The provider of expert advisory and administrative support to fund, corporate, capital market and private wealth clients, on 9 September announced the sale and purchase agreement (SPA) with Australian-based Leydin Freyer, a corporate governance, accounting, and company secretarial services firm.

With nearly 5,000 professionals in over 45 jurisdictions, the agreement--which is subject to the approval of the Australian Foreign Investment Review Board--will double the size of Vistra’s operations in Australia and expand its footprint across Australia’s two largest cities, Sydney and Melbourne, where Leydin Freyer is also based.

“We are thrilled for this opportunity to bring together two organisations where there is a strong cultural and values-based alignment in providing superior service to our clients,” said Jonathon Clifton, Vistra’s regional managing director, Asia-Pacific.

Melanie Leydin, the founder and managing director of Leydin Freyer decribed the deal as an opportunity to access doors to “new possibilities for both our clients and colleagues”, who will be able to access Vistra’s global network.  The press statement also indicated that general manager Simon Davis will remain with the business and join Vistra.

Vistra employs around 230 staff at its Luxembourg office in Kirchberg.