IK Partners takes majority stake in corporate service provider Trustmoore
The British private equity firm IK Partners has acquired a majority stake in Trustmoore. The purchase of the Dutch corporate service provider was supported by a broad group of M&A advisers.
Founded in 2005 in Curaçao and headquartered in Amsterdam, Trustmoore is a provider of fund and corporate services. The company specialises in management, compliance, administration and corporate services. Trustmoore employs around 275 professionals, serving more than 800 clients across 10 countries, with the Benelux as its core market.
Through its partnership with IK Partners, Trustmoore will, according to CEO Wouter Plantenga, be able to accelerate its growth by expanding its capabilities, professionalising the organisation, and entering new markets.
“This transaction positions us even better to support our clients through growth, increasing regulatory complexity and cross-border activity, while maintaining the personalised service and specialist expertise they expect from Trustmoore. We look forward to working with the IK Partners team during the next phase of our company’s journey.”
Steven Melkman and Roland Beunis, the co-founders of Trustmoore, said that IK Partners was selected because “they share our long-term vision, commitment to quality and client-first approach”.
IK Partners also has a proven track record in the financial services landscape. The investor has previously supported companies such as Vistra Group (Benelux), Advisense (Nordics), Qconcepts (Benelux), Dains (UK), Valoria Capital (France), iM Global Partner (France) and Yellow Hive (Benelux) in strengthening their positions in their respective markets.
The M&A advisers
The transaction was advised by Nomura and Clearwater as financial advisers, while KPMG and Deloitte conducted the financial due diligence. Kroll provided financial consultancy, while Meijburg & Co (part of KPMG) and Deloitte provided tax advice. The legal sides of the deal were handled by Houthoff and Osborne Clarke.
The financial details of the transaction have not been disclosed. Trustmoore will continue to operate under its existing brand, strategy and leadership.
