IK Investment Partners (IK), a Pan-European private equity firm, has signed an agreement with a group of investors including Reggeborgh Groep to acquire a majority stake in Vistra Group (Vistra), an international trust and corporate service provider.
The transaction is the result of an exclusive process and will be largely financed by equity provided by IK and management. Terms of the agreed sale, which is subject only to regulatory approval, were not disclosed.
Vistra provides a full range of administrative solutions for corporate structuring and for wealth protection, and its clients include large international corporations, high net worth individuals and institutional investors from around the world.
As a private equity firm with an active ownership strategy, IK says it intends to fully support management with funds and hands on assistance in further growing the company through an active buy-and-build strategy.
“We expect the developments in the trust and corporate services sector to generate attractive opportunities for market consolidation,” says Kristiaan Nieuwenburg, Partner at IK and head of the Benelux investment team. “We are excited to back Vistra’s entrepreneurial management team, who have successfully created a well positioned platform to participate in this consolidation process.”
“We want to thank Reggeborgh Groep and our other investors for their support and belief in us right at the start,” says Bart Deconinck, CEO of Vistra Group. “We are very excited to have IK on board as a new shareholder and partner who will support us in the next steps of our development.”