Amsterdam-based ATC provides fiduciary, management and administration services to multinational corporations, financial institutions and fund managers.
The company sets up and maintains corporate structures that allow the efficient intra-group movement of cash and/or balance sheet management, e.g. divisional holding companies or acquisition bid vehicles.
Corporate structures typically last for seven to ten years and need to comply with legal, accounting and tax regulations in multiple jurisdictions, a complex task for clients to manage themselves. ATC uses functional expertise and economies of scale to provide these services for a fraction of the cost of in-house provision.
Hg completed the sale of ATC to Intertrust in June 2013, for an enterprise value of €303 million. This realisation represents an investment multiple of approximately 2.2x original cost and a gross IRR of c. 37% over the two-year investment period for Hg’s clients.