Carlyle, the private equity investor, and Mubadala, the Abu Dhabi-based sovereign wealth fund, have taken minority stakes in Apex Group Ltd. Carlyle and Mubadala have invested in the ordinary share capital alongside founder and CEO Peter Hughes, majority investor Genstar and TA Associates, which made a significant minority investment earlier this year. This investment expands Carlyle’s relationship with Apex following a preferred equity investment in November 2020.