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Apex Group acquires US Real Estate services firm SandsPoint Capital Advisors

15 August 2022

Apex Group Ltd. (“Apex Group” or “The Group”), a global financial services provider, announces today the acquisition of SandsPoint Capital Advisors (“SandsPoint”), a leading US professional services firm to the Real Estate market.

SandsPoint provides advisory and consultancy services to alternative asset managers, with specialism in the Real Estate market. Outsourced services include Fund Accounting & Administration, Property Accounting & Administration, Portfolio Analysis, Treasury Services & Expense Processing, and are supplemented by Consulting and Strategy Advisory across projects and business processes. SandsPoint’s Real Estate clients will now benefit from Apex Group’s global, cross-jurisdictional reach and range of additional services including digital banking and ESG Ratings and Advisory.

The addition of the SandsPoint business deepens the Group’s existing Real Estate service offering in the US and will add assets under administration (“AuA”) of over $30bn, serviced by 70 employees, based in Dallas, Texas. This further builds on Apex Group’s recent organic growth in the Texas market to become one of the largest independent fund services providers by headcount in the State.

This strategic acquisition serves to further strengthen Apex Group’s offering for clients in the North American market and enhances its ability to offer a comprehensive and high-quality service to all client segments delivered by over 850 employees in the Americas. This follows the recent close of the acquisition of Sanne, which positions Apex Group as a global, top-tier independent service provider to almost $3 trillion in assets across administration, depositary, custody and under management, through its globally connected operating model across over 80 offices, supported by over 10,000 employees.

This latest announcement builds on Apex Group’s organic growth momentum in the Americas, and follows the expansion on the West Coast with the acquisition of Greenough Consulting Group (“GCG") and of a majority stake in tax services provider FTS.

Peter Hughes, Founder and CEO of Apex Group comments: “The acquisition of SandsPoint reinforces our commitment to further growth in the US market, which stands to benefit from continued consolidation of service providers. Kevin and the SandsPoint team share our emphasis on long term client relationships and the importance of delivering a full-service range of solutions which meet the needs of Real Estate investors, now and as they grow. We look forward to welcoming SandsPoint to Apex Group as we seek to continually evolve our footprint and service offering.”

Kevin D. Naughton, Founder and CEO of SandsPoint Advisors adds: “SandsPoint strives to offer clients a single-provider solution that can address all the requirements of their back and middle office functions and have followed Apex Group’s growth to embody this approach on a global scale. As part of a global group, our Real Estate clients will now benefit from access to Apex Group’s complete range of services. We’re excited for the new opportunities this strategic acquisition will deliver for our valued and long-standing clients.”

About Apex Group

Apex Group Ltd., established in Bermuda in 2003, is a global financial services provider. With over 80 offices in 40 countries worldwide and more than 10,000 employees upon the close of announced acquisitions, 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 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.

About SandsPoint Capital Advisors

SandsPoint Capital Advisors is an independent professional services firm established to deliver exceptional support and solutions to the real estate, private equity and investment management industries. Founded in 2012 by Kevin Naughton with a goal to become a trusted advisor for your business.

https://spcapitaladvisors.com/

Press contacts:

Apex Group: Antonia Powell, Head of Media Relations | Antonia.powell@apexfs.com | +44 (0)77 8990 2279

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