The Amsterdam-based business, which was acquired by HgCapital in March 2011, posted a gross IRR of 37 per cent. During HgCapital’s ownership, the company achieved annual growth in EBIDTA and revenues of 14 per cent and 11 per cent respectively.
HgCapital said its services team identified the fiduciary services segment as a high growth and robust market four years ago.
Head of theservices team at HgCapital Matthew Rourke said, “We had a simple investment thesis of focusing on higher value corporate clients, and supporting accelerated organic growth through investment in sales resource and training.
“Strong execution from the industry’s leading management team means we have seen a real acceleration in both revenues and profits in our ownership period.
“The success of our investment in ATC comes in large part from years of adhering to our sector focused investment strategy, which enables us to identify strong companies with outstanding growth potential and then support management to achieve those objectives.”
Earlier this month it was reported that HgCapital put the previously reported sale German Smurf toymaker Schleich on hold.
Earlier this year the firm closed its latest private equity fund, HgCapital 7, on £2bn.
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