Vistra Announces Latest Acquisition in Luxembourg

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May 02, 2012, 04:48 ET

LUXEMBOURG, May 2, 2012 /PRNewswire/ --

Vistra, a leading global provider of corporate, trust and fund administration services announced today that it had finalised agreement on the purchase of the Luxembourg based HT Group.

Founded in 1992, HT Group is a fast growing company formation, accounting and verification service provider employing 10 staff. The company specialises in delivering personal solutions to owner-managers and high net worth individuals from around the world, especially in the English speaking community and offers a range of services including tax compliance, salary, company accounting and verification services.

Commenting on the acquisition, Ivo Hemelraad, Managing Director of Vistra Luxembourg, said: "We are looking forward to welcoming the staff and clients of HT Group to the Vistra network. HT Group's experience, focus and skill set matches closely Vistra's own activity in Luxembourg and Europe. In particular, their auditor skills and status as Réviseur d'Entreprises Agrée will add greatly to the Group. By combining our resources and expertise, we are now well positioned to build new business relationships across Europe. We are anticipating demand for our enlarged portfolio of services both from within our own European intermediary networks and from HT Group's existing contacts and clients."

Karl Horsburgh, Managing Director of HT Group, adds: "We are delighted to be joining the Vistra Group and believe that in particular, their global reach, expertise in fund administration and strengths in areas such as compliance and regulation will be vital to support future growth in our businesses. Culturally, both our companies are very similar, which will make the task of integration that much easier. Clients will retain their existing contacts in the new enlarged company, which will help to ensure business continuity."

The enlarged Vistra Luxembourg company will be led by Managing Director Ivo Hemelraad.

Karl Horsburgh will be a consultant to the Management Team and continue as a Réviseur d'Entreprises Agrée. His main responsibilities will be focused on business development.

For more information on Vistra Luxembourg please visit http://www.vistra.com or contact Ivo Hemelraad, email [email protected] or Karl Horsburgh on email [email protected]

About Vistra Group

Vistra is a leading independent provider of trust, fiduciary, corporate and fund services delivering personal and tailored solutions to international corporations, institutional investors and high net worth individuals from around the world.

Our clients can benefit from a multi-jurisdictional and personal approach, delivered by a team of professionals with an in-depth understanding of the often complex needs of every client. Our services include company formation and management, fund formation and administration, trustee services, family office, marine and aviation and accounting services.

Today Vistra employs around 350 employees in 23 offices covering 19 jurisdictions, with each of our offices providing the full range of fund, trust, corporate and estate planning solutions.

Vistra is a unique player in the trust and fiduciary industry, boasting the most balanced geographic reach globally while always guaranteeing the personal and tailored service that our clients deserve.

Together, we bring to life the Vistra ethos of "Crossing Borders, Creating Solutions".

Vistra is part of the OV Group, which includes Offshore Incorporations (OIL), Asia's leading company formation specialist and Vistra. The OV Group employs circa 500 professionals and is the 3rd biggest provider worldwide of trust and corporate services.

For further information please visit http://www.vistra.com

Media Contacts:
Guy Stephenson/Jennifer Duffy
Nacelle Ltd
+44(0)20-8333-9125
[email protected]

SOURCE Vistra