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Apex Group to expand Japan presence with AXESS Accounting Office acquisition

24 July 2023

Apex Group Ltd. (“Apex Group” or “The Group”), a global financial services provider, today announces its agreement to acquire AXESS Accounting Office (“AXESS”), a leading provider of Corporate Services to the Japanese market.

AXESS supports over 300 domestic and international clients with a full suite of Corporate Services, including Tax Compliance and Tax Advisory. Today’s announcement follows Apex Group’s longstanding partnership with AXESS to service Real Estate and Private Equity clients in Japan.

Following completion of the acquisition, the AXESS team of 30 local tax experts will join Apex Group, which is led in Japan by Country Head, Mark Bennett. Apex Group entered the Japanese market in 2022 with the acquisition of Sanne Group and delivers an expansive range of Financial and Corporate Services in the region to asset managers, corporates, financial institutions, private clients and family offices via an existing network of regional offices in China, Hong Kong, and Singapore.

Apex Group’s existing Corporate and Business Services, including US, UK, Australian and Luxembourg Tax Services, are differentiated in the market by offering clients a choice of fintech and data-enabled solutions to achieve greater efficiency, scalability and flexibility in their operations. Through this acquisition, AXESS’ clients will now benefit from the efficiency of Apex Group’s single-source solution, including access to a broad range of services including Digital Banking, Depositary, Custody, Fund Raising Services, and pioneering ESG Ratings and Advisory Solutions, offered globally and delivered locally.

This acquisition follows Apex Group’s recent announcement of the planned acquisition of global proptech and technology provider Retransform, as the business continues to strengthen its service and technology offering to deliver innovative solutions in new way for Real Estate clients.

Peter Hughes, Founder and CEO of Apex Group comments: “Having worked closely with AXESS to offer complementary local services to our Japanese clients, we are delighted to add to our existing presence in Japan. We see the continued growth of Japan’s Real Estate and Private Markets, and relatively low levels of outsourcing, as a compelling strategic growth opportunity for our business. The addition of the AXESS team will supplement our strong organic growth story in the broader Asia-Pacific region, as we deliver exceptional, locally embedded solutions to our clients. We look forward to welcoming AXESS’ talented employees and valued clients to Apex Group in Japan, and to provide them with powerful, technology-enabled tools to drive their growth.”

Masanori Sakaguchi, President and CEO of AXESS Accounting Office further comments: “We are proud of the business we have built over the last two decades, focused on delivering exceptional client service and driven by an entrepreneurial spirit. We are confident that the acquisition of AXESS by Apex Group will benefit our clients through the provision of new and global solutions to enable their continued success. Peter and the team share our high standards of client service and we are committed to ensuring a seamless transition.”

The planned acquisition of AXESS is subject to customary closing conditions. Financial terms of the transaction are not disclosed.

About Apex Group

Apex Group Ltd., established in Bermuda in 2003, is a global financial services provider. With over 94 offices worldwide and 12,000+ employees in 38 countries, Apex Group delivers an expansive range of services to asset managers, financial institutions, 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, super ManCo and fund raising services, corporate services including HR and Payroll and a pioneering ESG Ratings and Advisory solution. Apex Group’s purpose is to be more than just a financial services provider and is committed to driving positive change to address three core areas; the Environment and Climate Change, Women’s Empowerment and Economic Independence, Education and Social Mobility.


Press contact:

Apex Group: Antonia Powell, Head of Media Relations | Antonia.powell@apexfs.com


About AXESS Accounting Office:

AXESS Accounting Office was started in November 2002 by Masanori Sakaguchi, a former member of the tax division of Arthur Andersen's Tokyo office. Since its establishment, the firm has expanded its practice with a focus on venture businesses, foreign-owned companies and the individual income tax affairs of foreign residents in Japan. The firm currently has an office in Otemachi, the centre of business in Japan, and employs 30 staff. In the course of expanding its business, the firm has become the most experienced in the accounting and taxation of special partnership structures such as Limited Liability Partnerships (LLP) and Collaborative Innovation Partnerships (CIP).  It has already been providing tax services to Apex Group clients for almost four years since 2019, covering more than 200 SPCs.


Press contact:

info@axess-bs.com | +81 (3) 6225 2595

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