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Intertrust NV (INTER.AS)

INTER.AS on Amsterdam Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Intertrust Acquires Viteos For USD 330 Million
Tuesday, 18 Jun 2019 

June 18 (Reuters) - Intertrust NV ::REG-INTERTRUST ACQUIRES VITEOS FOR USD 330 MILLION.ENTERPRISE VALUE OF USD 330 MILLION, RESULTING IN A POST-SYNERGY MULTIPLE OF 8.0X FYE MARCH 2019 EBITDA.SIGNIFICANT NET RUN-RATE ANNUAL COST SYNERGIES OF APPROXIMATELY USD 22 MILLION EXPECTED PRIMARILY FROM OFFSHORING.ROIC EXPECTED TO EXCEED INTERTRUST'S WACC BY 2021 AND REACH DOUBLE-DIGITS BY 2022.MID-SINGLE DIGIT EPS ACCRETION EXPECTED BY 2020 WITH DOUBLE- DIGIT ACCRETION EXPECTED BY 2021.MEDIUM-TERM GUIDANCE INCREASED TO REFLECT ENHANCED REVENUE GROWTH AND COST SYNERGIES.FOLLOWING RECEIPT OF REGULATORY APPROVALS, SIMULTANEOUS SIGNING AND CLOSING OF TRANSACTION OCCURRED ON 17 JUNE 2019.AGGREGATE ONE-OFF COSTS OVER PERIOD TO DELIVER SYNERGIES ARE ESTIMATED AT APPROXIMATELY USD 30 MILLION.INTERTRUST IS INCREASING ITS MEDIUM-TERM GUIDANCE.ADJUSTED EBITA MARGIN OF AT LEAST 40% FOR 2021 (INCREASED FROM AT LEAST 38%), FROM AT LEAST 36% IN 2019 (UNCHANGED).4-6% UNDERLYING REVENUE GROWTH YEAR-ON-YEAR.CAPEX AROUND 2% OF REVENUE IN MEDIUM-TERM (UNCHANGED) AND UP TO 3% IN EARLY YEARS TO DELIVER CENTRES OF EXCELLENCE.DIVIDEND POLICY AND TARGET LEVERAGE RATIO REMAIN UNCHANGED.  Full Article

Intertrust Hires Ian Lynch As Chief Commercial Officer
Monday, 1 Apr 2019 

April 1 (Reuters) - INTERTRUST NV ::INTERTRUST HIRES FORMER BNP PARIBAS EXECUTIVE IAN LYNCH AS CHIEF COMMERCIAL OFFICER.  Full Article

Intertrust Selected By FlexFunds As Global Service Provider For Asset Securitisation Program
Monday, 11 Mar 2019 

March 11 (Reuters) - INTERTRUST NV ::FLEXFUNDS ANNOUNCES INTERTRUST AS GLOBAL SERVICE PROVIDER FOR ITS ASSET SECURITISATION PROGRAM.  Full Article

Intertrust Starts Partnership With Viteos
Tuesday, 5 Mar 2019 

March 5 (Reuters) - INTERTRUST NV ::STARTING A PARTNERSHIP WITH VITEOS FUND SERVICES LTD.AS PART OF THE AGREEMENT, INTERTRUST HAS NAMED VITEOS AS PREFERRED PROVIDER TO SUPPORT THE COMPANY'S TECHNOLOGICAL INNOVATION.  Full Article

Intertrust To Acquire ABN Amro's Escrow And Settlement Business
Thursday, 7 Feb 2019 

Feb 7 (Reuters) - INTERTRUST NV ::INTERTRUST TO ACQUIRE ABN AMRO'S ESCROW AND SETTLEMENT BUSINESS.TRANSACTION IS SUBJECT TO REGULATORY APPROVALS AND IS EXPECTED TO COMPLETE IN Q3 2019.ACCOUNT BANK SERVICES REMAIN WITH ABN AMRO WHO WILL CONTINUE TO PROVIDE THIS SERVICE TO BUSINESS..  Full Article

Intertrust Q4 adjusted EBITA 50.0 million euros
Thursday, 7 Feb 2019 

Feb 7 (Reuters) - INTERTRUST NV ::REG-INTERTRUST REPORTS Q4 AND FY 2018 RESULTS.REVENUE INCREASED 3.3% UNDERLYING YEAR-ON-YEAR TO EUR 132.7 MILLION.Q4 ADJUSTED EBITA AMOUNTED TO EUR 50.0 MILLION.Q4 ADJUSTED EPS DECREASED 2.4% TO EUR 0.41.GUIDANCE 2019 REITERATED.WE WILL PROPOSE A FINAL DIVIDEND OF EUR 0.32 PER ORDINARY SHARE.Q4 STRONG CASH FLOW GENERATION OF EUR 69.5 MILLION.  Full Article

Blackstone Sells 7.7 Million Intertrust Shares
Tuesday, 25 Sep 2018 

Sept 25 (Reuters) - INTERTRUST NV ::MAJOR SHAREHOLDER BLACKSTONE <<>> PLACES 7.7 MILLION SHARES OF INTERTRUST WITH INSTITUTIONAL INVESTORS.SHARES PLACED AT AT EUR 15.65 PER SHARE.FOLLOWING THIS TRANSACTION, BLACKSTONE OWNS 6.87% OF INTERTRUST SHARES.  Full Article

Intertrust Bookrunner Says 7.7 Mln Intertrust Share Placing Priced At EUR 15.65 Per Share
Monday, 24 Sep 2018 

Sept 24 (Reuters) - Intertrust NV Bookrunner::INTERTRUST NV PLACING: BOOKRUNNER SAYS 7.7 MILLION INTERTRUST SHARE PLACING PRICED AT EUR 15.65 PER SHARE.  Full Article

Intertrust Bookrunner Says C.7 Mln Share Placing On Behalf Of Blackstone, DB, ABN
Monday, 24 Sep 2018 

Sept 24 (Reuters) - Intertrust NV Bookrunner::INTERTRUST NV PLACING : BOOKRUNNER SAYS C. 7 MILLION SHARES ON BEHALF OF BLACKSTONE. DB AND ABN.INTERTRUST NV PLACING : BOOKRUNNER SAYS SELLER AGREED REMAINING SHARES IN INTERTRUST HELD BY BLACKSTONE TO BE SUBJECT TO 60 DAY LOCK-UP.  Full Article

Intertrust Granted TCSP Licence In Hong Kong
Thursday, 13 Sep 2018 

Sept 13 (Reuters) - INTERTRUST NV ::ANNOUNCES BEING GRANTED TRUST OR COMPANY SERVICE PROVIDER LICENCE IN HONG KONG.  Full Article

Deals of the day-Mergers and acquisitions

June 18 The following bids, mergers, acquisitions and disposals were reported by 2020 GMT on Tuesday: