TMF Group, the leading provider of compliance and administrative services, will acquire Goodbody Fund Management, part of Goodbody Stockbrokers Group, one of Ireland’s leading financial services firms. Completion of the acquisition is subject to regulatory approval and will represent a strategic step in TMF Group’s expansion in the Irish market as well as increasing the value of assets which TMF administers to $225 billion.
With over 9,000 employees across 85 countries, 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.
Goodbody Fund Management is a Dublin-based regulated AIFM and UCTIS management company providing tailored fund solutions to Alternative Investment Funds and Undertakings for Collective Investment in Transferable Securities, as well as property investment management services with extensive experience in managing funds for institutional clients.
Max Dijkstra, Senior M&A Manager at TMF Group said: “The Simmons team provided responsive and commercially-driven advice at every step of the way and their strong industry knowledge was clearly demonstrated by their ability to guide us through the complexities to a successful outcome.”
The Simmons & Simmons team was led by Corporate partner David Brangam and Funds partner James McKnight with assistance from Jennifer Watters, Geoff Curran and Andrew Fullen (Corporate), James Cullinane and Jennie Ng (Funds), Derek Lawlor and Peter Martin (Regulatory), Martin Phelan (Tax) and Jeffrey Horahan (Data Privacy).
Commenting on the deal, David Brangam said “It has been a pleasure working with the great team at TMF Group on this complex and exciting acquisition. The deal further showcases Simmons’ market leading capabilities on M&A in the funds space.”