AMSTERDAM May 5 TMF Group, the Dutch operator
of trust companies, is considering an initial public offering of
shares after the summer, the newspaper Het Financieele Dagblad
reported on Friday.
Owner DH Private Equity Partners has hired Goldman Sachs and
HSBC to lead the offering, the newspaper said, citing sources
close to the company.
On March 30 the company issued a statement saying it had
appointed unnamed advisers to help it "with assessing its
strategic and financial options, including the possibility of
conducting an initial public offering of TMF Group".
The company issued a similar statement in 2016 naming
Goldman Sachs as adviser, but an IPO never materialised.
DH Private Equity and TMF could not be reached for immediate
The company reported 2016 adjusted earnings before interest,
taxes, depreciation and amortisation (EBITA) of 138 million
euros on revenue of 529 million.
(Reporting by Toby Sterling; editing by Jason Neely)