TMF Group CEO Frederik van Tuyll
The TMF Group is lining up one of the biggest flotations on the London Stock Exchange this year and has announced plans to relocate to London.
TMF Group is a leading global provider of compliance and administrative services to over 15,000 clients worldwide including Netflix and LinkedIn.
The businesses services firm is hoping to raise £303m from the listing and will sue the cash raised to pay off existing debt and reduce leverage.
TMF has also announced that it will relocate its head office to London from Amsterdam following the listing, despite the uncertainty surrounding Brexit.
Frederik van Tuyll, chief executive officer of TMF Group said: "TMF Group operates a unique global platform.
“We offer premium, business critical compliance and administration services to companies of all sizes operating all over the world.
“Given the rapidly changing and increasingly complex regulatory environments in which these companies must operate, our global presence and trusted local expertise are highly sought after.
“We have approximately 7,000 employees on the ground in 125 offices from London to Shanghai and from Jakarta to Bogota serving the needs of over 15,000 clients.
"Looking forward, we continue to see a number of highly favourable drivers for our business, which when combined with our growth plans, gives the board confidence in our future prospects.
"Within this context, an IPO is the next logical step for TMF Group. It will enhance our profile with existing and potential clients, provide us with access to capital markets for future growth and enhance our ability to attract and retain the best talent in our industry."
Richard Hanson, non-executive chairman of TMF, added: "This announcement is another important milestone in TMF Group’s exciting growth story.
“We have a differentiated business operating across 83 jurisdictions, with a high proportion of recurring revenues, a proven M&A track-record, significant future potential and a highly experienced management team.
“Becoming a publicly listed company will provide TMF Group with the heightened profile and enhanced transparency that will help us extend and build long term relationships with customers, regulators and business partners all over the world."