Apex Group Receives Minority Investment
Apex Group Ltd., a Bermuda-based financial services provider, received a new strategic minority investment of undisclosed amount.
The deal was led by TA Associates and included Mubadala Investment Company and Carlyle. These firms have invested alongside existing investor Genstar Capital, a growth-oriented private equity firm, as well as Founder and CEO Peter Hughes and the Apex management team.
Apex is a global financial services provider with over 85 offices worldwide and 10,000 employees. It delivers an extensive range of services to asset managers, capital markets, private clients and family offices. The Group has continually improved and evolved its capabilities to offer a single-source solution through establishing the broadest range of services in the industry; including fund services, digital onboarding and bank accounts, depositary, custody and super ManCo services, business services including HR and Payroll and a pioneering ESG Ratings and Advisory service for private companies.
Following investment from Genstar in 2017, Apex Group has grown both organically and via strategic acquisitions. Including recently announced acquisitions, The group has increased its assets under administration from $50 billion to $2.75 trillion in assets serviced across administration, custody, depositary and under management, and delivered by 10,000 employees across over 85 offices in 42 markets worldwide (upon the close of recently announced acquisitions).