FTC Trust acquired

Vistra, a leading global provider of corporate, trust and fund administration services has acquired FTC Trust in the Netherlands, following approval of the deal from the Dutch Central Bank on 14 March 2012.

The acquisition will bring Vistra’s staff numbers in the Netherlands to 60, with FTC Trust expected to be rebranded under the Vistra umbrella during the second quarter of this year.

Founded in 1990, FTC Trust has built up a strong reputation in the market over the last twenty years with a management team that combines over 75 years’ experience. In 2006, FTC Trust moved to its new Head Office in the prestigious World Trade Centre hub at Amsterdam’s Schiphol Airport. With additional offices in The Hague, Antwerp and Brussels, FTC Trust provides international clients with a comprehensive range of services including company formation, management and domiciliation and corporate services.

Blenheim represented all the selling shareholders of FTC trust, the target-company on the deal. Mr. Jeroen P.P. Latour founding partner of the Amsterdam based corporate niche law-firm Blenheim acted as leader of the Blenheim M&A team. Mr. Jeroen P.P. Latour commented: “It was a very pleasant experience and a fruitful working relation with the representatives of Vistra. The completed transaction is obviously a win-win result for all parties involved. The biggest challenge was managing the intense time schedule, due to the fact that parties wanted to consummate the cooperation on the shortest possible notice.”