TMF Group customer back office in action
As the number of complex global transactions increases, a gap in capability has arisen between law firms and transaction advisors who are now giving a seat at the table to the only firm that can conquer cross-border complexity on a global scale at the local operating level.
From our base of 120 wholly-owned offices, covering 80 or so jurisdictions, around 7,800 TMF Group experts are dedicated to unlocking access to some of the world’s most attractive markets. No matter how complex, we do this swiftly, safely and efficiently.
Our innovative combination of fiduciary, company secretarial, entity management, accounting and tax and HR and payroll services, enables us to shoulder the compliance burden, taking care of the thousand and one administrative details that could stop your new entities trading.
That’s what we like and do best, leaving integration PMOs, private equity operating partners and our fellow professional advisors to get on with what they like and do best.
Stepping in to deliver effective operating models – even when we have been called in a little late.
#1 Transitioning an accounting, tax compliance back office and payroll service for a private equity-backed industrials business – one of the largest leveraged buyouts in the last decade.
Transition service agreements |
Countries |
Entities |
Employees |
from 12 to 24 months
|
20
|
24
|
10,000
|
#2 Supporting a global private equity firm buying several units from one of the world’s premier transnational consumer goods companies with the comprehensive corporate secretarial services needed to support the lean, in-house legal team. Provided back-office services spanning company secretarial, directorships and accounting and tax to meet strict deal closure deadlines. Post-close, our global payroll services were added to the mix, all of which continue today.
Transition service agreements 1 |
Countries |
Entities |
Employees |
6 months
|
45
|
84
|
4,000
|
Transition service agreements 2 |
Countries |
Entities |
Employees |
6 months
|
11
|
24
|
1,400
|
Transition service agreements |
Countries |
Entities |
Employees |
6 months
|
47
|
84
|
4,000
|
#3 Implementing a locally-compliant financial reporting system in unfamiliar markets for a US-based Fortune 50 healthcare services provider in six months.
Transition service agreements |
Countries |
Entities |
Employees |
None
|
20
|
24
|
3,000
|
#4 Helping the US division of a Japanese firm double in size and address the complexity of a significantly expanded global footprint with an accounting and tax function, entity activation and payroll to support the newly globalised operation.
Transition service agreements |
Countries |
Entities |
Employees |
None
|
35
|
54
|
3,000
|
#5 Taking entity incorporation, started by a law firm, to the critical fully entity activation – or ‘operational readiness’ – stage for a large global private equity firm buying a division from an international conglomerate. Comprehensive back-office solution integrated local payroll, accounting and tax and regulatory compliance with global, corporate back-office processes.
Transition service agreements |
Countries |
Entities |
Employees |
None
|
45
|
63
|
3,000
|
#6 Aiding an executive search client in crisis, initially responding to the vacuum left by the parent’s payroll provider which was not geared up to covering diverse personnel numbers across a complex international footprint. The engagement extended into full entity activation deploying accountancy and tax, and corporate secretarial back-office services.
Transition service agreements |
Countries |
Entities |
Employees |
Six weeks to completion
|
25
|
41
|
3,000
|
#7 Expediting deal completion through full entity activation across accounting and tax and company secretarial and payroll, after an industrial safety consultancy found that a global approach to back- office provision had not been equal to local realities, resulting in several delays.
Transition service agreements |
Countries |
Entities |
Employees |
5 months
|
30
|
56
|
700
|
With specialist project management services always at the ready, we are geared up to support clients with back-office crises in a heartbeat – but we prefer early partnerships to secure elegant transitions from parent to full independence.