Vistra acquires Radius for international expansion services
Vistra in April 2018 acquired Radius, a U.S.-based provider of international expansion services.
Vistra is a provider of international incorporations, trust, fiduciary, private office and fund administration services, and will be acquiring Radius from the private equity firm Hg.
Radius provides managed services, advisory services and OverseasConnect, its integrated cloud-based software platform, to more than 500 clients operating in 80 countries. The firm is headquartered in Boston with offices across the United States and in the United Kingdom, India, China, Singapore, Brazil and the Netherlands; it has 880 employees globally.
Radius is led by CEO Stephen M. Chipman, who will become the Group Managing Director of Vistra’s IES business.
This transaction doubles Vistra’s International Expansion Services (IES) business, making it the number one in the USA. It 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.
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.