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May 10, 2017updated 18 May 2017 11:14am

Apex Fund Services to acquire Equinoxe Alternative Investment Services

By PBI Editorial

Bermuda’s Apex Fund Services has agreed to acquire Equinoxe Alternative Investment Services, a fund administration services provider, for an undisclosed sum.

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How attractive are current investment opportunities in Europe?

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  • Track the M&A and Capital Raising volumes into their target market
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Apex currently offers back office, middle office, regulatory reporting and other administrative services to asset managers. The firm said that the latest acquisition will boost its middle office solutions and take its assets to around $80bn.

Apex founder Peter Hughes will retain a significant equity stake in the merged entity and will spearhead it as CEO.

At the same time, Apex has also agreed to a recapitalisation deal with private equity firm Genstar Capital.

Apex said that it aims to become a top 5 global fund administrator within the next five years  using Genstar’s “enhanced capabilities, global reach and capital support”.

The deals are slated to be completed in the third quarter of 2017, subject to regulatory approvals.

“The Equinoxe team has built a successful business, and its combination with Apex will provide a strong strategic and cultural fit. We are extremely pleased to partner with Genstar, a firm that shares our guiding principles for delivering quality service to clients. We also share an ongoing commitment to growing Apex, both organically and through acquisition. We look forward to partnering with Genstar to continue to build scale and enhance Apex’s ability to service clients across multiple jurisdictions,” Hughes said.

Free Report
img

How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

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