Apex Group acquires South Africa’s Efficient Group
15 March 2023 South Africa
Image: Arnold
Apex Group has acquired South Africa-based Efficient Group (Pty), part of the holding company of Boutique Collective Investments (BCI) and Boutique Investment Partners (Pty).
As part of the mandate, Efficient Group clients will benefit from access to Apex’s local hedge fund solutions and offshore fund solutions as well as its ManCo, data and tech-enabled services.
Created in 2013, BCI specialises in the provision of multi-manager and consulting services.
Efficient Group provides a range of management company services to South African independent financial advisors and their retail and institutional clients.
Following the completion of the acquisition, 44 Efficient Group employees will join Apex’s expanding African footprint. The company will also be rebranded under the Apex Group banner.
The mandate will not impact any of the Efficient Group’s wealth, risk and investment clients, Apex says.
Peter Hughes, founder and CEO of Apex, comments: “The strategic addition of the unit trust management company adds greater product depth and expanded reach, particularly for our ManCo services offering, and further reinforces our commitment to South Africa, a key hub for our global business.”
Heiko Weidhase, CEO of Efficient Group, adds: “Efficient has always followed a very successful growth strategy in the wealth, risk, and investments segment of the financial services market, ensuring that the company has expanded into a leader in the financial services industry.
“This transaction allows the company to continue expanding the business by focusing on partners that align with the overall expansion of the retail client base strategy and value proposition.”
As part of the mandate, Efficient Group clients will benefit from access to Apex’s local hedge fund solutions and offshore fund solutions as well as its ManCo, data and tech-enabled services.
Created in 2013, BCI specialises in the provision of multi-manager and consulting services.
Efficient Group provides a range of management company services to South African independent financial advisors and their retail and institutional clients.
Following the completion of the acquisition, 44 Efficient Group employees will join Apex’s expanding African footprint. The company will also be rebranded under the Apex Group banner.
The mandate will not impact any of the Efficient Group’s wealth, risk and investment clients, Apex says.
Peter Hughes, founder and CEO of Apex, comments: “The strategic addition of the unit trust management company adds greater product depth and expanded reach, particularly for our ManCo services offering, and further reinforces our commitment to South Africa, a key hub for our global business.”
Heiko Weidhase, CEO of Efficient Group, adds: “Efficient has always followed a very successful growth strategy in the wealth, risk, and investments segment of the financial services market, ensuring that the company has expanded into a leader in the financial services industry.
“This transaction allows the company to continue expanding the business by focusing on partners that align with the overall expansion of the retail client base strategy and value proposition.”
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