TMF Group, a provider of compliance and administrative services, has acquired Goodbody Fund Management, a part of Goodbody Stockbrokers UC, an Irish financial services firm.

GFM, in operation since 2013, provides tailored fund services for alternative investment funds, undertakings for collective investment in transferable securities, and property investment management services. The deal marks a step forward for TMF Group’s expansion in Ireland and will now administer over $225B in assets.

“The acquisition is a fundamental part of a continuing growth story for TMF Group and a strategic intent to develop and grow its global fund services business,” says Daniel Max, head of global solutions at TMF Group. “GFM adds high quality funds capability to TMF Group’s portfolio of services in Ireland, helping it to increase its share of this growing market. This deal is part of TMF Group’s drive to further grow its fund services business and the deal follows a successful series of acquisitions by TMF Group in Luxembourg (Selectra), in Brazil in 2022 (Paraty Capital) and in the United States (VBO in 2021 and PartnersAdmin in 2023).”

For this transaction, the sellers were advised by Goodbody Corporate Finance (M&A) and Arthur Cox (legal). TMF Group was advised by Simmons & Simmons (legal) and EY (Finance & Tax).