CSC, the U.S.-based provider of business, legal, tax, and digital brand services, has reached a conditional agreement on a recommended public offer for all issued and outstanding ordinary shares of Intertrust, the Netherlands-based administration and corporate services provider that has USD460bn AuA. Earlier in 2021 CVC, a UK private equity firm, abandoned a bid for Intertrust, which led to multiple expressions of interest from third parties. CSC cautioned that there are no assurances that a transaction will be finalised.
