Apex opens Swedish office, buys New Zealand's IIS
Apex Group, a Bermuda-headquartered fund services provider with substantial operations in Luxembourg, has opened a new office in Stockholm from which it will service clients in the Nordics region. The firm also has announced it acquired the parent company of IIS and InvestNow in New Zealand.
Apex buys Canada’s Prometa Fund Support Services
Apex Group, a fund services provider with substantial operations in Luxembourg, on Thursday said it has acquired Prometa Fund Support Services Inc., a Canada-based provider of fund services. Financial details were not disclosed.
Apex sees Luxembourg as strategic hub
After Thursday’s announcement of Apex Group’s acquisition of Sanne Group plc enabled the firm to position itself as a global, top-tier independence service provider, servicing nearly 3 trillion US dollars in assets, Investment Officer Luxembourg asked Renaud Oury, Apex’s Chief Revenue and Data Officer to speak about the significance of the deal, particularly for Luxembourg.
Apex's Sanne acquisition affects 250 Luxembourg staff
Global financial services provider Apex Group Ltd announced on Thursday the close of its acquisition of Sanne Group plc, a leading global provider of alternative asset and corporate services.
South Africa’s Foord targets Australia via Luxembourg
Foord Asset Management, a firm with South African roots and a Luxembourg presence since 2013, is expanding its global reach by offering long-term investors in Australia a new feeder fund for its Foord Global Equity Fund registered in the Grand Duchy.
The new Foord Global Equity Australian Feeder Fund invests exclusively in the Foord Sicav- Foord Global Equity Fund (Luxembourg). The fund held assets worth 472 million dollars at the end of 2021, with holdings in for example Alphabet, Tencent, JD.com, Freeport-McMoran and Alibaba.
Apex picks Darwin to boost depositary services in Europe
Apex Group is adding another firm to its growing string of acquisitions, announcing that it plans to take over Amsterdam-based Darwin Depositary Services, a firm that provides depositary services to alternative investment funds in Europe. Financial details were not disclosed.
As the only independent AIFMD depositary in mainland Europe, Darwin provides services to a range of international clients, including hedge funds, real estate, debt and private equity funds as well as funds investing in infrastructure and renewable energy.
At Apex, Luxembourg inspires a global business model
At Apex Group, present in Luxembourg also with management companies such as FundRock and LRI Invest, each new acquisition and partnership announcement marks a waypoint on its long-term strategic journey. That journey still has some way to go, Apex’s founder and CEO Peter Hughes said in an interview with Investment Officer. “In terms of what the potential is, half-way certainly feels about right.”
Apex to take over Maitland, expanding geographic reach
Apex Group Ltd continues to add management companies to its group through acquisitions. On Wednesday it said it plans to acquire the fund services and third-party management company business operations of Maitland International Holdings plc, an international fund services provider with a presence in Luxembourg, for an undisclosed amount. The transaction is subject to regulatory approval.
Apex Group continues growth with US acquisition
Apex Group, a global asset services specialist present in Luxembourg also with its FundRock and LRI Invest subsidiaries, on Tuesday said it has acquired a majority stake in FTS, a US-based tax services firm serving clients in the alternative investment and family office sectors, for an undisclosed amount.
Ireland set to compete with new SCSp partnership regime
Nearly nine years after the introduction of a Luxembourg fund vehicle known as the SCSp, allowing the alternative investment fund industry to register special limited partnerships, competing financial centre Ireland has finally introduced its own version, enabling it to finally provide direct competition with the Grand Duchy in this area.