TMF Group acquires Maltese tax adviser

Fund administration firm TMF Group has continued its global expansion with the acquisition of Malta-based Avanzia Taxand for an undisclosed fee.

Avanzia Taxand is part of global tax advisory organisation Taxand. It provides a range of tax advisory and compliance services and specialist corporate services, including domiciliation, accounting and directorship services.

Completion of the acquisition is subject to regulatory approvals.

The acquisition further expands Netherlands-based TMF Group’s operations in Malta, where it has been operating for more than a decade, and the wider southern Europe region.

“This acquisition represents a strategic move that will strengthen TMF Group’s market position in South East Europe, expand our product offerings and provide new opportunities for growth and innovation,” said TMF Group’s head of EMEA Frank Welman.

Earlier this month, TMF Group acquired FIDD to expand its presence in Latin America. That deal followed similar acquisitions of Goodbody and PartnersAdmin, expanding the firm’s footprint in Ireland and North America, respectively.