Financial services provider Intertrust has entered into discussions with private equity firm CVC Capital Partners over a voluntary investment offer by a company controlled by investment funds advised by CVC.
The offer is for all issued and outstanding shares of Intertrust at an indicative price of €18 in cash per share, which according to International Adviser values the Dutch business at €1.63bn (£1.4bn).
That would be a 43% premium on Intertrust’s closing price of €12.56 on 11 November, according to Reuters.
If the deal goes ahead, CVC plans to combine Intertrust with Dutch multinational professional services provider TMF Group, which the private equity firm acquired in 2017 for around €1.8bn.
Intertrust commented: “The outcome of the discussions regarding the proposed transaction is uncertain and there can be no assurance a transaction will materialise from these discussions. Further announcements will be made if and when appropriate.”