UK's ICG buys control of Belgian IT group Trustteam from Rivean

What's the deal? Intermediate Capital Group (ICG)Dealroom has a profile for this one. Try Dealroom →, a British investment firm, has acquired a majority stake in Belgian IT group TrustteamDealroom has a profile for this one. Try Dealroom → from investment fund RiveanDealroom has a profile for this one. Try Dealroom →. ICG becomes the new lead shareholder alongside founder and chief executive officer Stijn Vandeputte. The deal value was not disclosed.

Who's involved? Trustteam is a Kortrijk-based IT group. RiveanDealroom has a profile for this one. Try Dealroom →, the outgoing owner, is passing the baton to ICG.

Why it matters: ICG is the fifth financial owner in a row for Trustteam, and its seventh external partner since the company was founded.

The signal: The steady rotation of private equity owners points to sustained investor appetite for mid-market IT consolidation, with Trustteam changing hands yet again while its founder stays on.

Read more: tijd.be

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