Intertrust N.V. completes acquisition of ElianSeptember 26, 2016
Following regulatory approvals, on 23 September 2016, Electra Private Equity PLC, completed the sale of Elian to Intertrust N.V. for £435 million.
The integration of Elian into Intertrust will commence immediately, with rebranding of Elian expected to take place before the end of the year.
With the addition of Elian, Intertrust is now present in 31 jurisdictions, with 42 offices and approximately 2,400 employees. Elian further reinforces Intertrust’s position as the global leader in the trust and corporate services sector by strengthening its Capital Markets and Private Equity & Real Estate Fund Administration Services, expanding its geographic presence to jurisdictions such as Jersey, and adding scale in other key locations like Ireland, the United Kingdom, and Cayman Islands.
Elian comprises c.25% of the combined group.