Corporation Service Company Reaches Conditional Agreement to Acquire InterTrust
Posted on 12/06/2021
Corporation Service Company (CSC) is buying InterTrust N.V. under a conditional agreement for around 1.8 billion euros. There are no assurances that a transaction will be finalized. Further announcements will be made if and when appropriate.
Corporation Service Company was formed in 1899 and has headquarters in Wilmington, Delaware, USA, and with 3,000 employees in 13 countries across the globe. CSC claims that it has more than 180,000 corporate clients—including 90% of the Fortune 500, as well as nearly 10,000 law firms and more than 3,000 financial institutions. CSC is a provider of business, legal, tax, and digital brand services.
Intertrust is a publicly traded international trust and corporate management company based in Amsterdam, Netherlands. The company is best known for its fiduciary services, which includes tax, trust, business management and outsourcing processes. It is the largest trust office in the Netherlands. Intertrust’s origins date back to the incorporation of NV Trust Corporation Pierson, Heldring & Pierson in 1952.
Advisors
On behalf of CSC, Jefferies is acting as lead mergers and acquisitions financial advisor, Wells Fargo N.A. as assisting financial advisor, and Skadden, Arps, Slate, Meagher & Flom LLP and Houthoff Coöperatief U.A. as legal advisors.
