Apex Group Ltd., a global financial services provider, closed the acquisition of the Data & Analytics Division of MJ Hudson Plc, a London, UK-based provider of services to the asset management industry, specialising in private markets and alternative investments.
The amount of the deal was not disclosed. Close of the acquisition of MJ Hudson’s regulated business units remains subject to regulatory approval.
The acquisition will enable Apex Group to expand its reach and capabilities in the ESG software and advisory market, continuing to provide clients with innovative and value-added solutions.
MJ Hudson’s Data & Analytics business includes ESG, Custodian Bank Benchmarking and Quantitative Solutions as well as Investor Relations and Marketing support and will rebrand under the Apex Group banner. These businesses within the Business Outsourcing division include Management Company businesses in Luxembourg and Ireland, and Channel Islands Fiduciary and Fund Administration. These businesses will add a team of experienced professionals and approximately €80bn of assets under management to Apex Group’s existing European ManCo offering, delivered via subsidiary brand FundRock.
MJ Hudson’s high growth ESG advisory services and platforms will supplement and scale Apex Group’s ESG Ratings & Advisory offering, which was launched in 2019 and is used by over 400 GPs & LPs and 2,000+ portfolio companies in more than 50 countries.
The Custodian Bank Benchmarking division provides new benchmarking and analytics services supporting by two decades of data, including custody, fund accounting, investment operations and FX benchmarking to asset managers and institutional investors, largely in the long only public equity asset class.
In addition, MJ Hudson’s Investor Relations & Marketing as well as Quantitative Solutions business lines offer complementary SaaS, regulatory risk consulting and marketing services to the investment industry.
Apex Group’s ownership will provide additional growth capital, resources and global reach, which will benefit existing MJ Hudson clients through an extended range advisory services, technological capabilities and geographical footprint. This is the latest in a series of strategic acquisitions for Apex Group, including successful integrations of Sanne Group and Maitland, which continue to expand the Group’s single-source solution, local presence and technology platforms available to clients.
Established in Bermuda in 2003, Apex Group is a global financial services provider. With over 94 offices worldwide and 12,000+ employees in 38 countries, Apex delivers an expansive range of services to asset managers, financial institutions, private clients and family offices. The group has continually 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.
MJ Hudson is an end-to-end solutions provider to the asset management industry, specialising in private markets and alternative investments. The firm helps fund managers and investors run more smoothly and perform at their best, through an integrated suite of advisory, outsourcing and analytical services, supported by a range of sophisticated digital tools. MJ Hudson serves more than 1,000 clients, across the globe, including some of the industry’s largest players.
FinSMEs
22/05/2023