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FRP Corporate Finance has revealed that it has advised JS Group on its sale of a minority shareholding to NatWest Group.
The transaction is aimed at driving the further adoption of JS Group’s Aspire platform across higher education and accelerate adoption in other sectors, such as charities and local authorities.
Initially, this investment will help JS Group change how financial support is delivered in the higher education sector, driving improved Social Inclusion.
The investment will also accelerate the adoption of Aspire in other sectors including charities, local and central government, where the impactful distribution of financial support is critical to social mobility.
Headquartered in Southampton, JS Group is a specialist provider to universities enabling them to efficiently disburse funds such as bursaries, scholarships and other financial support to students.
The FRP Corporate Finance team was led by partners Simon Davies and Darren Miller, supported by associate director Chris King and debt advisory director Umito Choji.
Peter Gray, chairman and CEO at JS Group, said: “We are thrilled to welcome NatWest as an investor in JS Group to drive our mission of transforming the delivery and impact of financial support. Aspire gives funders greater optionality over the delivery of financial support and gives beneficiaries agency over how they receive funds.
“This investment will enable us to further develop our platform and expand our reach, ensuring that more universities, more sectors and more beneficiaries can take advantage of our efficient and secure payment services.”
Davies added: “We are delighted to have supported Peter Gray and JS Group in securing this investment, which marks a significant milestone in the group’s growth journey. This transaction will enable the group to accelerate its expansion into new markets and capitalise on exciting opportunities ahead. NatWest’s desire to invest in JS Group is a testament to JS Group’s vision and leadership in the adoption of open banking.”
