Apex Group welcomes new strategic minority investors
Apex Group Ltd. (“Apex” or “The Group”), a global financial services provider, welcomes its new strategic minority investors led by TA Associates (“TA”) and including Mubadala Investment Company and Carlyle.
As previously announced, these firms have invested alongside existing investor Genstar Capital (“Genstar”), a growth-oriented private equity firm, as well as Founder and CEO Peter Hughes and the Apex management team.
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).
Genstar’s continued support and the new investment led by TA is further endorsement of Apex’s strength as a leading financial services provider, underpinned by a sustainable long-term strategy, delivered through continued focus on service excellence, investment capital to support growth, and the successful integration of recent acquisitions.
Peter Hughes, Founder and Chief Executive Officer at Apex Group comments: “Today’s announcement endorses our business model and reaffirms our commitment to our clients and employees, with some of the world’s most respected investors joining us as shareholders. We are grateful for Genstar’s continued support and the new investments by TA, Mubadala and Carlyle, which will help us to further build on the accelerated growth we have achieved since Genstar’s initial investment five years ago. This new investment ensures continuity with both investors and our clients, as well as representing an exciting opportunity to continue our growth trajectory.”
Financial terms were not disclosed.
About Apex Group
Apex Group Ltd., established in Bermuda in 2003, is a global financial services provider. With over 85 offices worldwide and 10,000 employees upon the close of announced acquisitions, Apex 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.
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