Intertrust Group acquires ATC Group

Intertrust Group (“Intertrust”) announces it has reached agreement to acquire ATC Group (“ATC”) – a quality provider of fiduciary, management and administration services – from HgCapital.

ATC provides high quality fiduciary, management and administration services to multinational corporations, financial institutions, investment funds and entrepreneurs. Headquartered in Amsterdam, the Netherlands, ATC currently operates with over 380 employees and is active in 16 key jurisdictions.

As a combined group, Intertrust will operate with more than 1,400 people from 32 offices in 23 countries. Intertrust combines global reach with local knowledge and cultural understanding to serve international clients from every corner of the world. The acquisition of ATC reinforces Intertrust’s successful acquisition strategy, aimed at extending its expertise and global capabilities in light of ongoing globalization and clients’ increasingly complex needs.

Commenting on the transaction, David de Buck, CEO of Intertrust Group, said:

ATC is a well-respected competitor with high quality standards and values similar to Intertrust. We strongly believe that ATC and Intertrust are an excellent fit, and will bring great benefits to our clients and advisors. Through the acquisition Intertrust becomes the undisputed quality leader of our industry in the Netherlands, Luxembourg and Cayman Islands, and one of the strongest global providers in our industry. We further strengthen our market position in key jurisdictions and expand our global network by adding an office Nassau, the Bahamas. ATC’s quality, experience, professional staff and ambitious approach to servicing quality clients mirror the Intertrust culture. We look forward to working with the ATC team and enjoying further success based on our joint capabilities.

Johan Lont, CEO of ATC, added:

We believe becoming part of Intertrust Group is an excellent step forward. We share the strategic vision to become the leading, high quality global services provider of our industry. Our combined service offering and network of offices will further strengthen our capabilities to support our clients in all key international business locations across Asia, Europe and the Americas. Effectively, as a combined group we will be the service provider of choice for clients that seek the most professional and highest quality support for their business.

David de Buck will remain CEO of the enlarged Intertrust Group whereas Johan Lont, CEO of ATC Group, will remain with the combined group as Non-Executive Director within the Intertrust Management Board.

The acquisition is subject to regulatory approval and is expected to be completed in the coming months.


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