TMF Group

TMF Group

Industry	Professional services
Founded	1988
Headquarters	Amsterdam, Netherlands
Key people	Hugo van Vredenburch (CEO), Frederik van Tuyll (COO), Gordon Stuart (CFO)
Services	Accounting and reporting services Corporate secretarial services Structured finance services International VAT & IPT Services Intellectual property licensing and collection services Human resource and payroll administrative services Domiciliary and management services Escrow services International incorporation services Process agent services Registrar and shareholder services Fund administration services Real Estate Investment services Private client services
Revenue	€ 414 million (2014)[1]
Number of employees	6,000+ (2015) in more than 100 offices
Slogan	Global reach, local knowledge
Website	TMF Group

TMF Group is a multinational professional services firm headquartered in Amsterdam, the Netherlands. The independent group provides accounting, tax, HR and payroll services to businesses operating on an international scale. TMF Group employs 5,500 employees and has 100 offices in over 80 jurisdictions.

History

The company was founded in The Netherlands in 1988,^[2] and has built a worldwide presence through a combination of organic growth and strategic acquisitions. Between 2006 and 2009, when Pernille Fabricius sat as Group CFO & COO and Board member, TMF Group made 47 acquisitions including departments of Ernst & Young, KPMG, Grant Thornton and Baker Tilly in countries like Brazil, Argentina, Mexico, China and Australia.^[3]

In October 2008, British private equity firm Doughty Hanson & Co bought TMF Group for €750 million.^[2] In January 2011, Doughty Hanson completed its €350 million acquisition of Equity Trust. This paved the way for TMF Group's merger with Equity Trust, which was completed at group level in June 2011.

In 2015, TMF Group acquired the Brazilian business process outsourcing unit from PwC, including delivery centers in Barueri, Rio de Janeiro and Ribeirão Preto, providing business process outsourcing services in finance & accounting, human resources, tax and compliance.^[4]

Service lines

The group's main services are accounting, tax, HR, payroll and corporate secretarial. Other services relates to structured finance, international structuring, international incorporations, fund administration, private equity, real estate investments and IP licensing and collection.

TMF Group caters for an international market. Its client base includes Fortune 500 and FTSE 250 companies, along with other listed multinational companies, insurance and real estate companies, financial institutions, pension funds, private companies and private clients.

References