Apex Group (Apex), has successfully closed the acquisition of the Corporate and Private Client Services (CPCS) and Throgmorton businesses of Link Group’s Asset Services division.
The acquisitions add over 600 employees and 6,000 clients to the Apex Group, across multiple markets, and bolsters Apex’s corporate services capabilities adding specialist hubs in the UK, Jersey, Ireland, Luxembourg, the Netherlands, Hungary and Switzerland.
Over the past eighteen months, Apex has continued to expand its capabilities to meet client demand successfully executing a programme of strategic acquisitions to deliver on its ambition to offer a unique end-to-end solution for global asset managers and allocators. The acquisitions, which include Deutsche Bank’s fund servicing business and MM Warburg & Co’s Asset Management and servicing business in Luxembourg, have enabled the firm to deliver a full suite of products beyond core fund accounting with the firm now offering four key service areas: open-ended fund administration, private equity and real estate fund administration, banking and depositary plus corporate services solutions.
Peter Hughes, CEO and Founder, says: “I am very proud of what we have accomplished at Apex. The addition of CPCS and Throgmorton solidifies the final pillar of our four core service segments through integration of their well-established corporate services offering. We are now able to offer our clients a truly comprehensive solution across the full ecosystem of third party providers global asset managers and allocators would usually use.”
Matt Claxton, former CEO of Corporate & Private Clients for Link Asset Services, now Global Head of Corporate Services and Private Clients for Apex Group Ltd, says: “Apex has achieved phenomenal growth and advanced in so many ways to become an impressive global financial services provider. As part of the Apex Group, both CPCS and Throgmorton clients will benefit from enhanced global expertise across the broadest range of solutions in the industry. Our businesses add an additional layer to Apex’s market leading capabilities. I am delighted to be part of this impressive organisation and look forward to contributing to, and being part, of its ongoing success.”
Macquarie Capital served as financial advisor and Willkie Farr & Gallagher LLP provided legal counsel to Apex for the aforementioned transaction.
