Matthias Gutknecht, Philip Christ, Gabi Roeder-Illies (Prime Alliance Consulting Group): Acquisition of ILBA Fiduciaire: First Mover Advantage
Long-standing cooperation between Prime Alliance Consulting (the parent of Andersen Tax S.à.r.l. and Paddock Corporate Services S.A.) and ILBA Fiduciaire S.à.r.l. has been formalized with the acquisition of the Echternach-based tax and accounting specialists that, with its German-speaking client base, expands Prime Alliance’s access to new international opportunities.
How was the idea of acquiring ILBA Fiduciaire S.à.r.l. born?
Matthias Gutknecht, Partner and Office Managing Director at Andersen Tax S.à.r.l., says there was already an enduring relationship between the partners of the firms with a history of cooperation on dealings with individual clients. “We saw integrating ILBA as an opportunity to access a team of highly-qualified and motivated specialists. It allows us to take the next step to position ourselves in the Luxembourg market. We are very pleased to have found in Gabi a new partner in our organization. It will help drive our efforts to increase diversity, both with regard to governance and service offering. It’s a win-win situation: it provides us with an additional location outside Luxembourg-City while reinforcing the team to serve German-speaking clients and granting access to a worldwide network and expertise in international transactions.”
“It’s a win-win situation: it provides us with an additional location outside Luxembourg-City while reinforcing the team to serve German-speaking clients and granting access to worldwide network and expertise in international transactions.”
What will the benefits of this new collaboration be for your clients?
Philip Christ, Partner and Head of Corporate Services at Paddock Corporate Services S.A. says that the integration of ILBA will allow clients to benefit from the broad array of expertise building up under the roof of Prime Alliance Consulting Group. “It will lead to the optimization and harmonization of client processes and the creation of synergies that will benefit each member of the expanded group.” He adds that the acquisition will strengthen Prime Alliance’s local market presence by offering accounting and tax services to small, medium and large size enterprises and private individuals in both Luxembourg and Germany.
What new types of services are your clients accessing?
From the effective date of the new relationship, on New Year’s Day next year, Gabi Roeder-Illies, Founder and Managing Partner of ILBA Fiduciaire S.à.r.l. says, “Clients will recognize the familiar and personal interactions that are the confirmation of many years of diligent work rendering high-quality services to our clients. But they will also feel the advantages of the new flexibility of action of the new unit as they gain access to the expertise and international network of Andersen and Paddock Corporate Services.” In particular, the acquisition will allow for the extension of payroll-related services and additional expertise in serving commercial clients and individuals.