Blackstone Will Pay a Reported $883M for Intertrust

The Blackstone Group has agreed to buy Dutch tax consultancy Intertrust for a reported 675 million euros ($883 million). Blackstone agreed to buy Intertrust from Dutch private equity firm Waterland in a deal expected to close in coming months after obtaining regulatory approvals, Intertrust said on its web site. No financial details were given but Dutch daily Het Financieele Dagblad estimated Blackstone paid about 675 million euros, citing market talk of a price of about nine times Intertrust's gross operating profit.

DealsNorth AmericaUSBriefs