Apex Group expands with acquisition of Sanne Group
04 August 2022 Global
Image: Apex Group Ltd.
Apex Group has announced the acquisition of alternative asset and corporate services provider, Sanne Group. This is the latest in a series of 31 global acquisitions for the group.
The close of the Sanne acquisition leaves Apex servicing nearly US$3 trillion in assets across administration, depositary, custody and under management.
The addition of Sanne brings an additional 2,500 people into the group and expands the firm across six new locations including Denmark, Japan and Serbia.
According to Apex, the acquisition adds further depth of product and experience in serving the closed-ended private equity, private debt, capital markets, loan agency, and real assets markets.
Additionally, the move expands the geographic footprint of Apex in the US, central Europe, Africa and Asia Pacific, enabling the group to better support clients in every location and stage of their lifecycle.
Sanne’s clients will also benefit from access to Apex’s single-source solution, including services such as environmental, social and governance rating, reporting and advisory, and digital banking.
Peter Hughes, founder and CEO of Apex Group comments: “With today’s announcement we have reached an inflection point in Apex Group’s story, as we become one of the largest providers in our space. Combined, our global team increases to more than 10,000 people, across over 80 offices.
“Bringing Sanne into the Group enables us to offer increased product depth, and a wider geographic footprint. We acknowledge the complementary strengths of each business and are excited to leverage this combined offering to drive the next stage of our evolution.”
Martin Schnaier, CEO at Sanne Group, adds: “[The strong performance of Sanne in the first half of 2022] reflects the qualities recognised by Apex Group in acquiring the business and it should ensure that this transformational combination creates a leading, end-to-end service provider to the alternative assets market.”
The close of the Sanne acquisition leaves Apex servicing nearly US$3 trillion in assets across administration, depositary, custody and under management.
The addition of Sanne brings an additional 2,500 people into the group and expands the firm across six new locations including Denmark, Japan and Serbia.
According to Apex, the acquisition adds further depth of product and experience in serving the closed-ended private equity, private debt, capital markets, loan agency, and real assets markets.
Additionally, the move expands the geographic footprint of Apex in the US, central Europe, Africa and Asia Pacific, enabling the group to better support clients in every location and stage of their lifecycle.
Sanne’s clients will also benefit from access to Apex’s single-source solution, including services such as environmental, social and governance rating, reporting and advisory, and digital banking.
Peter Hughes, founder and CEO of Apex Group comments: “With today’s announcement we have reached an inflection point in Apex Group’s story, as we become one of the largest providers in our space. Combined, our global team increases to more than 10,000 people, across over 80 offices.
“Bringing Sanne into the Group enables us to offer increased product depth, and a wider geographic footprint. We acknowledge the complementary strengths of each business and are excited to leverage this combined offering to drive the next stage of our evolution.”
Martin Schnaier, CEO at Sanne Group, adds: “[The strong performance of Sanne in the first half of 2022] reflects the qualities recognised by Apex Group in acquiring the business and it should ensure that this transformational combination creates a leading, end-to-end service provider to the alternative assets market.”
Next industry article →
TD Bank Group to expand its US investment banking business through Cowen acquisition
TD Bank Group to expand its US investment banking business through Cowen acquisition
NO FEE, NO RISK
100% ON RETURNS If you invest in only one asset servicing news source this year, make sure it is your free subscription to Asset Servicing Times
100% ON RETURNS If you invest in only one asset servicing news source this year, make sure it is your free subscription to Asset Servicing Times
.jpg)