Vistra doubles international expansion services business with acquisition of US-market leader Radius

PR73286

HONG KONG, April 26, 2018 /PRNewswire=KYODO JBN/ --

Vistra, one of the world's leading providers of international incorporations,

trust, fiduciary, private office and fund administration services, today

announced it has entered an agreement to acquire Radius, a specialist US-based

provider of international expansion services. Vistra is acquiring Radius from

the private equity firm Hg.

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The transaction doubles Vistra's International Expansion Services (IES)

business, making it a market leader in IES services, including the number one

market position in the USA. Vistra's IES business helps clients navigate

expansion into new markets, including establishing offices, obtaining the

necessary licensing to operate in foreign markets and ongoing services, such as

compliance and payroll.

Radius, headquartered in Boston with offices across the United States and in

the United Kingdom, India, China, Singapore, Brazil and the Netherlands,

provides managed services, advisory services and OverseasConnect, its

integrated cloud-based software platform, to more than 500 clients operating in

80 countries. The firm has 880 employees globally. Radius is led by CEO Stephen

M. Chipman, who will become the Group Managing Director of Vistra's IES

business.

Following the acquisition, Vistra will have a global IES team of 1,300

employees and a support network of over 3,300 staff, operating in over 70

offices and 40 jurisdictions.

Martin Crawford, CEO of Vistra, said: "The Radius team has developed a highly

successful global business, which is a natural fit with Vistra's IES

operations. Joining forces means our clients will have the highest quality

people, technology and processes to help them grow with confidence when they

are expanding internationally. We are delighted to welcome Stephen and his team

to the Vistra family."

Stephen Chipman, CEO of Radius, said: "The combination of Vistra and Radius

creates a leading global provider of quality international expansion services.

Vistra is the ideal partner for Radius given our values and culture align so

closely. We are excited about the future opportunities for our clients and

employees."

Radius will be rebranded under the Vistra brand following completion of the

transaction.

Annex: Biographies

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Martin Crawford, CEO of Vistra

Martin Crawford, Chief Executive Officer of Vistra, joined the OIL Group as CEO

in 2009, and led the successful merger of OIL with Vistra in 2011. As the CEO,

Martin leads the firm towards its aspiration to become the 'best in breed'

among the global players in terms of client opinion and as a place to work. He

is involved in managing the financial performance of the Group, the

interactions with our majority shareholder and the setting and execution of the

Group's strategy, with a specific focus on building relationships with

strategic clients and M&A projects.

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Stephen Chipman, CEO of Radius

Stephen Chipman, Chief Executive Officer of Radius, is a recognized global

leader and experienced CEO with a lifelong passion for international business

and successful global growth. Before joining Radius, Stephen capped his 34-year

career with Grant Thornton as CEO in the U.S. where he led the $1.5 billion

firm through the post financial crisis period, returning it to growth with

double-digit increases in revenue and profitability. Prior to this role,

Stephen was CEO of Grant Thornton in China where he headed the restructuring of

start-up operations to create a national firm with more than 2,500 people in 17

offices. A U.S. and British citizen, Stephen is a certified public accountant

in Illinois and Texas as well as a chartered accountant in England and Wales.

He is based in the Radius Boston, MA headquarters.

Editor Notes

Ranked in the top four corporate service providers globally, Vistra is a

versatile group of professionals, providing a uniquely broad range of services

and solutions. Our capabilities span across company formations to trust,

fiduciary, private client services, and fund administration. Vistra employs

over 3,300 employees across over 40 jurisdictions.

For more information, please visit www.vistra.com

Media Contact:

Vistra

Sylvia Evans

Sylvia.Evans@vistra.com

+852 2848 0295

Radius

Melinda Babin

Melinda.Babin@radiusww.com

+1 857 770 1767

Teneo Strategy

Dan Chan

Dan.Chan@teneostrategy.com

+852 3655 0519

SOURCE Vistra Group