Apex acquires BRL DTVM
07 March 2023 Brazil
Image: f11photo/stock.adobe.com
Apex Group (Apex) has completed its acquisition of Brazilian real estate fund administration company BRL Trust DTVM (BRL DTVM).
BRL DVTM provides fund administration services to real estate, trade receivables and open-ended funds, and offers custody services and net asset value calculation for all fund types. The company will now have access to Apex’s single-source solution, including capital raising and ESG rating and advisory products.
Apex now has more than 300 employees in Brazil, with its Latin American presence further bolstered by the recent acquisition of Banco Modal’s fund administration business, MAF.
BRL DVTM is the sister company of private equity fund administrator and custodian BRL Trust Investimentos (BRL Trust), which was acquired by Apex in 2021.
Peter Hughes, founder and CEO of Apex, says: “We continue to see compelling opportunities for further consolidation and growth in the Latin American fund services market. We are proud to become the largest independent services provider to alternatives funds in the Brazilian market, supporting our clients with a comprehensive suite of solutions and serving their requirements throughout the lifecycle of their fund vehicles.”
Ricardo Lima Soares, regional managing director for Latin America at Apex, comments: “We are excited for the opportunities acquisition will provide to bring our single-source offering to our clients in the Brazilian market and support their continued growth and success. As part of the Apex Group, BRL’s clients have access to the broadest range of services in the industry, delivered by an independent, global financial services group.”
BRL DVTM provides fund administration services to real estate, trade receivables and open-ended funds, and offers custody services and net asset value calculation for all fund types. The company will now have access to Apex’s single-source solution, including capital raising and ESG rating and advisory products.
Apex now has more than 300 employees in Brazil, with its Latin American presence further bolstered by the recent acquisition of Banco Modal’s fund administration business, MAF.
BRL DVTM is the sister company of private equity fund administrator and custodian BRL Trust Investimentos (BRL Trust), which was acquired by Apex in 2021.
Peter Hughes, founder and CEO of Apex, says: “We continue to see compelling opportunities for further consolidation and growth in the Latin American fund services market. We are proud to become the largest independent services provider to alternatives funds in the Brazilian market, supporting our clients with a comprehensive suite of solutions and serving their requirements throughout the lifecycle of their fund vehicles.”
Ricardo Lima Soares, regional managing director for Latin America at Apex, comments: “We are excited for the opportunities acquisition will provide to bring our single-source offering to our clients in the Brazilian market and support their continued growth and success. As part of the Apex Group, BRL’s clients have access to the broadest range of services in the industry, delivered by an independent, global financial services group.”
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