The company intends to use the proceeds to grow through acquistions and organically, increasing its range of client service orientated products into the world’s major financial centres.
Led by group managing director Peter Hughes, Apex has 23 offices worldwide, including Singapore, Shanghai, Dubai and Switzerland, and delivers global fund administration solutions to investment managers investing in traditional and alternative assets (onshore and offshore investment funds such as mutual funds, UCITs, SICAVs, fund of funds, private equity, real estate, Shari’ah).
The company offers clients specialized and integrated products supporting middle and back office fund administration, complex derivatives, risk reporting and corporate secretarial and fund formation administration, as well as specialist start up services to asset managers.
In conjunction with the transaction, Brad Bernstein, FTV Capital partner and head of the firm’s New York office, joined Apex’ board.
The company was advised by Frank Ennis of Katalyst Partners.