Apex completes acquisition of Ipes 06 February 2019London Reporter: Jenna Lomax
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Apex Group has completed an acquisition of private equity administrator, Ipes.
According to Apex, the addition of the Ipes business further strengthens its breadth of service and expertise in the private equity space.
The close of the Ipes acquisition follows the close of M.M.Warburg & CO Asset Management and servicing business in Luxembourg as well as the recent announcement of Apex’s custody offering via its partnership with Citi.
At the close of the Warburg deal, M.M.Warburg & CO Luxembourg was rebranded as The European Depositary Bank under the Apex Group.
Apex has also recently acquired Corporate and Private Client Services (CPCS) and Throgmorton businesses of Link Group’s Asset Services division.
Peter Hughes, founder and CEO of Apex, said: “The closing of the Ipes deal is another important milestone for the business. The Ipes team is extremely well qualified and fits seamlessly into our own, bolstering both our private equity expertise and presence in Europe.”
He added: “The combination of Apex’s existing fund administration, banking and depositary, integrated custody solution and comprehensive corporate services offering means we now have the ability to deliver a full outsource solution for clients on a global basis”.
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