Seller Details:
Vasco Trustees is one of Australia’s largest fund services providers across domestic and international markets. Vasco Trustees provides a complete range of fund services including fund establishment, trustee, fund administration, compliance and licensing, and corporate services solutions.
Buyer Details:
TMF Group is a leading provider of critical administrative services, helping clients invest and operate safely around the world. With over 11,000 experts and 127 offices in 86 jurisdictions worldwide serve corporates, financial institutions, asset managers, private clients, and family offices, providing the combination of accounting, tax, payroll, fund administration, compliance and entity management services essential to global business success. TMF work with 60% of the Fortune Global 500 and FTSE 100, and almost half the top 300 private equity firms, covering sectors as diverse as capital markets, private equity, real estate, pharmaceuticals, energy, and technology.
Transaction Summary:
Through this acquisition, TMF Group will be offering a one-stop-shop solution to its funds and other institutional clients, further strengthening its funds management capabilities. Patrice Lo, TMF Group’s Singapore, Australasia & Malaysia Market Lead commented “This acquisition highlights the immense potential of the Australian market and TMF Group’s everlasting commitment to growth in this region. It also represents an opportunity to onboard a to-ptier establishment with funds management portfolio for the benefits of our clients.”
Patrick Nyahwo, TMF Group’s Head of Fund Services Australia, said “This deal further displays the strengths of TMF Australia. We passionately believe that combining our resources and expertise with Vasco Trustees’ talented team will lead to even greater success and a more robust future for our operations in the country.” Craig Dunstan, Vasco’s Managing Director and Joint Founder added “This strategic alliance marks a significant milestone in Vasco Trustees’ 15-year history. We are honoured to become part of a global platform with increased career opportunities and extensive global clients and capabilities. This integration will also allow us to continue our tradition of providing the best service for our clients.”