capital was formed in 2014 and is headquartered in London.


Deal Context for Buyer #
Overall 1 of 1
Sector: Financial Services 1 of 1
Type: Divestiture 1 of 1
Country: Spain 1 of 1
Year: 2017 1 of 1

Seller Profile 1

SELLER

International Discount Telecommunications

Newark, New Jersey, United States

Category Company
Founded 1990
Sector Communications
Employees1,820
Revenue 1.2B USD (2024)
DESCRIPTION

International Discount Telecommunications is a telecommunications company, that provides services to personal and business customers. International Discount Telecommunications was founded in 1990 and is based in Newark, New Jersey.


Deal Context for Seller #
Overall 2 of 2
Sector: Financial Services 1 of 1
Type: Divestiture 2 of 2
Country: Spain 1 of 1
Year: 2017 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-02-17 net2phone

Newark, New Jersey, United States

net2phone, Inc. is a provider of cloud based telephony services. net2phone's flagship hosted PBX service offers its channel partners the opportunity to uncover significant recurring revenues, enjoy customer retention, and add new services to, or even build, their own brands.

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