Dutch Tax Advisor Intertrust Plans IPO
September 21 2015 - 6:00AM
Dow Jones News
By Josie Cox
Intertrust, a Dutch-based company that specializes in tax and
regulatory compliance advice, on Monday announced its plan to list
on the Amsterdam stock exchange.
The company said it aims to raise approximately 475 million
euros ($536 million) through the offering, with which it aims to
repay some of its debt.
The IPO will "increase our name recognition and brand awareness
among our client base, business partners such as international law
firms, accountants, financial institutions and institutional
investors around the globe," the company's Chief Executive Officer
David de Buck said in a statement.
He added that it will also strengthen the company's ability "to
attract and retain the best people in this business."
Blackstone Group LP (BX) currently owns 74% of Intertrust.
The IPO will comprise a public offering in the Netherlands and a
private placement to certain institutional investors
internationally.
Deutsche Bank AG (DB) and UBS Group AG (UBS) are acting as joint
global coordinators and joint bookrunners for the offering,
Intertrust said. Lazard is acting as financial adviser to the
company and shareholders.
Write to Josie Cox at josie.cox@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
(END) Dow Jones Newswires
September 21, 2015 05:45 ET (09:45 GMT)
Copyright (c) 2015 Dow Jones & Company, Inc.
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