Friday, 28 August, 2009

IK Investment Partners acquires majority stake in Vistra Group

IK Investment Partners (""IK""), a Pan-European private equity firm, has signed an agreement with a group of investors including Reggeborgh Groep to acquire a majority stake in Vistra . This change of investor does not affect the ongoing operations of Vistra Group which will continue to provide the high level of service which its clients are accustomed to. Importantly, the current management team remains in place and is still a significant shareholder.

As a private equity firm with an active ownership strategy, IK is the ideal partner to take Vistra onto the next stage of its ongoing development and intends to fully support Vistra with both funds and hands-on assistance ensuring further growth through an active buy-and-build strategy.

Kristiaan Nieuwenburg, Partner at IK and head of the Benelux investment team, commented: ""We expect the developments in the trust and corporate services sector to generate attractive opportunities for market consolidation. We are excited to back Vistra’s entrepreneurial management team, who have successfully created a well positioned platform to participate in this consolidation process.""

Bart Deconinck, CEO of Vistra Group, commented: ""We want to thank Reggeborgh Groep and our other investors for their support and belief in us right at the start. We are very excited to have IK on board as a new shareholder and partner who will support us in the next steps of our development.

""Building on our past experiences, we will focus on applying our successful buy-and-build strategy to further capitalise on the growth opportunities in our industry by entering into new geographies and expanding into new service areas. Our long-lasting client relationships will not undergo any changes and the whole team will continue to provide the same services as in the past, benefiting from the support and international reach of IK.""

For more information please contact Bart Deconinck or Yolanda Garcia

Read the full press release in English
Read the full press release in Dutch