Apex Group is to acquire Amsterdam-based Darwin Depositary Services (Darwin), a provider of depositary services to alternative investment funds.
As part of the mandate, Darwin’s management team will become part of the Apex Group’s global team.
Darwin will have access to Apex’s custody, digital banking and ESG rating and advisory services.
Darwin provides services to clients based in the Netherlands and outside the EU, including hedge funds, real estate, debt and private equity funds, as well as funds investing in infrastructure and renewable energy. The acquisition is expected to be finalised in Q3 2022.
Peter Hughes, founder and CEO of Apex Group, comments: “The Netherlands continues to be one of the most attractive markets for fund managers to set-up and access EU markets; the addition of the Darwin business will enable us to further serve the growing demand for depositary services across our client base.”
Peter van Schaik and Frank Hand, managing directors at Darwin Depositary Services, add: “We are excited to be joining Apex Group to add further value to our clients both now, and in the future.
“The group shares our uncompromising focus on client experience and service levels, which when combined with their unparalleled global reach and product range, presents a compelling solution for regulated funds.”
