Dutch based investor Administor has acquired KiK Financial & Tax Advisers, a renowned financial administrative services provider based in Groenekan, the Netherlands. De Metz (Peter Visser and Marlon van der Maat) acted for Administor.
Administor is an independent investor focusing on strong financial administrative services providers, managed by seasoned entrepreneurs with the ambition to realise expedited growth and to play an active role in market consolidation.
The market for financial administrative services providers in the Netherlands is big (approx. EUR 2 billion) and growing and with over 12,000 players still very fragmented. Market trends such as ageing, necessary investments in digitalization and inherent economies of scale are increasingly important drivers for market consolidation. Administor responds to this consolidation trend by investing in businesses with growth potential.
KiK Financial & Tax Advisers boasts an excellent reputation with business clients in Groenekan and its surrounding region. The firm is known for its high quality services and personal approach.
Vinod Raghoebarsing of Administor will take over the day-to-day leadership of KiK from Maarten and Margreet de Jong-Jonker.