The deal means Vistra; a provider of trust, fiduciary, private office, international incorporations and fund administration services, effectively doubles its presence in the international expansion market.
Vistra’s existing IES business helps clients navigate expansion into new markets, including establishing offices, obtaining the necessary licensing to operate in foreign markets and ongoing services.
Boston-headquartered Radius has offices in India, China, Singapore, Brazil and the Netherlands. It provides managed services, advisory services and OverseasConnect, its cloud-based software platform, to more than 500 clients operating in 80 countries.
The firm has 880 employees globally. Radius’s chief executive, Stephen Chipman, 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.
Radius will be rebranded under the Vistra brand following completion of the transaction.
Details of the acquisition from the private equity firm Hg were not disclosed.