CSC, a leading firm providing legal, tax, as well as digital and business services across the world, has recently announced that it has finished its acquisition of TCS-Groep, a service provider of alternative investment funds (AIFs), based in Netherlands.

The acquisition had been announced on November 4, 2019 first and was further finalized receiving regulatory approval on March 31, 2020. The acquisition expands CSC’s abilities for alternative investment managers while earning a physical presence in some other European financial centers. The other European offices serving the fund managers of CSC are located in Dublin, London and Luxembourg.

The purchase has followed a number of strategic investments and hires that CSC had recently made, which also includes the organic set-up and recruitment for the Fund Administration business across the APAC and U.S. markets.

The Senior Vice President of CSC, John Hebert commented that besides expanding the company’s capabilities in Europe, the purchase emphasizes its competitive advantage of having been an independent and privately held service provider. The company’s long term stability, as well as its client-centric approach, is extremely valued by the fund clients while making sturdy cultural fits between the organizations.

Herbert further continued that TCS has a notable track record and is quite similar to the culture of the company. The combination of the shared reputation and offerings for high-quality service will be creating a unique offering within the marketplace daily, and especially during the time of major challenges.

The acquisition will involve Liam McHugh overseeing the Fund Administration business as a managing director of CSC across Europe. CSC has gathered the trust of various clients from across the world and has been an unwavering partner of more than 60% of the 100 leading alternative asset managers globally.

Herbert added that the company is looking forward to being a one team now that the acquisition has been completed while the addition of TCS will offer a specialist expertise to the clients.

Source Credit- https://www.cscglobal.com/service/csc/press-csc-acquires-tcs-groep-in-the-netherlands/