Intertrust Group

In 1952, NV Trust Corporation Pierson, Heldring & Pierson was incorporated in Curaçao by Pierson, Heldring & Pierson. In 1975, AMRO Bank acquired Pierson, Heldring & Pierson and ABN Bank acquired Mees & Hope Bankers. After the merger of ABN Bank and AMRO bank into ABN AMRO in 1991, Pierson, Heldring & Pierson and Mees & Hope Bank were merged into MeesPierson in 1993. The trust and corporate management services activities were branded as MeesPierson Trust.{{cite book | url=https://www.abnamro.com/en/images/Documents/010_About_ABN_AMRO/History/Mees_Pierson_UK.pdf | title=Historisch Archief | publisher=ABN AMRO}}

In 1997, MeesPierson was acquired by Fortis.{{cite web | url=https://www.wsj.com/articles/SB851288174210864000 | title=Fortis Acquires MeesPierson For $1.43 Billion from Amro | publisher=Wall Street Journal | date=23 December 1996 | accessdate=19 April 2016 | author=Du Bois, Martin}} In 2002, MeesPierson acquired Holland Intertrust Corporation and rebranded as MeesPierson Intertrust. The company adopted its owner's name in 2006 and rebranded as Fortis Intertrust.{{cite web | url=http://www.iomtoday.co.im/news/business/meespierson-adopts-fortis-intertrust-name-1-1757900 | archive-url=https://web.archive.org/web/20160427052346/http://www.iomtoday.co.im/news/business/meespierson-adopts-fortis-intertrust-name-1-1757900 | url-status=dead | archive-date=April 27, 2016 | title=Meespierson Adopts Fortis Intertrust Name | publisher=IOM Today | date=22 May 2006 | accessdate=19 April 2016 }}

In June 2009, Fortis Intertrust was rebranded as Intertrust. It was sold to Dutch investor, Rob Thielen's, Waterland Private Equity Investments{{cite web |website=Quote |title=Rob Thielen (Waterland) koopt Fortis Intertrust |date=4 September 2009 |url=http://www.quotenet.nl/Nieuws/Rob-Thielen-Waterland-koopt-Fortis-Intertrust-27721}} for a reported price of either €210 million{{r|volkskrant}} or €250 million.{{cite web |first=Henk Willem |last=Smits |title=Fortis Intertrust was een koopje voor Waterland |website=Quote |url=http://www.quotenet.nl/Nieuws/Fortis-Intertrust-was-een-koopje-voor-Waterland-27719|language=Dutch}}

In December 2012, Blackstone Group announced that it would acquire Intertrust from Waterland Private Equity Investments, which was completed in April 2013.{{cite news |newspaper=Reuters |title=Blackstone buys Dutch trust firm Intertrust |date=5 December 2012 |url=https://www.reuters.com/article/us-blackstone-intertrust-idUSBRE8B40BE20121205}}{{cite news |url=https://www.nrc.nl/handelsblad/2015/10/14/gesloten-intertrust-moet-deramen-nu-wel-openzetten-1547699 |title=Gesloten Intertrust moet de ramen nu wel openzetten |trans-title=Closed Intertrust must now open its windows |first1=Teri van der |last1=Heijden |first2=Menno |last2=Tamminga |date=14 October 2015 |newspaper=NRC Handelsblad|language=Dutch}} Reports stated that Blackstone paid €675 million for Intertrust.{{Cite news |title=Blackstone neemt Intertrust over |newspaper=de Volkskrant |date=8 December 2012 |url=http://www.volkskrant.nl/dossier-archief/blackstone-neemt-intertrust-over~a3360048/|language=Dutch}}

Intertrust held its initial public offering in September 2015 in Amsterdam, expecting to raise €475 million.{{cite web | url=https://www.bloomberg.com/news/articles/2015-09-21/intertrust-expects-to-raise-537-million-in-amsterdam-ipo | title=Blackstone's Intertrust Expects to Raise $537 Million in IPO | publisher=Bloomberg Business | date=21 September 2015 | accessdate=19 April 2016 | author=De Jong, David}} In October 2015, shares of Intertrust N.V. started trading on the Euronext Amsterdam Stock Exchange at an issue price of €15.50 per share. In total, Intertrust's IPO raised about €486 million. The company's profits decreased from €6.3 million in 2014 to €2.6 million in 2015 due to increased competition on the Cayman Islands.{{r|winst}}{{cite news |first=Gerard |last=Reijn |title=Maatregelen tegen belastingontwijking gaan multinationals geld kosten |trans-title=Anti-tax evasion measures will cost multinationals money |url=http://www.volkskrant.nl/economie/-maatregelen-tegen-belastingontwijking-gaan-multinationals-geld-kosten~a4241987/ |newspaper=De Volkskrant |date=10 February 2016|language=Dutch}}

In November 2022, the US-based Corporation Service Company (CSC) completed its acquisition of Intertrust for $2 billion.{{cite web |url=https://delawarebusinesstimes.com/news/csc-closes-intertrust/ |title=CSC closes $2B Intertrust acquisition |date=9 November 2022 |last=Owens |first=Jacob |website=Delaware Business Times}}{{Cite web|url=https://www.cscglobal.com/service/press/csc-finalizing-acquisition-of-intertrust-group/|title=CSC Finalizes Acquisition of Intertrust Group|date=2022-11-07|website=CSC|language=en-US|access-date=2022-11-07}}

In June 2013, Intertrust announced that it would acquire ATC for $397 million, which was completed in December 2013.{{cite web | url=http://www.internationallawoffice.com/Deals/2013-06-03/Intertrust-Group-Holding-SA-to-acquire-ATC-Group-BV | title=Intertrust Group Holding SA to acquire ATC Group BV | publisher=International Law Office | accessdate=19 April 2016 | archive-date=2016-07-29 | archive-url=https://web.archive.org/web/20160729200638/http://www.internationallawoffice.com/Deals/2013-06-03/Intertrust-Group-Holding-SA-to-acquire-ATC-Group-BV | url-status=dead }} In June 2015, Intertrust announced that it would acquire CorpNordic, which was finalised in August 2015.{{cite web | url=http://eubankers.net/article/32301/intertrust-completes-acquisition-of-corpnordic | title=Intertrust completes acquisition of CorpNordic | publisher=EU Bankers | accessdate=19 April 2016}} In 2016, the company announced that it would acquire Elian for $625 million in cash, shares and debt.{{cite web|url=https://www.reuters.com/article/us-elian-intertrust-m-a-idUSKCN0YS0HE|title=Dutch Trust Operator Intertrust Buys Elian for 435 Million Pounds|publisher=Reuters |first=Toby |last=Sterling|date=6 June 2016|access-date=22 July 2016}}

In June 2019, Intertrust announced the acquisition of technology solutions provider Viteos.{{Cite web|url=https://www.financialexpress.com/industry/intertrust-acquires-tech-solutions-provider-viteos-for-330-million/1613562/|title=Intertrust acquires tech solutions provider Viteos for $330 million|date=2019-06-20|website=The Financial Express|language=en-US|access-date=2019-06-25}}

Intertrust is headquartered in Amsterdam, Netherlands. The company's operational offices are in the Netherlands, Luxembourg, the Cayman Islands, Jersey and Guernsey.{{r|gesloten}} It has other locations in North America, South America, Europe, Asia and the Middle East, totaling 41 offices in 30 countries.{{cite web|url=https://uk.finance.yahoo.com/news/intertrust-announces-rebranding-elian-061602490.html |title=Intertrust announces rebranding Elian|date=12 December 2016|publisher=GlobeNewswire}} The company manages the administration of some 40,000 "entities",{{r|winst}} nominally housed at its Dutch offices.{{cite news |title=Aantal brievenbusbv's in Nederland blijft groeien |trans-title=Number of mailbox firms in Netherlands keeps on growing |newspaper=De Volkskrant |date=13 October 2015 |url=http://www.volkskrant.nl/economie/aantal-brievenbusbv-s-in-nederland-blijft-groeien~a4161782/|language=Dutch}}

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• {{official|https://www.intertrustgroup.com}}

Category:Financial services companies established in 1952

Category:Financial services companies of the Netherlands

Category:Companies based in Amsterdam

Category:2022 mergers and acquisitions