
HgCapital backs the buyout of ATC Group
HgCapital has agreed to acquire a majority stake in Dutch provider of corporate services to industrial and financial multinational ATC Group.
The value of the buyout, which is pending regulatory clearance, is undisclosed. However, it is known that HG Capital Trust Plc, the listed vehicle which gives private and institutional investors the opportunity to participate in all of HgCapital's investments, will contribute approximately £10.3m to the investment.
Founded over a century ago, Amsterdam-based ATC Group is a specialist provider of fiduciary, management and administration services to large companies, financial organisations and entrepreneurs.
HgCapital sourced the opportunity through proprietary means and completed the deal on an off-market basis.
The unquote" team is currently researching this transaction. In-depth deal information for subscribers will follow shortly.
If you have any information regarding this transaction, please contact Julian Longhurst on +44 20 7004 7449 or julian.longhurst@incisivemedia.com
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