Rivean Capital to acquire a majority stake in Trustteam from Ardian.

Rivean Capital, a European mid-market private equity firm, agreed to acquire a majority stake in Trustteam, an IT managed services provider, from Ardian, an asset management firm. Financial terms were not disclosed. "Over the last years, we have significantly accelerated our development and have further professionalized the group, tripling the revenues of the company. We would like to express our gratitude to the Ardian Expansion team for their continuous support and guidance over the past years. We look forward to starting a new chapter with our partner Rivean Capital who have demonstrated an outstanding understanding of our business and full compatibility with our culture," Stijn Vandeputte, Trustteam Founder & CEO.