Irish fintech Global Shares sold to J.P. Morgan

Global Shares, an Ireland-based provider of stock plan management software, is being acquired by J.P. Morgan.

Global Shares is 40% owned by Motive Partners, a PE firm that specialises in fintech investments. It bought the stake in 2018 for $25 million.

Global Shares acquired by J.P. Morgan

Founded in 2005, Global Shares has 600+ corporate clients that range from early-stage start-ups to mature multinational public corporations. Global Shares has nearly $200 billion in assets under administration.

It employs 600 people across 17 locations in Europe, the Middle East and Africa, North America and Asia Pacific.

The deal, which is still subject to regulatory approvals and customary closing conditions, is expected to close in H2 2022.

Over time, J.P. Morgan will integrate the fintech into its asset and wealth management line of business. However, the company will remain headquartered in Clonakilty, Ireland.

“The addition of Global Shares is complementary across our entire J.P. Morgan franchise from new client acquisition for our global private bank and US wealth management businesses to providing new, innovative capabilities to private and public companies globally and helping their employees manage their wealth,” says Mary Callahan Erdoes, CEO, J.P. Morgan Asset & Wealth Management.