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Apex Group completes acquisition of Retransform

09 January 2024

Leading international financial services business Apex Group today announces an exciting start to 2024 after closing its acquisition of Retransform from The Annet Group.

Retransform is a global real estate provider offering Proptech, Technology Solutions and Business Managed Services to commercial, retail, and corporate real estate customers. The business serves more than 300 customers ranging from individual owner operators to some of the world’s biggest real estate asset, fund and property managers.

By driving operational efficiencies in real estate funds, Retransform is helping make the real estate sector greener and cleaner, to the benefit of people and planet and cities across the world. And, with Retransform supporting more than 2 billion square feet of real estate globally, reinforced by a team of more than 700, the business is making a real impact when it comes to delivering a more sustainable real estate sector.

The acquisition of Retransform further enhances Apex Group’s ability to partner with funds throughout a fund lifecycle, and to become a single-source provider of fund services. By leveraging Retransform’s analytics, Apex Group will give real-estate investors actionable, data-led insights which will allow for better investment decisions to be made.

Buildings are getting smarter and generating ever more environmental data, and this acquisition will enable Apex clients to better align with ESG regulation globally, as well as the sustainability goals of investors. It will also help support the real estate sector in reducing energy usage and achieving a sustainable transition to Net Zero.

Commenting on the acquisition, Peter Hughes, Founder and CEO of Apex Group said:

“Retransform is delivering an intelligent solution which is a key step toward delivering an innovative and sustainable real-estate sector, in line with the expectations of a growing number of funds and a growing body of regulation. As greater numbers of individual and institutional investors choose to invest in a way which doesn’t impact the earth, and a growing body of ESG regulation makes sustainable investment easier, Retransform has an important role to play in helping the real-estate sector adapt. 

“Bringing this business onboard supports Apex’s mission to deliver a smart, tech-enabled, one source solution to fund managers globally. Every industry is being reshaped by data and technology, and real estate is no exception. Retransform’s industry leading solutions, plus Apex’s expertise, will be a compelling, and unique, offer for real estate funds as we go into 2024.”

Rohan Bulchandani, Founder of Retransform and The Annet Group, said:

“After twenty-five years serving the real estate industry, we are excited to begin our next chapter at Retransform as part of Apex Group. We are joining an ambitious team who share our passion for innovation and continuous improvement.

“This will be an advantage not just for Apex’s global client list who will now benefit from Retransform, but also for our existing clients, who’ll now be plugged into the expertise and service that Apex Group offers, from offices globally.”

Apex Group and Annet are also establishing a Joint Venture to develop software in the areas of Data Analytics, Valuation, and Digital Twins for real estate, leveraging Retransform’s existing 4See™ Analytics, Valere™ and Secure™ software platforms.

About Apex Group

Apex Group Ltd., established in Bermuda in 2003, is a global financial services provider. With over 112 offices worldwide and 12,000+ employees in 45 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 raising solutions, fund administration, digital onboarding and bank accounts, depositary, custody, super ManCo, corporate services 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 Retransform

Retransform, founded in 1998, is a global real estate service provider offering Proptech, Technology Solutions and Business Managed Services to commercial, retail, residential and corporate real estate customers. Retransform are experts in developing and implementing state-of-the-art technology, tailored to their client’s business requirements.

Through their platforms and services, Retransform strives to create efficiencies and improve productivity, creating more time for humans to do what they do best. With offices across North America, Europe, the Middle East, India and Australia, Retransform serves 300 customers, supporting 2 billion sq. ft. of real estate across the globe.


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