HONG KONG, Nov. 6, 2014 /PRNewswire/ -- Vistra Group, a leading global provider of corporate and trust services, including company formation and fund administration services, today announced the acquisition of Trinity Corporate Services ('Trinity').
Trinity, founded in 2004, has grown rapidly to become a market leader in Poland and the Central and Eastern Europe (the CEE), in the management and accounting outsourced services sector, providing services for over 900 multinational clients. In addition, Trinity's wholly-owned fund services business, OFIZ, administers assets in excess of EUR 12 billion, making it the largest service provider in Poland.
With offices in Warsaw, Krakow, Wroclaw, Poznan, Sofia, Bucharest, Prague, Bratislava and Budapest, Trinity specialises in providing cost-effective and time-efficient solutions for company formations, accounting, payroll and HR outsourcing services, as well as corporate secretarial and other corporate and trust administration services.
Commenting on the acquisition, Tom Ravensdale, CEO of Trinity said, "I am really proud to embark on this new chapter for Trinity. With the combined portfolio of Vistra Group and Trinity, we are better prepared to serve the needs of our clients beyond the CEE as well as provide a broader suite of services to clients in the region. Our clients and business partners are now able to access global solutions via our local offices."
With the completion of the transaction, Vistra Group will be operating in an additional nine offices in six new jurisdictions, taking on board over 300 Trinity employees. Trinity will be rebranded as Vistra during the coming months.
Martin Crawford, CEO of Vistra Group added, "This deal complements our strategy as a 'best in class' global service provider and contributes to our continued global organic growth. Having Trinity on board strengthens and broadens the range and geographic spread of services we can offer to our existing and potential clients and business partners. We very much look forward to working with our new colleagues and welcoming Tom onto the broader Vistra management team."
For further information, please contact:
Telephone: +44 1534 504742
Trinity Corporate Services
Telephone: +48 22 205 6554
About the Vistra Group
Vistra Group, ranked among the top 4 service providers globally, is a versatile group providing a uniquely broad range of services and solutions, from international incorporations, to trust, fiduciary and fund administration services. As a leading global player with expert industry knowledge and location specialists Vistra has a deep understanding of the professional worlds of our clients and a proven track record of offering highly versatile solutions, providing the people, processes and products that help our clients get the most from their international business.
OIL is the vanguard in international incorporations and related services. OIL has over 25 years of success in maximising and leveraging strong and close partnerships and trusted connections with clients and intermediaries, facilitating their business development and navigating jurisdictions globally. With highly experienced professionals, rigorous processes and leading technical teams, OIL is the trusted choice for clients and business partners in the coverage of jurisdictions worldwide.
Comprising of two key brands, Vistra and OIL, we employ over 1,000 professionals across 22 jurisdictions.
About Trinity Corporate Services
Trinity is an independent provider of outsourced management and accounting administrative services in Central and Eastern Europe.
With offices in Warsaw, Krakow, Wroclaw, Poznan, Sofia, Bucharest, Prague, Bratislava and Budapest, Trinity provides cost effective and time efficient solutions for company formations, accounting, tax compliance, payroll and HR, corporate secretarial and other administrative issues.
Trinity has built an impressive client base which includes multinational corporations, property investment funds, private equity funds and high net worth individuals. What is more, the company has developed strong working relationships with the major international audit, law and advisory firms.
SOURCE Vistra Group