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UNQUOTE
  • Portfolio management

IK's Vistra buys HVK

  • Ellie Pullen
  • 19 December 2013
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IK Investment Partners-backed Vistra Group has acquired the HVK Family Office Services (HVK FOS) division of Netherlands-based consultancy firm HVK.

The asset will become part of Vistra's recently launched family office services division.

IK Investment acquired a majority stake in Vistra in August 2009, investing via its €1.675bn Industri Kapital 2007 fund. Barclays provided a debt package for the transaction.

IK Investment then merged Vistra with Offshore Incorporations to create the OV Group in 2011.

Luxembourg-headquartered Vistra employs around 350 staff across 29 offices, providing administrative services for corporate structuring and wealth protection. The company was founded in 2006.

Company
Founded in 2011 and headquartered in Amsterdam, HVK is an independent consultancy firm advising in the areas of tax structuring, legal and notarial services, financial advisory services and family office services.

The company's family office services division provides structural and asset maintenance advice to the family offices of high-net-worth individuals and families.

HVK FOS will be rebranded under the Vistra umbrella in the first quarter of next year.

People
Jac Veeger is the director of HVK FOS and will become head of family office services in the Netherlands for Vistra. Sjaak ten Hove is the Netherlands managing director at Vistra and will become the global head of family office services.

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