“IEA’s proprietary technology platforms will offer benefits to all Alter Domus’ clients and significant revenue synergy potential, allowing Alter Domus to offer IEA’s tech-enabled services to the combined global client base. The transaction adds 22 specialists in alternative investment asset servicing and fund administration to the group and more than $54bn of assets under administration. IEA provides operational support and experience in accounting, technology and operations spanning application development, systems integration and delivery of full lifecycle system implementations. “We are pleased to bring on the IEA team and the incredible technology platform they have built and mastered over the years in our third US acquisition in six months,” he said. Our unique heritage as a Luxembourg-based fund administrator with more than 50% of clients in the US has always been a source of strength for our global client service capabilities,” said Alter Domus group CEO Doug Hart in a statement. “North America continues to be one of the strongest growth markets for Alter Domus. We are proud to serve 17 of the 30 largest private equity houses and 16 of the 30 largest real estate firms in the world.The move comes roughly six months after the company acquired Strata Funds in Salt Lake City, a leading fund administrator serving US private equity and venture capital funds. This international network enables clients to benefit globally from the expertise of more than 650 experienced professionals active in fund administration, corporate secretarial, accounting, consolidation, tax and legal compliance and debt administration services. Founded in Luxembourg in 2003, Alter Domus has continually expanded its global service offer and today counts 28 offices and desks across four continents. Our vertical integrated approach offers tailor-made administration solutions across the entire value chain of investment structures, from fund level down to local Special Purpose Vehicles. For more information, go to About Alter DomusĪlter Domus is a leading global provider of Fund and Corporate Services, dedicated to private equity houses, real estate firms, multinationals, private clients and private debt managers. Thomson Reuters shares are listed on the Toronto and New York Stock Exchanges. We combine industry expertise with innovative technology to deliver critical information to leading decision makers in the financial and risk, legal, tax and accounting, intellectual property and science and media markets, powered by the world's most trusted news organization. Thomson Reuters is the world's leading source of intelligent information for businesses and professionals. "We are pleased to be working closely with Alter Domus to provide a solution that helps them to meet their needs and allows them to grow their business while enhancing their customer experience and enabling their clients to meet FATCA requirements." "Firms like Alter Domus are facing increasing reporting, regulatory and compliance demands," said Laurence Kiddle, managing director, Corporate Markets (EMEA) for the Tax & Accounting business of Thomson Reuters.
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