Apex Group gains investment from TA Associates 18 June 2021US Reporter: Becky Bellamy
Image: jirsak/stock.adobe.com
Private equity firm TA Associates has made a significant minority investment in financial services provider Apex Group.
Apex is majority-owned by Genstar Capital, a leading private equity firm focused on investments in targeted segments of the financial services, healthcare, industrials, and software industries.
Founded in Bermuda in 2003 by CEO Peter Hughes, Apex Group is a global financial services provider to asset managers, financial institutions, family offices and corporates.
Following an investment from Genstar in 2017, the group has grown both organically and via strategic acquisition, increasing its assets under administration from $80 billion to $1.1 trillion in assets serviced across administration, custody, depositary and under management.
Peter Hughes, founder and CEO of Apex Group, says: “We are very proud of the progress we have achieved together with Genstar’s support, building an unparalleled breadth of product and scaling our geographic footprint while maintaining exceptional levels of client service and retention. With TA Associates as a new partner, we look forward to continuing on our growth trajectory and further enhancing our capabilities, while driving innovation and progress in the industry.”
Roy Burns, managing director of TA Associates, adds: "We are aligned with Apex management’s vision for the future and look forward to pursuing their global business model with Genstar and being a key partner in supporting Apex’s platform as they develop new services and strengthen their tech-enabled services.”
NO FEE, NO RISK 100% ON RETURNSIf you invest in only one asset servicing news source this
year, make sure it is your free subscription to Asset Servicing Times
Image: jirsak/stock.adobe.com 