The Blackstone Group has acquired Dutch tax consultancy Intertrust from Waterland Private Equity for a reported €675m.
The purchase price was estimated by the Dutch daily Het Financieele Dagblad and amounts to almost 9x net sales, which stand at €75m. The deal remains subject to approval by the relevant regulatory authorities....
New combined entity will generate revenues in excess of €300m
Investment marks the fourth round of funding for the UK-based tyre replacement business
Deal marks the fund’s second transaction executed on a stand-alone basis
Backers include existing investors Capnamic Ventures and Iris Capital, as well as business angels