M&A Deal Summary

Intertrust Acquires Elian Group

On June 6, 2016, Intertrust acquired financial services company Elian Group from Epiris and Electra for 435M GBP

Acquisition Highlights
  • This is Intertrust’s 1st transaction in the Financial Services sector.
  • This is Intertrust’s 0th largest (disclosed) transaction.
  • This is Intertrust’s 1st transaction in Channel Islands.

M&A Deal Summary
Date 2016-06-06
Target Elian Group
Sector Financial Services
Buyer(s) Intertrust
Sellers(s) Epiris
Electra
Deal Type Add-on Acquisition
Deal Value 435M GBP

Target

Elian Group

Jersey, Channel Islands
Elian Group provides trust, fund and company administration services to multi-national corporations, financial institutions, high net worth individuals, family offices and fund managers. Elian Group was founded in 1999 and is based in Jersey, Channel Islands.

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Buyer(S) 1

Buyer

Intertrust

Amsterdam, Switzerland
Category Company
Founded 1952
Sector Business Services
Employees4,091
Revenue 564M EUR (2020)
DESCRIPTION

Intertrust is a provider of high-end legal and financial administrative services to corporations, funds, financial institutions, and private individuals from every corner of the world. Intertrust was founded in 1952 and is based in Amsterdam, the Netherlands.

DEAL STATS #
Overall 4 of 5
Sector (Financial Services) 1 of 1
Type (Add-on Acquisition) 4 of 5
Country (Channel Islands) 1 of 1
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-08 CorpNordic Holding AB

Stockholm, Sweden

CorpNordic is a Nordic provider of company management services. CorpNordic is an agent in bonds issuances and other loans, administers foundations and private equity funds, offers depositary and compliance services and provides specialized HR and payroll services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-18 Viteos Fund Services

Somerset, New Jersey, United States

Viteos Fund Services LLC is a provider of middle- and back-office technology and services for the investment management industry. The company leverages a proprietarily built technology platform to provide a range of post-trade accounting and operational solutions covering over 20 asset classes and 10 investment strategies. Viteos Fund Services was formed in 2003 and is based in Somerset, New Jersey.

Buy -

Seller(S) 2

SELLER

Epiris

London, United Kingdom

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1976
PE ASSETS 1.5B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

Electra Partners is a UK-based private equity firm focused on buyouts, co-investments, secondary fund purchases, and debt investing. The Firm's direct investing group looks to make majority or minority investments of £40 to £150 million in deals valued up to £500 million. Electra was formed in 1976 and is based in London.

DEAL STATS #
Overall 40 of 51
Sector (Financial Services) 3 of 3
Type (Add-on Acquisition) 13 of 17
Country (Channel Islands) 1 of 1
Year (2016) 2 of 4
Size (of disclosed) 3 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-04 Daler-Rowney

Bracknell, United Kingdom

Daler-Rowney Ltd. is one of the largest suppliers of fine art materials in the world with a comprehensive product range including artists’ paints, brushes, papers and canvases which meet the needs of artists from beginners to professionals.

Sell €81M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-10 Allflex Europe

Roxburghshire, United Kingdom

Allflex Europe is a designer, producer and distributor of animal intelligence and monitoring technologies for livestock, pets, fish and other species. It designs, produces and distributes a variety of products such as radio‐frequency identification (RFID) and visual ear tags, tissue sampling devices, RFID implants, monitoring devices, milk meters, and other farm management equipment. Allflex Europe was founded in 1973 and is based in Roxburghshire, United Kingdom.

Sell -
SELLER

Electra

London, United Kingdom

Investor

Category Private Equity Firm
PE ASSETS 800M GBP
Size Large
Type Sector Agnostic
DESCRIPTION

Electra is an investment trust quoted on the London Stock Exchange that specializes in private equity investments. Electra's primary focus is on opportunities across Western Europe in a broad array of industries. Electra Private Equity is based in London.

DEAL STATS #
Overall 22 of 32
Sector (Financial Services) 3 of 4
Type (Add-on Acquisition) 7 of 11
Country (Channel Islands) 2 of 2
Year (2016) 3 of 6
Size (of disclosed) 7 of 18
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-29 Kalle Group

Wiesbaden, Germany

Kalle Group is a supplier of industrially produced casings for meat, poultry, and other protein products. In addition to its innovative range of value-added casings, it creates a steady stream of new and customized solutions that enable new types of products. Kalle uses its technological and innovative edge to accelerate the pace of development - both in existing markets and in many emerging markets in Latin America, Eastern Europe, and Asia. Kalle Group was founded in 1863 and is based in Wiesbaden, Germany.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-10 Allflex Europe

Roxburghshire, United Kingdom

Allflex Europe is a designer, producer and distributor of animal intelligence and monitoring technologies for livestock, pets, fish and other species. It designs, produces and distributes a variety of products such as radio‐frequency identification (RFID) and visual ear tags, tissue sampling devices, RFID implants, monitoring devices, milk meters, and other farm management equipment. Allflex Europe was founded in 1973 and is based in Roxburghshire, United Kingdom.

Sell -
Mergr

Product

Company

Legal