ATC Group, an Amsterdam, the Netherlands-based provider of corporate services to multinational corporations and financial institutions, has received a majority investment of undiclosed amount from HgCapital.
With the transaction, funds managed by HgCapital will acquire a 61% stake in the company through the buy-out of three founder shareholders.
Founded in 1893, ATC Group provides fiduciary, management and administration services to multinational corporations, financial institutions, investment funds and entrepreneurs, across the most important financial international jurisdictions.
With the assistance of HgCapital, ATC Group will develop its market strategy, reinforcing its position in Europe with a significant presence in Asia.
The investment will complete in December 2010 following receipt of regulatory clearances. Upon completion, Johan Lont will join as CEO of ATC Group with Jan Scholts as CFO.