TMF Group, a leading provider of compliance and administrative services, today announced the acquisition of Goodbody Fund Management (“GFM”), part of Goodbody Stockbrokers UC (“Goodbody”), one of Ireland’s leading financial services firms. Completion of the transaction is subject to regulatory approval.
In operation since 2013, GFM and the Property Investment Management team provide tailored fund solutions to Alternative Investment Funds (AIFs) and Undertakings for Collective Investment in Transferable Securities (UCITS), as well as property investment management services. GFM is a regulated AIFM and UCITS management company (“ManCo”) with extensive experience in managing funds for institutional clients.
The acquisition represents a strategic step in TMF Group’s expansion in the Irish market, allowing TMF Group to continue to build a high quality, fast-growing funds business. As a result, TMF Group will now administer more than $225bn worth of assets on behalf of its global fund manager client base.
For this transaction, the sellers were advised by Goodbody Corporate Finance (M&A) and Arthur Cox (legal). TMF Group was advised by Simmons & Simmons (legal) and EY (Finance & Tax).
Media Enquiries: TMF Group
Giampaolo Arghittu, Senior Global External Communications Manager, TMF Group
Giampaolo.arghittu@tmf-group.com
Tel: +39 3349479584
About TMF Group
With some 10,000 in-house experts across 125 offices across 86 plus jurisdictions worldwide, TMF Group is the leading provider of critical compliance and administrative services serving corporates, financial institutions, asset managers and family offices and providing the combination of accounting, tax, payroll, compliance and entity management services essential to global business success.
Together we deliver a broad portfolio of consistent, integrated but localised services covering the business administrative essentials of accountancy and tax; HR administration, global payroll and employee benefits; and global entity management, corporate secretarial and regulatory compliance. Rapid response consultancy solutions support cross-border projects large and small, at every stage, across all our disciplines, and in every market. Specialised teams support fund and capital markets administration and private wealth and family offices. Because we know how to unlock access to some of the world’s most attractive markets – no matter how complex – swiftly, safely and efficiently, over 60% of the Fortune Global 500 and FTSE 100, and almost half the top 300 private equity firms, use us.
TMF Group – we make a complex world simple. For more info: www.tmf-group.com
About GFM
GFM provides tailored fund solutions to Alternative Investment Funds (AIFs) and Undertakings for Collective Investment in Transferable Securities (UCITS), and also provides property investment management services. For more information on the services provided by GFM, please visit: https://www.goodbody.ie/for-business/goodbody-fund-management
About Goodbody
Goodbody is a leading financial services firm serving and growing client relationships for nearly 150 years. Goodbody is a full service, investment-led business offering wealth management, asset management and investment banking services. Services are provided from four offices across Ireland and UK, employing 360 staff.
For more information on the services provided by Goodbody, please visit: https://www.goodbody.ie/