Disruptive Capital sells Gentoo for an expected 15x return
Disruptive Capital Finance has sold fund administration business Gentoo to Netherlands-based compliance services firm TMF.
Financial details were not disclosed. Disruptive Capital said it expected a 15x return on the exit. Gentoo was backed by the PE firm in 2011 in order to administer the spinout of the former SG Hambros trust business.
In the subsequent five-year holding period, Disruptive Capital acquired a Luxembourg firm to add to the business in Guernsey. Following regulatory approval, the sale is expected to be completed in the fourth quarter 2017.
Chaired by Edi Truell, Disruptive Capital is headquartered in London and specialises in early-stage and expansion investments. It primarily targets European companies in the cleantech, energy and biotechnology sectors.
Company
Gentoo was established in 2011 through the spinout of the PE department of SG Hambros Trust Company in the Channel Islands. Gentoo's current managing directors have worked together since joining SG Hambros in 1997.
Headquartered in Guernsey and with another office in Luxembourg, Gentoo specialises in the administration of regulated and unregulated funds and family office structures. It also offers depositary, corporate and domiciliation services. The company employs 40 staff.
People
Disruptive Capital – Edi Truell (chair).
Gentoo – Christine Whitehorne (co-founder).
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