
IK’s Vistra buys HVK
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.
Latest News
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Multi-family office has seen strong appetite, with investor base growing since 2016 to more than 90 family offices, Meiping Yap told Unquote
Permira to take Ergomed private for GBP 703m
Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO
Partners Group to release IMs for Civica sale in mid-September
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
Change of mind: Sponsors take to de-listing their own assets
EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater