CSC acquired TCS-Groep
TCS-Groep, a services provider to alternative investment funds (AIFs), is acquired by CSC, a world leader in global business, legal, tax and digital brand services. The transaction is subject to regulatory approval in the Netherlands.
With the acquisition, TCS-Groep can leverage the international network of CSC and realize its ambitious growth plans. The acquisition of this Netherlands based business extends CSC’s capabilities for global financial market (GFM) clients and gives it a physical presence in another leading European financial center.
PhiDelphi supported the shareholders of TCS-Groep in the transaction. Birgitte van den Broek, shareholder and CEO of TCS-Groep: “We were very pleased with the support of Willem Daris and Koen Crolla. The deal has been effectively executed and it has been very beneficial that we could leverage on the track record of Willem. This helped especially in being optimally prepared for the Due Diligence phase and with the final negotiations.” PhiDelphi Partner Willem Daris previously advised on the transactions of Intertrust, TMF Group, SGG and Orangefield.
Willem Daris: “It has been a great pleasure to work on this transaction with Birgitte and the team. TCS-Groep is a strong and reputable company with an excellent niche position in the market for which there was a lot of interest. We are very pleased that we could support the shareholders to find a partner with an excellent strategic fit.“
TCS-Groep (www.teslincs.nl) is a leading and reputable service provider in the Netherlands that offers fund-administrative and depositary services to asset managers of alternative investments. Services by the company are characterized by long-term customer relationships, a stable workforce and first in class systems. While asset managers can concentrate on their core tasks, TCS-Groep assures smooth and compliant operations on the background. TCS-Groep takes great pride in being the largest non-banking depositary service provider in the Netherlands; as a depositary TCS-Groep actively communicates with its clients so as to add real value to its operations, while securing proper fulfilment of all legal requirements. TCS-Groep holds licenses from the Dutch Central Bank (DNB) as well as from the Authority Financial Markets (AFM).
CSC (www.cscgfm.com) is a leading provider of specialized administration services to alternative asset managers across a range of fund strategies, capital markets participants in both public and private markets, and corporations requiring fiduciary and governance support. The company is the partner for 90% of the Fortune 500, nearly 10,000 law firms, and more than 3,000 financial institutions.