Announced
Completed
Financials
Tags
alternative asset management
Private Equity
hedge fund
Friendly
private debt
Acquisition
Private
United States
Completed
Hedge Funds
Single Bidder
Majority
Synopsis
Intertrust, a global provider of expert administrative services to corporate, fund, capital markets and private wealth clients completed its acquisition of Viteos Midco Holdings, a provider of technology solutions for US funds, from PPC Enterprises, 22C Capital and Viteos management for $330m. The deal completed on June 17 is expected to deliver mid-single-digit EPS accretion in the first full year of ownership and double-digit EPS accretion by 2021, including phased synergies. “Today I am thrilled to announce the acquisition of Viteos. This is a significant leap forward for Intertrust which will accelerate our strategy in every way." Stephanie Miller, Intertrust CEO.
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